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

Avenir Group, Distributed Capital, Wanxiang Capital, and Meitu are spearheading a fundraising effort for ETH Treasury Company. The company is seeking $1 billion through private investment in public equity (PIPE) on CoinList Alpha. This funding will be facilitated by issuing warrants at a 1:1 ratio with an exercise price 50% above the issuance price. PIPE pricing is anticipated to reach approximately 0.88 times the net asset value (mNAV). Investors have until October 29th to make preliminary commitments, with payments due on October 31st, 2025. Accepted payment methods include USD and USDC. ETH payments are also an option if necessary.