Ethereum-native treasury protocol ETH Strategy has successfully raised $46.5 million in presale funding. The capital raise brought in 12,342 ETH across private (6,900 ETH), public (1,242 ETH), and warrant-based (4,200 ETH) offerings, marking the end of the project’s prelaunch phase.
The team confirmed the news via X, saying this milestone sets the stage for the phased rollout of its core DeFi infrastructure. Of the funds raised, 11,817 ETH will go toward ETH staking, liquidity provisioning, and protocol operations. The remaining 525 ETH will fund development, audits, compensation, and community incentives.
The STRAT token is set to launch at 9:00 a.m. ET on Tuesday via Uniswap v4. A unique single-sided pool with an At-The-Money (ATM) mechanism will be used to stabilize earnings per share (EPS), enhancing the protocol’s capital efficiency.
ETH Strategy aims to offer leveraged ETH exposure without the risk of margin liquidations or volatility decay. It plans to use protocol-convertible debt and at-the-market (ATM) offerings to achieve this.
Elsewhere in the Ethereum ecosystem, BTCS Inc. expanded its reserves to 70,028 ETH, while a HashKey Capital-linked wallet deposited 12,000 ETH to a CEX, signaling broader ETH accumulation trends.
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