🔵Amber International raises $25.5 million to enhance its cryptocurrency reserve program DeThings, July 4 - According to Coindesk, Amber Group's subsidiary Amber International Holding (AMBR) announced that it has raised $25.5 million through private placement. The funds 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 this strategy earlier this year, the reserve has been allocated to major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), and is continuously being allocated to Binance Coin (BNB), Ripple (XRP), and Sui (SUI). The issuance price for this increase is $10.45 per share, which is a 5% discount to the company's three-day volume-weighted average trading price, and has attracted investors such as Pantera Capital, CMAG Funds, and Kingkey Financial International. This private placement issued 12,200,915 shares of Class A common stock, equivalent to 2,440,183 American Depositary Shares (ADS).