Ethereum Treasury Protocol ETH Strategy Completes Over $46 Million Fundraising
BlockBeats News, July 29th, according to The Block, the ETH Strategy treasury accumulation protocol, aimed at providing Ethereum leverage exposure, raised 12,342 Ethereum (approximately $46.5 million) in a pre-launch funding round.
This funding round was completed through three different channels, targeting different types of investors. The private sale phase raised 6,900 Ethereum, the public sale raised 1,242 Ethereum, and an additional 4,200 Ethereum was raised through redeemable warrants. All investment categories were issued STRAT tokens at different prices, and investors are subject to a four-month lock-up period, followed by a two-month linear release starting from the token generation event.
ETH Strategy plans to use 11,817 of the Ethereum for core protocol operations, including Ethereum staking and protocol liquidity provision. The remaining 525 Ethereum will be used for protocol development and growth activities, covering operational costs, security audits, team compensation, and community projects.
You may also like

Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP

What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?

SIREN, another leveraged scam

Token has become extremely popular, and the blockchain is very sad

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

