GM! #ethereum continues to gain mainstream traction and we're thrilled to be at the forefront of this movement. On June 10 Ether Capital shareholders will decide whether to transform the company into a staked ether ETF managed by Purpose Investments. Link to Management Information Circular https://lnkd.in/gPRk8QCT Link to Prelim prospectus https://lnkd.in/gbPZ38Jr Ether Capital Q1 2024 Highlights: Treasury: 46,274 Ether, 98% staked Asset value up 115% YoY to $227.4M, highest in 8 quarters! Revenue soared 52.5% to $1.8M, also a record high. Operating profit: $0.8M, a turnaround from last year's 1st quarter loss. As at May 13, 2024: #ether treasury was 46,352 total Ether and 33,034,320 shares issued and outstanding.
Ether Capital
Internet Publishing
Toronto, Ontario 1,978 followers
We believe Ethereum is a once-in-a-generation asset that will power the future of finance and the internet (Web3).
About us
Ether Capital (NEO: ETHC) is a leading technology company and direct access point to Ethereum through the capital markets. Our team is focused on yield generation and building institutional-grade infrastructure that supports the crypto industry.
- Website
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https://ethcap.co
External link for Ether Capital
- Industry
- Internet Publishing
- Company size
- 2-10 employees
- Headquarters
- Toronto, Ontario
- Type
- Public Company
- Founded
- 2018
- Specialties
- ETH, Yield Generation, and Infrastructure
Locations
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Primary
Get directions
130 Adelaide St W
31st Floor
Toronto, Ontario, CA
Updates
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🚀 Big Announcement! We're thrilled to share a significant update with our valued community. After a strategic review initiated in December, we've reached an agreement with Purpose to transition into an Ether staking ETF. This marks a major milestone for us! 🤝 A huge shoutout to the teams at Purpose Unlimited and Ether Capital for their dedication in reaching this milestone. 📈 Post-conversion, we anticipate that the ETF shares will trade at a market price closely aligned with the net asset value, similar to most ETFs. 📄 Stay tuned for more details in the upcoming management information circular and check out the press release below for further information. #EtherCapital #Purpose #ETF #Ether #Staking https://lnkd.in/gJ5FvGdW