According to PANews, the Ethereum Treasury Protocol ETH Strategy has successfully raised 12,342 ETH, equivalent to approximately $46.5 million, in its pre-launch funding round. The protocol aims to offer leveraged exposure to Ethereum, with the STRAT token set to be listed on July 29 at 9 p.m. UTC+8 on Uniswap v4, featuring a single-sided liquidity pool.
The fundraising was conducted through three channels: a private sale that raised 6,900 ETH, a public sale that gathered 1,242 ETH, and an additional 4,200 ETH obtained through redeemable warrants. All investor tokens will be locked for four months and will be released linearly over two months following the token generation event.
ETH Strategy plans to allocate 11,817 ETH for core operations, including ETH staking and protocol liquidity supply. The remaining 525 ETH will be used for development, team compensation, and community activities. The protocol supports its funding through the issuance of convertible bonds and market issuance mechanisms similar to SharpLink and BitMine.