Ethereum Treasury Protocol ETH Strategy Raises Over $46 Million
BlockBeats News, July 29 — According to The Block, ETH Strategy, a treasury accumulation protocol designed to provide leveraged exposure to Ethereum, raised 12,342 ETH (approximately $46.5 million) in pre-launch funding.
This round of fundraising was completed through three different channels, targeting various types of investors. The private placement phase raised 6,900 ETH, the public sale raised 1,242 ETH, and an additional 4,200 ETH was raised through redeemable warrants. STRAT tokens were issued at different prices for each investment category. 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 ETH for core protocol operations, including Ethereum staking and providing protocol liquidity. The remaining 525 ETH will be allocated to protocol development and growth activities, covering operational expenses, security audits, team compensation, and community projects.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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