Interactive Strength Inc. builds $55M crypto treasury: $FET ranks top-5 AI token

Interactive Strength Inc. (TRNR) has established a $55 million cryptocurrency treasury, focusing heavily on the AI token $FET, which ranks among the top five AI-focused cryptocurrencies by market capitalization.

The company began acquiring $FET tokens over the weekend through its custodian, BitGo, leveraging the continuous 24/7 trading nature of the crypto market.

"TRNR began acquiring $FET in the open market over the weekend, due to crypto’s 24/7 trading, through its custodian, BitGo."

This strategic move was backed by significant investments from ATW Partners and DWF Labs, who contributed $55 million during the initial closing phase.

"ATW Partners and DWF Labs invested $55 million in initial closing."

$FET, recognized as a top-50 cryptocurrency overall, holds a prominent position as a top-5 AI-focused token, according to coinmarketcap.com, underscoring its growing importance in the AI and crypto intersection.

"$FET is a top-50 cryptocurrency and a top-5 AI-focused cryptocurrency by market capitalization according to coinmarketcap.com."

This development positions TRNR to potentially have the largest publicly listed crypto treasury in the U.S. focused on AI tokens, reflecting increasing institutional interest in AI-driven digital assets.

"TRNR is expected to have the largest US publicly listed crypto treasury focused on an AI-token."

Interactive Strength Inc. has built a $55 million crypto treasury, with $FET ranking among the top five AI-focused tokens. The company acquired $FET through its custodian BitGo, supported by investments from ATW Partners and DWF Labs, highlighting growing interest in AI-related cryptocurrencies.