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Big Ether Moves: ETH Strategy Attracts 12K ETH, BTCS Plans $2B Fundraise
The crypto market has seen a significant shift in the past few months, with many companies and investors turning their attention to Ethereum (ETH) as an alternative to Bitcoin. This trend shows no signs of slowing down, as new developments emerge that further solidify ETH’s position as a top choice for investment.
One such development is the remarkable success of ETH Strategy, which has raised a staggering 12,342 ETH ($46.5 million) in its pre-sale launch. This unprecedented move marks a significant milestone for the company and highlights the growing interest in Ethereum-based assets.
For those unfamiliar, ETH Strategy is a DeFi-native protocol designed to reimagine Michael Saylor’s MSTR treasury strategy in a decentralized finance context. The impressive $46.5 million figure comes from a combination of private sale, public sale, and puttable warrants – a testament to the faith investors have placed in this innovative project.
According to reports, the tokens will be locked for 4-6 months following the token generation event (TGE). Following this lock-up period, they will be used for staking and liquidity purposes, as well as supporting protocol growth and development.
Source: cryptopotato.com
