Amber International Listed in the US Raises Approximately JPY 3.7 Billion to Accelerate Cryptocurrency Reserve Strategy

Amber International Holdings (NASDAQ: AMBR), a subsidiary of Singapore-based cryptocurrency financial services company Amber Group, announced on the 3rd that it has completed a private placement raising $25.5 million (approximately JPY 3.7 billion). The funds raised will be used to enhance the company's $100 million cryptocurrency ecosystem reserve strategy. Notable institutional investors participated in this private placement, including CMAG Funds, Mile Green, Pantera Capital, Choco Up, and Kingkey Financial International. Since announcing its $100 million reserve (preparation fund) strategy in May, the company has been actively investing in Bitcoin, Ethereum...