Amber International Holding Limited (Nasdaq: AMBR), a prominent player in institutional crypto financial services operating as "Amber Premium," has made significant strides in its $100 million Crypto Ecosystem Reserve Strategy. This progress is fueled by a recently announced $25.5 million private placement supported by leading global investors.
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Institutions subscribed at $10.45 per American Depositary Share (ADS), reflecting a 5% discount to the average price over a three-day period. This translates to $2.09 per Class A ordinary share, with the placement involving 12,200,915 Class A ordinary shares—equivalent to 2,440,183 ADSs. Notable participants include CMAG Funds, Mile Green, Pantera Capital, Choco Up, and Kingkey Financial International.
The funds raised will be strategically allocated to enhance Amber International's Crypto Reserve initiative, focusing on long-term ecosystem alignment and product innovation. The reserve has already been deployed into key digital assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with plans to expand into Binance Coin (BNB), Ripple (XRP), and Sui (SUI).
Amber International aims to leverage its Ecosystem Reserve to support innovative projects across these blockchains, enhancing its offerings for institutional clients. This initiative positions the company at the forefront of blockchain innovation, particularly in emerging areas like Real World Assets (RWA) and AgentFi, solidifying its leadership in the evolving Web3 financial landscape.
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About Amber International Holding Limited
Amber International Holding Limited (Nasdaq: AMBR), under the "Amber Premium" brand, specializes in institutional crypto financial services and solutions. A subsidiary of Amber Group, it offers market access, execution infrastructure, and investment solutions tailored for institutions and high-net-worth individuals, powered by cutting-edge blockchain and financial technologies.
Amber International Bolsters Crypto Reserve Strategy with $25.5 Million Private Placement
