Amber International Holding Limited (Nasdaq: AMBR) secured $25.5 million in a private placement to accelerate its $100 million Crypto Ecosystem Reserve Strategy. The funding round involved institutional investors including Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial International, with shares priced at $10.45 per ADS—a 5% discount to the three-day volume-weighted average price ending June 27, 2025.
Proceeds will expand the reserve's allocation beyond initial holdings in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to include Binance Coin (BNB), Ripple (XRP), and Sui (SUI). Amber plans to leverage this capital to enhance institutional services in the U.S. and Southeast Asia, targeting blockchain stability and liquidity for developers. The strategy focuses on emerging sectors like Real World Assets (RWA) and AgentFi.
Amber stated: "This milestone represents a crucial step towards achieving our long-term goals of blockchain stability and institutional growth." Historical parallels to reserve strategies like Tether's suggest potential volatility mitigation and increased adoption.