Amber International Secures $25M+ in Bold Crypto Expansion Play—$100M Target in Sight

Crypto asset manager Amber International just locked down over 25% of its aggressive $100 million fundraising target—signaling institutional confidence isn't dead yet.

Bullish bets back on the menu

While traditional VCs nurse their 2022 hangovers, Amber's war chest expansion hints at renewed appetite for digital asset exposure. The raise comes as Bitcoin flirts with yearly highs—because nothing fuels FOMO like a green candle parade.

Smart money or reckless timing?

Critics whisper about déjà vu as crypto fundraising revives. But Amber's move suggests some investors still believe in buying the dip—or have forgotten how to read a volatility chart. Either way, their compliance team better have triple-checked those custody solutions.

Watch this space: if they hit the full $100M, it'll be the clearest signal yet that crypto winter thawed—or that hedge funds found a new way to burn fees.

As per the announcement, Amber International issued more than 12 million Class A ordinary shares which is equal to approximately 2.44 million American Depositary Share on the Nasdaq stock exchange.

The private placement garnered support from a number of institutional players, including CMAG Funds, Mile Green, Pantera Capital, Choco Up, Kingkey Financial International among others.

More often than not, when a company publishes a notice about raised capital that will go towards supporting its crypto reserves, the company stock experiences a surge. The same can be said about Amber International.

At press time, Amber International’s stock managed to see modest gains of 0.12%, rising from its previous closed market price at $8.60. Earlier today, the stock experienced a sharp spike, bounding up to as high as $9.56. However the peak was short lived as it took a nosedive down to $8.40.

Most recently, Spain’s Vanadi Coffee and Swedish gaming firm Fragbite Group enjoyed highs in its stock price after announcing that its shareholders have decided to add crypto to the company balance sheets.

In recent months, there have been an increasing number of companies worldwide adopting crypto reserve strategies, many of them citing Michael Saylor’s Strategy as inspiration. While others have called it an attempt to hedge inflation or as a starting point in their venture into the web3 business.