Oct. 26 at 10:52 PM
$TRNR Supposed timeline of Events Mid-June 2025: Interactive Strength Inc. (TRNR) announces a
$500M crypto treasury strategy to acquire Fetch.ai’s
$FET.X tokens, partnering with Fetch.ai to integrate AI into fitness devices (e.g., CLMBR, FORME). The initial
$55M tranche closes with funding from ATW Partners and DWF Labs, supported by a
$50M cash loan from Fetch.ai to DWF Labs and TRNR for open-market FET purchases. A 125M FET backstop (~
$100M at
$0.80) is custodied at BitGo to secure the loan, with a trigger at <
$0.45 FET price to protect guarantors (DWF). This deal is undisclosed to Ocean Protocol pre-ASI merger, sparking later FUD.
June-August 2025: TRNR accumulates 67.4M FET at an average buy price of
$0.70 (
$47.2M), funded by the
$50M loan and equity draws.
October 9, 2025: Ocean Protocol exits the ASI Alliance, triggering initial FET pressure (dip to ~
$0.53) and revelations of ~286M FET from a July 1 OCEAN swap dumped to exchanges.
