Amber International A-shares fell 6.7% after adding $100 million reserve fund for Sui, XRP, BNB

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Amber International announced on July 3 that they will invest in Sui, XRP, and BNB as part of a 100 million USD Cryptocurrency Ecosystem Reserve Fund. The company raised 25.5 million USD through private issuance, with the price of American Deposit Shares (ADS) at 10.45 USD, falling 5% compared to the three-day average.

They issued 12,200,915 Class A shares to investors such as Pantera Capital and CMAG Funds. The funds raised will be allocated to the reserve fund, on-chain liquidity support, and structured products.

AMBR stock fell 6.7% to 8.60 USD on Nasdaq on the announcement date. The sharp decline of 15% in the 30 minutes following the opening indicates a negative market reaction to the announcement of the treasury expansion.

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