Tap Global completes its first Ethereum purchase for DAIS, with 50 ETH costing approximately £94,000.
60 minutes ago
London-listed crypto financial firm Tap Global Group (AIM: TAP) announced today it has completed its first Ethereum purchase under its Digital Asset Income Strategy (DAIS). The firm bought 50 ETH at an average price of roughly $2,497 per token, totaling £94,437.86, a nearly 50% discount from Ethereum’s all-time high of around $4,950. Tap Global stated that the ETH has been deployed via its proprietary yield product Tap Earn to generate returns, continuing its "buy and put to work immediately" model used after earlier purchases of Bitcoin and Solana. DAIS reserves currently include 3 BTC, 500 SOL, and 50 ETH, with a total cost of approximately £329,700 plus around $279,000 in stablecoins.
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