1inch Treasury's $25M USDC Bet on ETH and WBTC

The 1inch Treasury has spent over 25 million USDC acquiring ETH and WBTC, according to recent market movements. The investment fund associated with the 1inch team made a significant move on February 3rd, 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 amid market movements, indicating a bullish sentiment towards these cryptocurrencies.

This significant investment by the 1inch team highlights the growing interest in Ethereum and Bitcoin, despite recent market volatility. As the crypto market continues to evolve, strategic investments like this one can play a crucial role in shaping the future of the industry.