Interactive Strength Inc. Announces Landmark $500 Million Funding Deal
AUSTIN, TX / ACCESS Newswire / June 11, 2025 / Interactive Strength Inc. (Nasdaq:TRNR), the maker of innovative specialty fitness equipment under the CLMBR and FORME brands, has entered into a Securities Purchase Agreement to raise up to $500 million. The net proceeds will be used exclusively to acquire $FET tokens, a leading AI digital asset developed by Fetch.ai.
The initial closing of $55 million has already been invested by private equity firm ATW Partners and crypto market-maker DWF Labs. This investment is expected to result in TRNR having the largest publicly-listed crypto treasury focused on an AI-token.
“Digital assets are rapidly becoming an essential part of global financial infrastructure and AI is the biggest technological leap in our lifetimes,” said Trent Ward, CEO of TRNR. “Fetch.ai is the market leader at the intersection of the two most important technology trends today: artificial intelligence and crypto.”
Strategic Collaboration with Fetch.ai
As part of the deal, Fetch.ai will collaborate with TRNR to expand its digital fitness services into an AI-driven personal training platform. Fetch.ai’s platform features the world’s first decentralized LLM designed for autonomous action, not just content generation, and powers AI agents that optimize critical industries.
“Unlike traditional models that generate isolated responses, Fetch.ai’s ecosystem is built on autonomous agents that can interact, collaborate, and transact in real time,” said Humayun Sheikh, CEO of Fetch.ai. “This enables users to build and monetize AI tools that operate independently.”
Strengthening TRNR’s Position
This investment accelerates TRNR’s momentum from its two pending acquisitions, highlighting strong institutional investor support for the Company’s strategy of combining crypto treasury assets and accretive acquisitions. The crypto treasury asset strategy is expected to strengthen TRNR’s financial flexibility and support its AI and digital fitness ambitions.
About Fetch.ai and Interactive Strength Inc.
Fetch.ai is a Delaware-based AI company and founding member of the Artificial Superintelligence Alliance (ASI). Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under the CLMBR and FORME brands.
TRNR will leverage BitGo for both the trading and custody of its $FET holdings. The transaction is expected to increase shareholder exposure to next-generation growth assets.
For more information, please see TRNR’s investor website and required filings with the U.S. Securities and Exchange Commission (SEC).
