Amber International Bets Big: $25.5M XRP, BNB & SUI Purchase Signals Crypto Confidence

Crypto whales are back—and this time, they're packing institutional firepower.

Amber International just dropped $25.5 million on a triple-threat crypto play: XRP for payments, BNB for exchange muscle, and dark horse SUI for smart contract potential. Because nothing says 'bullish' like throwing eight figures at assets regulators still side-eye.

While traditional finance bros argue about basis points, crypto's new money is buying the dip—with a Brink's truck.

Amber International to Buy BTC, ETH, SOL, XRP, BNB and SUI

Nasdaq-listed Amber International completed $25.5 million private placement to expand its $100 million crypto ecosystem reserve fund, according to a press release on July 3.

The company plans to use proceeds from the private placement to expand $100 million Crypto Reserve initiative. The reserve primarily focused on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, the company said it plans ongoing deployment into Binance Coin (BNB), Ripple (XRP), and sui (SUI).

The private placement involved the issuance of 12,200,915 Class A ordinary shares, equivalent to 2,440,183 ADSs. The raise was led by CMAG Funds, Mile Green, Pantera Capital, Choco Up, Kingkey Financial International (Holdings) Limited (1468.HK), and other prominent investors.

Amber International to leverage the reserve to support innovative projects on these blockchains, offering distinctive products and services to institutional clients. Real World Assets (RWA) and AgentFi are two primary areas the company wants to stay on the cutting-edge of blockchain innovation.

Notably, many companies have planned to build XRP treasury reserves, which include Trident Digital, Webus International, VivoPower, and Worksport, among others.

Meanwhile, Nano Labs plans to build an initial $1 billion BNB treasury and Lion Group Holding as the primary SUI holder, along with other tokens.

XRP, BNB and SUI Price Action

XRP eyes $3 on treasury reserves and ETF prospects, as the Ripple vs SEC lawsuit ended. The price is currently trading at $2.25, with a 24-hour low and high of $2.24 and $2.31, respectively. Furthermore, the trading volume decreased by 6% in the last 24 hours.

BNB price has jumped nearly 0.5% in the last 24 hours, with the price currently trading at $663. The 24-hour low and high are $657.20 and $664.39, respectively.

In contrast, sui price has soared over 4% in the last 24 hours, with the price currently trading at $3.01. The 24-hour low and high are $2.88 and $3.07, respectively. Furthermore, the trading volume has increased by 23% in the last 24 hours, indicating a massive interest among traders.

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