ETH Strategy has raised $46.5 million (12,342 ETH) to become Ethereum’s first MicroStrategy-style treasury protocol.
The DeFi protocol will deploy 11,817 ETH into staking operations and liquidity pools, while reserving 525 ETH for development and team expenses.
DeFi’s First ‘MicroStrategy Clone’ Secures 12,342 ETH in Multi-Tier Raise
On July 27, the development team revealed that the funding was obtained via three distinct channels, each designed to attract different investor categories.
The private presale component generated 6,900 ETH, the public offering contributed 1,242 ETH, and an additional 4,200 ETH was secured through puttable warrant instruments.
Each funding tier provided STRAT tokens (ETH Strategy’s native token) at different pricing structures, with all participants bound by a four-month lock-up period followed by a two-month gradual release mechanism beginning at the token generation event scheduled for July 29th at 1 PM UTC.
Through the implementation of long-term convertible debt instruments, ETH Strategy allows participants to bond digital assets in return for leveraged Ethereum exposure while maintaining downside protection via convertible securities.
This approach provides a secure and transparent method to capitalize on ETH price movements without facing conventional risks such as margin calls or volatility erosion.
Per details on the ETH strategy website, treasury-held ETH is strategically distributed across multiple staking platforms and integrated into STRAT/ETH lending protocols, ensuring continuous yield generation from the underlying assets.
Unlike MicroStrategy’s traditional finance approach, ETH Strategy democratizes access to the STRAT investment strategy, demonstrating the democratizing potential of decentralized finance and smart contract technology.
Corporate Giants Hoard 460,000+ ETH: $4,000 Target in Sight?
The ETH Strategy launch aligns with recent findings from Animoca Brands indicating that publicly traded companies are increasingly incorporating alternative cryptocurrencies like Ethereum into their treasury management strategies, strengthening expectations that ETH could surpass the $4,000 threshold in the near term.
Notably, on July 8, NASDAQ-listed Bit Digital completed its strategic pivot toward becoming an Ethereum treasury entity, liquidating 280 Bitcoin and deploying $172 million in new capital to acquire over 100,000 ETH tokens.
Similarly, SharpLink Gaming, Inc. (NASDAQ: SBET), backed by Joseph Lubin and currently the world’s largest corporate Ethereum holder, continued expanding its cryptocurrency treasury during the week of July 14-20, 2025, with the company’s ETH holdings reaching 360,807 tokens.
Current Polymarket predictions assign a 49% probability that ETH will reach $4,000 before the end of July.
Technical analyst Ali Charts noted that while considerable excitement surrounds Ethereum, a genuine breakout above the $4,000 level would likely propel ETH to unprecedented heights.
Technical Analysis: Critical $3,507 Level Holds, Next Stop $4,110?
From a technical perspective, Ethereum’s 4-hour chart displays a consolidation pattern following a robust bullish movement from the 1-hour demand zone, which originated near the $3,100–$3,200 range and peaked around the $3,850 swing high.
Following this upward movement, the price has entered a sideways trading pattern, establishing multiple 4-hour swing points within a defined channel structure.
Presently, ETH trades around $3,827 after experiencing minor resistance near the $3,860 level. The price maintains support above the critical $3,507 threshold, which corresponds to a previous swing low and potential demand area.
Source: TradingViewShould this support level hold, the chart structure suggests a potential bullish continuation where price could establish a higher low and resume its upward trajectory toward the $4,110 resistance zone.
The Relative Strength Index currently sits at 55.19, positioned near neutral territory, suggesting additional upside potential before bullish momentum reaches overextended levels.
Based on this technical setup, the price structure favors continued upward movement provided ETH sustains levels above $3,507, with a projected bullish target near $4,110.
However, a decisive break below $3,507 would negate the bullish outlook and could initiate a more substantial price correction.
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