ETH Treasury Company Secures $1 Billion Through PIPE on CoinList Alpha

The ETH Treasury Company, a venture backed by Avenir Group, Distributed Capital, Wanxiang Capital, and Meitu, is raising over $1 billion through a Private Investment in Public Equity (PIPE) offering on CoinList Alpha. The company is issuing warrants at a 1:1 ratio with an exercise price 50% above the issuance price. The PIPE pricing is anticipated to be roughly 88% of the net asset value (mNAV). Investors have until October 29th to make preliminary commitments, with payment deadlines set for October 31st, 2025. Accepted payment methods include USD and USDC, allowing for ETH payments if required.