Amber Secures $25.5M to Boost Its $100M Crypto Reserve Plan

Amber International Holding Ltd., a subsidiary of the Singapore-based Amber Group, has successfully raised $25.5 million in a private placement. The new funds will be allocated toward expanding the company’s $100 million crypto reserve program. 

Amber International aims to focus on strengthening its digital asset strategy and building blockchain-related products and services.

Strategic Use of Funds for Crypto Reserve Growth

The company announced in a statement released on July 4. Several institutional investors supported the funding round. This includes CMAG Funds, Mile Green, Pantera Capital, Choco Up, and Kingkey Financial International.

As revealed, the private placement involved the sale of American Depository Shares (ADS), which were priced at $10.45 each. This was a 5% discount on the average price of the stock over the past three trading days. Each ADS represents five of Amber’s Class A shares.

The funds raised from this placement will be added to the company’s existing reserve, helping it reach its $100 million goal. Amber said the funds will be used to expand its Crypto Reserve initiative. 

Amber plans to use the funds to expand its crypto reserve, which was launched in May. The company has already bought Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB, XRP, and SUI using the reserve. This is a growing trend among public companies. 

The reserve is not just for holding tokens; it is also meant to support research, new products, and partnerships in the blockchain space

More firms are now building crypto reserves as a way to diversify their assets, support innovation, and stay ahead in the digital economy.

Focus on Real-World Asset Tokenization and AgentFi

Amber is focusing part of its reserve on real-world asset tokenization (RWA). This involves converting assets such as real estate or bonds into digital tokens using blockchain technology. These tokens can be bought and sold more easily and safely online.

Another key area is “AgentFi,” which combines finance with smart software agents. These agents can make decisions and interact with other systems independently, without requiring human intervention. Amber believes both of these technologies will shape the future of decentralized finance. 

By investing in them, the company aims to build useful and forward-thinking blockchain tools.

Market Challenges and Share Price Performance

Even with the good news about new funding, Amber International’s stock has not done well. The company’s share price has faced some challenges in the market. The company’s shares, listed on the Nasdaq Global Market under the ticker AMBR, closed down 6.7% on Thursday. 

Over the past five days, the stock has lost 23.8% of its value and is down nearly 12% over the past month, according to Yahoo Finance. Even with the recent market dip, Amber remains committed to building value through long-term investments in crypto and blockchain technologies.