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ETH Strategy Completes $46.5 Million Financing, 96% to be Used for ETH Staking and Protocol Liquidity
Summary: According to The Block, Ethereum asset management protocol ETH Strategy completed a financing of 12,342 ETH (approximately $46.5 million) before its launch. The funding sources include private pre-sale (6,900 ETH), public sale (1,242 ETH), and redeemable warrants (4,200 ETH). The protocol plans to use 96% of the funds raised for core business operations, including ETH ...
According to The Block, Ethereum asset management protocol ETH Strategy completed a financing of 12,342 ETH (approximately $46.5 million) before its launch. The funding sources include private pre-sale (6,900 ETH), public sale (1,242 ETH), and redeemable warrants (4,200 ETH).
The protocol plans to use 96% of the funds raised for core business operations, including ETH staking and providing protocol liquidity; the remaining funds will be used for development, security audits, and community building.
ETH Strategy utilizes a bond mechanism and on-chain quoting mechanism, aiming to provide users with a low-risk leveraged investment solution for Ethereum.
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Link: ETH Strategy Completes $46.5 Million Financing, 96% to be Used for ETH Staking and Protocol Liquidity [Copy]
