Ethereum Treasury Protocol ETH Strategy Completes Over $46 Million Fundraising

On July 29th, as reported by The Block, the ETH Strategy treasury accumulation protocol, which is designed to offer Ethereum leverage exposure, managed to raise 12,342 Ethereum (approximately $46.5 million) during a pre-launch fundraising round. This fundraising round was completed through three distinct channels, with the aim of attracting different types of investors. In the private sale phase, 6,900 Ethereum was raised. The public sale raised 1,242 Ethereum. Additionally, 4,200 Ethereum was obtained through redeemable warrants. All investment categories were issued STRAT tokens at varying prices, and investors are required to adhere to a four-month lock-up period, followed by a two-month linear release starting from the token generation event. ETH Strategy intends to utilize 11,817 of the Ethereum for core protocol operations, such as Ethereum staking and protocol liquidity provision. The remaining 525 Ethereum will be allocated for protocol development and growth activities, covering operational expenses, security audits, team compensation, and community projects.