Interactive Strength plans to raise $500 million to acquire FET tokens

Odaily News Interactive Strength (TRNR), a publicly traded fitness equipment manufacturer in the United States, announced today that it plans to raise up to $500 million through a securities purchase agreement, with the proceeds to be used to purchase Fetch.ai's FET cryptocurrency. The company said it has now begun acquiring FET tokens using an initial investment of $55 million from DWF Labs and ATW Partners. (The Block)