7 Months Ago, the Giant Company that Announced it Would First Buy Bitcoin (BTC) has Now Announced it Will Make a $500 Million Purchase of a Surprise Altcoin!

As the adoption of Bitcoin continues to grow day by day, many large companies have started to acquire BTC, following in the footsteps of MicroStrategy.

At this point, the Nasdaq-listed fitness equipment manufacturer Interactive Strength (NASDAQ: TRNR) had also announced that its board of directors had approved the acquisition of up to 5 million dollars in Bitcoin.

This time, the giant company explaining the Bitcoin acquisition initiative made a surprise move of 500 million dollars for an altcoin.

Accordingly, the company announced that it will raise 500 million dollars to acquire FET and establish an artificial intelligence partnership with Fetch.ai.

The company announced that it has started acquiring FET tokens using the initial investment of 55 million dollars received from DWF Labs and ATW Partners.

Interactive Strength CEO Trent Ward said the following:

"Fetch. ai is a market leader at the intersection of the two most important technology trends of our time: artificial intelligence and crypto,

We believe that our strategy for acquiring a significant number of FET tokens can significantly accelerate our mission to create long-term value for TRNR shareholders.

The largest company listed in the US will have a crypto treasure focused on the Interactive Strength AI token as part of the agreement.

The announcement of FET treasury by Interactive Strength came amid a series of corporate treasury announcements adopting Bitcoin (BTC), Etheruem (ETH), Solana (SOL) and other cryptocurrencies, spurred by the successful example of the major bull Michael Saylor's company Strategy and favorable conditions in the US.