Ah, the world of digital assets, where surprises come in as often as the news of your aunt’s cat’s new hairstyle! Companies are straying from the usual Bitcoin treasury trend like a lost tourist in Paris, heading straight for Ethereum. Who would’ve thought? Oh wait, we all did. But now it’s official. 🥳
Ethereum, that DeFi-native darling, is basking in the spotlight, and no, it’s not a fleeting moment of glory. The clock ticks, and so does the momentum. We’re not saying there’s no slowdown, but as of now, we’re seeing no signs of one. It’s like the Energizer Bunny, but with more code and fewer batteries. ⚡
The Newcomer
Enter ETH Strategy, Ethereum’s very first autonomous treasury protocol, boldly striding into the DeFi world like it owns the place. It’s the MSTR of the DeFi universe, but with more autonomy and less of the usual corporate blah blah. It just raised 12,342 ETH ($46.5M) on X (you know, Twitter’s fancy new name) this summer! Talk about a summer fling that turned into something more serious. 💸
The pre-sale is now over, and they’ve done their best impression of a marathon, not a sprint. The on-chain protocol is coming soon—phases and all. 3 sources of funds raised: private sale, public sale, and puttable warrants. Warrants? Yep, you get the right to sell those shares back. Think of it like buying a concert ticket and having the option to return it later, but way fancier. 🎫
Here’s the breakdown: The private sale bagged 6,900 ETH, public sale raised 1,242 ETH, and the remaining 4,200 ETH came from those good ol’ warrants. They’re locking those tokens for 4-6 months after the token generation event. So, if you’re looking to touch them, you’ll have to wait, and we all know waiting is the real life lesson in patience. ⏳
The grand plan for the funds is as follows: 11,817 ETH (~$44.6 million) will be staked and put into liquidity, while the remaining 525 ETH (~$1.9 million) will be invested in growth and development. Simple, right? Just like trying to explain cryptocurrency to your grandma. 😅
Right now, ETH Strategy is chilling at number 21 on StrategicEthReserve. A respectable spot, wouldn’t you agree? They’re like the cool kid in class that nobody saw coming. 😎
From Bitcoin to Ethereum
And then there’s BTCS Inc., the OG Bitcoin mining company that made history by listing on the American Stock Exchange back in 2010. It’s like your granddad deciding to go for a jog after years of watching others do it. They’ve made a full-on pivot to Ethereum in 2025—because, why not? The times they are a-changin’. ⏰
Now, according to their filing with the SEC (because we all know that paperwork is the fun part of business), they’re planning to raise up to $2 billion by selling shares. That’s a lot of cash, folks. This isn’t just for fun, it’s for serious ETH acquisition. Think of it like buying a Lamborghini with a side of digital gold. 🚗💰
According to the S-3 filing, they’re authorized to issue 975 million shares of common stock, plus a little sprinkle of 20 million preferred stock shares. You know, just in case they want to get extra fancy. ✨
“We intend to use the net proceeds from the sale of the securities by us to provide additional funds for purchasing digital assets, working capital, and other general corporate purposes.”
Oh, and a fun little tidbit: BTCS is reselling 5 million common stock shares from previously issued convertible notes and warrants. If you can follow that, congrats—you’re ready to be an insider in this whole digital asset game. 📈
For now, BTCS is holding down the number 10 spot on StrategicEthReserve, like that person who always has their hand up in class. 🙋♂️
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2025-07-31 06:50