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mber International Holding Limited (Nasdaq: AMBR) completed a $25.5 million private placement to enhance its $100 million Crypto Ecosystem Reserve Strategy, the company announced Thursday.
Institutional investors including Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial International (Holdings) Limited subscribed at $10.45 per American Depositary Share, representing a 5% discount to the three-day volume-weighted average price between June 25-27.
The placement involved issuing 12.2 million Class A ordinary shares, equivalent to 2.44 million ADSs based on the company's 5:1 ratio.
Reserve Allocation
Proceeds will support Amber's $100 million crypto reserve initiative announced in May, which has been allocated toward Bitcoin, Ethereum, and Solana since its announcement earlier this year. The company is continuing deployment into Binance Coin, Ripple, and Sui tokens.
Amber plans to leverage the reserve to support innovative blockchain projects and deliver differentiated products to institutional clients. The company is targeting growth areas including Real World Assets (RWA) and AgentFi as part of its Web3 financial infrastructure strategy.
Operating under the "Amber Premium" brand, Amber International is a subsidiary of Amber Group that provides institutional crypto financial services. The platform offers market access, execution infrastructure, and investment solutions across centralized finance, decentralized finance, and over-the-counter markets.
