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Ethereum asset management protocol ETH Strategy completes $46.5 million financing
According to Jinse Finance and The Block, the Ethereum asset management protocol ETH Strategy completed a funding of 12,342 Ether (approximately 46.5 million USD) before its launch. The sources of funds include private sale (6,900 Ether), public sale (1,242 Ether), and redeemable warrants (4,200 Ether). The protocol plans to use 96% of the raised funds for core business operations, including Ethereum staking and providing protocol liquidity; the remaining funds will be used for development, security audits, and community building. The ETH Strategy employs a bond mechanism and an on-exchange quoting mechanism, aiming to provide users with a low-risk Ether leveraged investment solution.