PANews reported on July 4 that according to Coindesk, Amber Group subsidiary Amber International Holding (AMBR) said it had raised $25.5 million through private placement. The proceeds from the private placement will be strategically used to enhance Amber International's $100 million cryptocurrency reserve program, which aims to support long-term ecosystem integration and product innovation. Since the announcement of the strategy earlier this year, the reserve has been allocated to major digital assets such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), and is continuing to be allocated to Binance Coin (BNB), Ripple (XRP) and Sui (SUI).

The offering price was $10.45 per share, a 5% discount to the company's three-day volume-weighted average trading price, and attracted investors such as Pantera Capital, CMAG Funds, and Kingkey Financial International to participate. The private placement issued 12,200,915 Class A common shares, equivalent to 2,440,183 American Depositary Receipts (ADS).