Odaily Planet Daily News Fitness equipment manufacturer Interactive Strength said its board of directors has approved the allocation of up to $5 million to buy Bitcoin, with an upper limit of 25% of the company's average daily cash holdings in the past three months. Previously, the company said it planned to use Bitcoin as a reserve asset, saying that the cryptocurrency's "anti-inflation properties may make it a reliable asset with the function of storing value." Interactive Strength CEO Trent Ward said the move is in line with the company's strategy because Bitcoin continues to "receive attention and recognition from investors as a major asset class." In addition, Interactive Strength also plans to accept cryptocurrency payments, giving customers the option of using digital currency to purchase its fitness products, and these payments will also be retained in the form of Bitcoin, with the same restrictions as the allocation of treasury reserves. Influenced by this news, Interactive Strength's stock price soared 11.4%.

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