ETH Strategy Raises $46.5M to Offer Leveraged ETH Gains Without Liquidations

ETH Strategy raises $46.5M to offer leveraged ETH exposure without margin risks or volatility-driven losses.

Fridah Kangai
July 30, 2025
1:36 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

ETH Strategy removes margin risks with treasury-based leveraged exposure.
$46.5M raised through presale, public sale, and warrants combined.
STRAT token to launch with Uniswap v4 single-sided pool.

ETH Strategy has successfully secured 12,342 ETH, worth around $46.5 million, ahead of its token launch. The treasury-focused protocol aims to deliver leveraged Ethereum exposure while removing the usual risks tied to margin trading.

The organizers separated the fundraising into three different channels to cover different investor types. An exclusive presale collected 6,900 ETH, and a public offering attracted 1,242 ETH. The company issued another 4,200 ETH as puttable warrants, giving investors the possibility of redemption under certain conditions.

We are excited to share that ETH Strategy has raised a total of 12,342 ETH ($46.5M) to date.

This concludes our prelaunch raise and marks the beginning of our phased rollout for the protocol.

A summary of the raise and use of funds are detailed below. pic.twitter.com/Pnvi6BZEJS
— ETH Strategy (@eth_strategy) July 27, 2025

The project issued investors various entry prices, and assigned a four-month lock-up period on STRAT tokens for each category. The team will release the tokens linearly over two months, beginning with the token generation event.

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Protocol Targets Safer ETH Leverage Through Treasury-Backed System

Out of the raise, all 11,817 ETH will be directed at major protocol functioning, such as staking on Ethereum and providing liquidity. The rest of the ETH, 525 ETH, will be used for overheads, development, workforce remuneration, audits, and community-oriented projects.

The team said on Twitter that the launch of the STRAT tokens will take place at 9:00 a.m. ET on Tuesday. Liquidity will be deployed through a single-sided pool on Uniswap v4. Entry points will be controlled by an at-the-market mechanism, which will facilitate the decrease of volatility.

ETH Strategy aims to give users exposure to ETH in a treasury-based approach that does not carry the typical risks associated with leveraged positions. The platform uses the same strategy as its prior convertible trading strategy by offering protocol convertible debt through bonding. There is also an ATM model of that system, like that used by SharpLink and BitMine.

This translates to the fact that, compared to conventional methods of leverage, the protocol removes the fear of margin calls and the fear of squeezes. Instead, it utilizes a self-contained treasury to ensure stability in exposure and funding.

The large increase in ETH Strategy and unusual structure indicate an expanding interest in safer leveraged exposure to Ethereum. As the launch of the token approaches, the project is gaining a niche as an alternative to margin-based systems.

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