TORONTO – (BUSINESS WIRE) –$ETHC–Ether Capital Corporation (“Ether Capital” or “the Company”) (NEO: ETHC) is pleased to announce it has committed 8,000 Ether (C$18.1 million equivalent) to Ethereum Staking, which is in addition to the 7,488 Ether the Company Staked in January 2023. In total, Ether Capital has Staked 36,000 Ether (C$81.4 million equivalent), representing 79.4 per cent of its portfolio.
Staking Ether is a core part of the Company’s three-pronged strategy: To continue being a net accumulator of Ether, Stake the majority of the Company’s Ether balance to generate yield (Staking Rewards), and use a portion of the revenue generated from Staking to build institutional-grade infrastructure that supports the Ethereum ecosystem.
“We view Staking as the most reliable way to generate yield in the space and create additional value for our shareholders,” said Brian Mosoff, CEO of Ether Capital. “When individuals or companies Stake ETH, they are making a commitment to help secure the network and validate future transactions that take place on Ethereum. This is a protocol we believe will one day act as a primary settlement layer for the global economy and support trillions of dollars of activity. Our goal has always been to stake as much Ether as possible and put our weight behind Ethereum as the number one platform of choice for user and developer activity.”
Ether Capital will continue to monitor developer progress when it comes to Ethereum upgrades and will update the market if it decides to stake more of its Ether balance.
The Company is also pleased to announce that Brett Bergmann will be advising the Management Team on technical strategy and execution over the coming months. Mr. Bergmann has several years of experience in the crypto industry and was part of the initial team that designed the Company’s multi-signature wallet in 2018. Shayan Eskandari will be stepping down from the role of Chief Technical Officer as of March 7, 2023. Mr. Eskandari joined Ether Capital in fall 2021 to assist with developing technical infrastructure that allowed the Company to build out its operating businesses. Since that time, Ether Capital has expanded technical resources, become one of the first public companies in the world to stake Ether and will continue developing in-house products to further bolster the Ethereum ecosystem. Mr. Eskandari is planning to return to academia and focus on his PhD. The Company thanks him for his contributions and wishes him well on his next chapter.
Apie Ether Capital Corporation
„Ether Capital“ (NEO: ETHC) yra viešoji technologijų įmonė, kurios ilgalaikis tikslas – tapti pagrindiniu Ethereum ekosistemos verslo ir investicijų centru. Bendrovė didžiąją savo balanso dalį investavo į Ethereum vietinį naudingumo žetoną „Ether“, kaip pagrindinį strateginį turtą ir pajamas generuojančią priemonę. Bendrovė orientuojasi į finansinę infrastruktūrą, kuri palaiko Ethereum blokų grandinę ir teikia įmonės vertę. „Ether Capital“ valdymo komandą ir direktorių tarybą sudaro kriptovaliutų atstovai, pirmaujantys rizikos kapitalistai ir tradicinių finansų ekspertai, o tai išskirtinai padeda bendrovei nustatyti ir išnaudoti galimybes skaitmeninio turto ekosistemoje. Norėdami gauti daugiau informacijos, apsilankykite http://ethcap.co.
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Kontaktai
Brianas Mosoffas
Vyriausiasis vykdomasis pareigūnas
Ianas McPhersonas
Prezidentas ir vyriausiasis finansininkas
Ashley Stanhope
Direktorius ryšių
Source: https://thenewscrypto.com/ether-capital-corporation-allocates-an-additional-18-million-to-ethereum-staking-and-announces-changes-to-its-technical-team/