Interactive strength inc. (nasdaq: trnr) board of directors approves bitcoin as treasury reserve asset

The board of directors approved a maximum cumulative bitcoin purchase of up to $5 million the company plans to accept payment in digital currencies austin, tx / accesswire / november 21, 2024 / interactive strength inc. (nasdaq:trnr) ("trnr" or "the company"), maker of innovative specialty fitness equipment under the clmbr and forme brands, today announced that the company's board of directors approved the purchase of up to $5 million in bitcoin as limited by 25% of the company's average daily cash holdings over the three preceding calendar months. trent ward, co-founder and ceo of trnr, said: "as bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that bitcoin will serve as a strong treasury reserve asset.
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