The company funded the expansion with a $25.5 million private placement, pricing American Depositary Shares at $10.45, a 5% discount to the three-day volume-weighted average.
Amber International issued 12,200,915 Class A ordinary shares, equal to 2,440,183 ADSs, to investors that include Pantera Capital, CMAG Funds, Mile Green, Choco Up, and Kingkey Financial International.
Management stated that the proceeds will be allocated entirely to the reserve, which supports on-chain liquidity, structured products, and grants tied to the six target networks.
CEO Wayne Huo said the reserve allows Amber Premium, the firm’s operating brand, to align with developers and liquidity venues on each blockchain while offering institutional clients broader hedging tools.
The program will publish periodic on-chain attestations that detail wallet balances and transfer history.
Amber already trades and lends Bitcoin and Ethereum on OTC desks. The additional assets extend those services to participants seeking diversification beyond the two largest digital assets.
Management expects the reserve to reach full deployment over several quarters, with allocation decisions based on network activity metrics and client demand patterns.
Amber International’s AMBR shares closed 6.7% lower at $8.60 on Nasdaq the same day the placement terms were released, leaving the company with roughly $779 million in equity value.
The share move occurred as digital asset equities, such as Riot Platforms’ and Coinbase’s, fell broadly and did not demonstrate a direct link to the reserve announcement.
Yet, the decline in Amber shares was sharp, crashing 15% within 30 minutes after opening and one hour after the announcement that it would add other altcoins to the treasury by diluting equity.
