TRNR Set to Establish Major US Crypto Treasury Centered on AI-Token
Austin, TX – June 16, 2025 – Interactive Strength Inc. (Nasdaq: TRNR), renowned for its innovative fitness equipment brands, CLMBR and FORME, has made a significant move in the cryptocurrency space. The company has finalized an initial investment of $55 million to support its crypto treasury strategy, which was announced on Friday, June 13th. Over the weekend, TRNR began acquiring $FET tokens in the open market through its custodian, BitGo, capitalizing on the continuous trading nature of cryptocurrencies. This initiative is part of TRNR’s broader strategy to position itself as a leader in the market for AI-focused cryptocurrencies.
TRNR plans to utilize the remaining funds from the initial investment, as well as additional proceeds from a $500 million facility, to continue its acquisition of $FET tokens. The initial purchases are projected to make TRNR the holder of the largest publicly listed crypto treasury focused specifically on an AI-token. Currently, $FET ranks among the top 50 cryptocurrencies and is also one of the top five AI-centric cryptocurrencies by market capitalization, according to data from CoinMarketCap. The initial funding was provided by private equity firm ATW Partners along with crypto market maker DWF Labs.
For further insights, rationale, and detailed information regarding the acquisition strategy, stakeholders can refer to TRNR’s investor website and its filings with the U.S. Securities and Exchange Commission (SEC).
About Interactive Strength Inc.
Interactive Strength Inc. specializes in cutting-edge fitness equipment and digital fitness services, operating under two primary brands: CLMBR and FORME. The company is publicly traded on NASDAQ under the ticker symbol TRNR. CLMBR is designed as a vertical climbing machine, providing an efficient full-body workout that caters to various fitness levels. Its compact design makes it suitable for both commercial and home environments, ensuring a low-impact and safe experience for users of all ages.
FORME offers a digital fitness platform that merges high-quality smart gym technology with live personal training, creating an engaging workout experience aimed at enhancing results for both users and trainers. FORME features two connected products: the FORME Studio Lift and the FORME Studio, which utilize a fitness mirror interface. In addition to hardware, FORME provides a range of personal training options, including on-demand videos, custom training plans, and live one-on-one sessions.
Information Disclosure Channels
In compliance with Regulation FD, Interactive Strength Inc. announces significant information to the public through multiple channels, including SEC filings, press releases, blog posts, public conference calls, webcasts, and its investor relations website. Any updates regarding the company’s disclosure methods will be reflected on the investor relations section of its website.
Forward-Looking Statements
This announcement contains various forward-looking statements as defined by the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements reflect management’s expectations and projections regarding future events and are not strictly historical facts. Terms such as “believe,” “expect,” “anticipate,” and similar phrases indicate forward-looking statements regarding potential acquisitions, financing outcomes, and the establishment of the largest US publicly listed crypto treasury focused on an AI-token. Readers are advised to exercise caution and not place undue reliance on these forward-looking statements, as actual results may differ significantly due to various risks and uncertainties, including market conditions and investment decisions made by ATW Partners and DWF Labs. The company does not undertake any obligation to update these forward-looking statements as permitted by law.
