Lucosky Brookman LLP Advises Interactive Strength on $500 Million AI-Crypto Treasury Strategy Backed by ATW and DWF Labs
Interactive Strength Inc. (Nasdaq: TRNR), the connected fitness technology company behind the CLMBR and FORME brands, has entered into a landmark $500 million facility to acquire $FET tokens—an AI-focused digital asset developed by Fetch.ai—and to launch its crypto treasury asset strategy.
The Company closed an initial $55 million investment from institutional backers ATW Partners and DWF Labs. Proceeds will be used to acquire $FET, positioning TRNR to hold the largest U.S. publicly listed crypto treasury focused on an AI token.
The investment will support several key initiatives:
- Building a long-term crypto treasury comprised of $FET tokens
- Partnering with Fetch.ai to integrate decentralized AI into TRNR’s digital fitness platforms
- Advancing TRNR’s AI-driven personal training experience
- Supporting pending acquisitions of Sportstech and Wattbike
- Increasing shareholder exposure to next-gen growth assets
TRNR’s $FET holdings will be managed and secured through BitGo’s institutional-grade trading and custody platform.
Lucosky Brookman LLP served as legal counsel to Interactive Strength in this strategic transaction. Kelley Drye & Warren LLP and Blank Rome LLP advised ATW Partners, Nixon Peabody LLP advised DWF Labs, and K&L Gates represented Fetch.ai.