Interactive Strength enters $500M facility to acquire $FET tokens

Interactive Strength (TRNR) has entered into a Securities Purchase Agreement to raise up to $500 million, the net proceeds of which are expected to be used exclusively to acquire $FET tokens. This transaction is expected to result in TRNR having the largest publicly-listed crypto treasury focused on an AI-token. TRNR is already in the process of acquiring $FET tokens with the initial $55 million of new capital that has been invested by private equity firm ATW Partners and crypto market-maker DWF Labs. Fetch.ai’s platform features the world’s first decentralized LLM designed for autonomous action, not just content generation, and powers AI agents that optimize critical industries – from medical research and energy to logistics and finance. Fetch.ai is the original issuer of $FET and a member of the Artificial Superintelligence Alliance. As part of the deal, Fetch.ai will collaborate with TRNR to expand its digital fitness services into, e.g., an AI-driven personal training platform.