Amber Unveils $100M Crypto Reserve Plan, Seeks to Invest in XRP, Bitcoin, and Fuel Institutional Crypto Adoption
Leading crypto finance company Amber International has announced plans to launch a $100 million crypto ecosystem reserve for XRP, Bitcoin, and other blockchain projects.
The company unveiled its crypto reserve initiative in a press release today. According to the announcement, this reserve differs from other companies’ existing crypto treasury holdings.
Reason for the Reserve
It emphasized that the reserve would be deployed to solidify its leadership at the crossroads of decentralized (DeFi) and traditional finance (TradFi).
In addition, Amber will use part of the $100 million fund to support high-impact blockchain projects boasting enormous potential. The company will use its AI-powered decision tool to determine which…
