Mentioned as an example of an ETH treasury company that was trading at a discount to the net asset value of the ETH it holds, which could present a value opportunity.

This is the current, investable ticker for a company offering pure-play exposure to an actively managed ETH strategy. The strategy aims to maximize yield through staking and DeFi, positioning it as superior to passive ETFs.

Raised $1.5 billion to build an Ethereum treasury, with $800 million earmarked for ETH purchases. It is part of the major 'Treasury Company' investment theme.