AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
1inch Doubles Down on ETH and WBTC, Invests $25M
Generated by AI AgentCoin World
Monday, Feb 3, 2025 10:08 am ET1min read
The 1inch team's investment fund has made a significant move, allocating an additional 15 million USDC to acquire 4032.1 ETH and 52.07 WBTC. This recent expenditure has cumulatively raised their total investment to over 25 million USDC in Ethereum (ETH) and Wrapped Bitcoin (WBTC). The fund notably invested 20.43 million USDC to acquire 7289.1 ETH at an average cost of $2804 per ETH. Furthermore, 5 million USDC was directed towards purchasing 52.07 WBTC, averaging $96,025 each.
This strategic investment comes amidst market movements, indicating the team's confidence in the long-term potential of both ETH and WBTC. The 1inch team's decision to allocate a substantial portion of their funds to these two cryptocurrencies suggests a bullish outlook on their future performance.
The 1inch Treasury has already spent over 25 million USDC acquiring ETH and WBTC. This significant investment highlights the team's commitment to the growth and development of the 1inch ecosystem. By acquiring a substantial amount of ETH and WBTC, the team is positioning itself to capitalize on potential market trends and opportunities.
The 1inch team's investment strategy aligns with the broader trend of institutional investors and high net worth individuals increasingly allocating a portion of their portfolios to cryptocurrencies. As the crypto market continues to evolve and gain mainstream acceptance, the 1inch team's investment in ETH and WBTC demonstrates their forward-thinking approach to capitalizing on emerging opportunities in the digital asset space.
Coin World
Quickly understand the history and background of various well-known coins
Latest Articles
XRP News Today: Vanguard Shifts Stance on Crypto ETFs, Citing Matured Markets and Demand
Dec.02 2025
Alphabet's AI Ecosystem Fuels Flywheel Growth, Propelling Stock 68% in 2025
Dec.02 2025
Striking Baristas Secure $38.9M in Restitution, But Contract Battles Brew On
Dec.02 2025
Bitcoin News Today: Bitcoin's RSI Signals Cyclical Reset as Market Waits for Fed's Decisive Move
Dec.02 2025
Corporate Strategies Test Balance Between Growth and Sustainability
Dec.02 2025
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet