Ethereum News Today: ETH Strategy Secures 12,342 ETH as BTCS Shifts to Ethereum Play

The crypto market is witnessing a growing shift from Bitcoin to Ethereum, with two major players—ETH Strategy and BTCS Inc.—pursuing new strategies centered around Ether. ETH Strategy, an Ethereum-based decentralized autonomous treasury protocol inspired by Michael Saylor’s approach with MicroStrategy, has raised 12,342 ETH ($46.5 million) through a pre-sale launch. The funding comes from three sources: 6,900 ETH from private sales, 1,242 ETH from public sales, and 4,200 ETH from puttable warrants. Tokens will be locked for 4–6 months after the token generation event (TGE). The raised capital will be allocated to staking and liquidity (11,817 ETH or ~$44.6 million) and protocol growth and development (525 ETH or ~$1.9 million) [1].

Currently, ETH Strategy is ranked 21st on StrategicEthReserve, highlighting the increasing interest in Ethereum-based treasury models. This trend is further reflected in the strategic pivot of BTCS Inc., a crypto company that transitioned from a Bitcoin-focused firm to an Ethereum treasury operator. The company, listed on the American Stock Exchange in 2010 and NASDAQ in 2014, has filed with the SEC for a $2 billion equity offering to fund further digital asset purchases, including Ethereum [1].

According to its S-3 prospectus, BTCS is authorized to issue up to 975 million common shares and 20 million preferred shares, with 5 million common shares to be resold from prior convertible note and warrant issuances. The proceeds will be used for digital asset purchases, working capital, and general corporate purposes. BTCS is currently ranked 10th on StrategicEthReserve, reflecting the broader industry movement toward Ethereum-based strategies [1].

The shift from Bitcoin to Ethereum is being driven by Ethereum’s DeFi-native infrastructure and growing utility, which is challenging the dominance of Bitcoin in treasury and institutional investment discussions. While the long-term sustainability of this trend remains to be seen, the current momentum suggests that Ethereum is gaining traction in the institutional and treasury investment space.

Source: [1] Big Ether Moves: ETH Strategy Attracts 12K ETH, BTCS ... (https://cryptopotato.com/big-ether-moves-eth-strategy-attracts-12k-eth-btcs-plans-2b-fundraise/)