TRNR to raise $500M for FET purchases, forms AI partnership with Fetch.ai

Interactive Strength (NASDAQ: TRNR), a fitness solutions provider, announced via a blog post on FET.ai plans to raise up to $500 million to buy FET, the native token of Fetch.ai. The company has already begun acquiring tokens using $55 million from ATW Partners and DWF Labs. TRNR also disclosed a technology collaboration with Fetch.ai to integrate AI tools into its fitness platforms. If completed, the deal would make TRNR the largest U.S.-listed company holding a crypto treasury centered on an AI token.