Sujha Sundararajan
2025-07-04 04:18:00
cryptonews.com

Singapore-based crypto firm Amber International has announced the completion of a $25.5 million private placement to foster its $100 million crypto ecosystem reserve fund.
The private placement was priced at $10.45 per share, the company said in a statement on Thursday. The price is based on a 5% discount to the companyβs three-day volume-weighted average trading price.
βProceeds from the private placement will be strategically used to enhance Amber Internationalβs $100 million Crypto Reserve initiative, which is designed to support long-term ecosystem alignment and product innovation.β
The raise saw participation from institutional investors, including CMAG Funds, Mile Green, Pantera Capital, Kingkey Financial International, and others. Amber issued more than 12 million Class A ordinary shares, equal to about 2.44 million American Depositary Share (ADS), on Nasdaq.
Amber International Crypto Reserve Allocations
The Nasdaq-listed company announced its crypto reserve strategy early this year diversifying allocations in Bitcoin, Ethereum and Solana.
Amber is now extending its coverage to Binance Coin, Rippleβs XRP and SUI, the announcement added. This signals a wave of institutional conviction, especially when BNB witnesses $50M scooped up by Nano Labs.
Further, XRP is regaining institutional relevance after a June dip and is holding above $2.25, while SUIβs 54% dev growth and bullish sentiment are offset by technical consolidation.
The company noted that it will use crypto reserves to align with developers operating on these blockchains, aiming to offer liquidity, capital, and technical support.
The approach directly addresses one of the critical pain points β the lack of institutional-grade infrastructure to support blockchain adoption and scalability.
βThe 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,β Amber noted. Amberβs stock closed down 6.7% on Thursday, per Yahoo Finance data. Further, the shares have dropped 23.8% in the past five days and 12% in the last month
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