The Ethereum asset management protocol ETH Strategy has completed a $46.5 million financing, with 96% of the raised funds allocated for Ethereum staking and providing liquidity to the protocol

according to The Block, the Ethereum asset management protocol ETH Strategy has completed a funding round of 12,342 Ether (approximately $46.5 million) before its launch. The funding sources include private pre-sale (6,900 Ether), public sale (1,242 Ether), and redeemable warrants (4,200 Ether).

The protocol plans to allocate 96% of the raised funds for core business operations, including Ether staking and providing liquidity for the protocol; the remaining funds will be used for development, security audits, and community building.

ETH Strategy employs a bond mechanism and an over-the-counter quoting mechanism, aiming to provide users with a low-risk leveraged investment solution in Ether.