Amber International raises $25.5M in private placement to boost $100M crypto reserve strategy
Singapore-based Amber International has raised $25.5 million through a private placement to bolster its ambitious $100 million Crypto Reserve initiative, aimed at supporting blockchain ecosystem alignment and innovation.
The private placement, priced at $10.45 per share — reflecting a 5% discount to the company’s three-day volume-weighted average trading price — saw participation from prominent institutional investors, including CMAG Funds, Mile Green, Pantera Capital, and Kingkey Financial International, among others.
Amber issued over 12 million Class A ordinary shares, equivalent to approximately 2.44 million American Depositary Shares (ADS) listed on Nasdaq.
Expanding crypto reserve coverage
Amber first unveiled its Crypto Reserve strategy earlier this year, with initial allocations to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). With this latest funding, Amber announced plans to diversify further by adding Binance Coin (BNB), Ripple’s XRP, and SUI to its reserve portfolio.
- BNB recently witnessed institutional flows of nearly $50 million, signaling growing investor confidence.
- XRP is recovering institutional relevance post a June dip, staying above $2.25.
- SUI, meanwhile, continues to show strong developer growth of 54%, though technical charts point to some consolidation.
Amber plans to leverage the reserve not only as an investment but also to offer liquidity, capital, and technical support to developers building on these blockchains — addressing the persistent lack of institutional-grade infrastructure to scale blockchain adoption effectively.
“The Reserve will further empower the company to remain at the forefront of blockchain innovation in areas such as Real World Assets (RWA) and AgentFi, strengthening its leadership in the next wave of Web3 financial infrastructure,” Amber stated.
Stock under pressure
Despite the positive announcement, Amber’s stock closed down 6.7% on Thursday, according to Yahoo Finance. The stock has fallen 23.8% over the past five days and is down 12% over the past month, reflecting broader market volatility in the crypto and tech sectors.
The company remains confident that its growing institutional backing and crypto reserve strategy will position it strongly in the evolving Web3 landscape.