Ether Capital
Ether Capital is a public technology company focused on Ethereum staking, yield generation, and providing direct access to the Ethereum ecosystem, with a significant amount of staked Ether and a unique self-custody model.
Company Overview
Ether Capital is a public technology company that provides direct access to the Ethereum ecosystem through Ethereum staking and yield generation. Founded in 2018, Ether Capital stands out as the first direct access point to Ethereum in the public markets. The company aims to internalize operations with custom-built intellectual property (IP) and to increase its staking exposure to a target of more than 95% of its Ether balance.
Services
Ether Capital focuses on Ethereum staking and yield generation. The company provides a unique self-custody model to mitigate centralization risks, such as hacks and theft. Additionally, Ether Capital offers a staking dashboard that is open to beta testing. This dashboard enables users to track rewards, monitor validator uptime, and oversee multiple staking operations. The design of the dashboard aims to ensure transparency in staking operations and financial data.
Financial Performance
As of March 14, 2024, Ether Capital reported $5.2M in revenue for 2023. The company's total Ether balance was 46,203 ETH, with a value of CAD $239.9M. Of this amount, 45,408 ETH was staked, valued at CAD $235.8M, while the unstaked Ether balance was 795 ETH, valued at CAD $4.1M. Ether Capital's staking yield stood at 3.84%, and its cash and cash equivalents were valued at CAD $1.06M.
Milestones
Ether Capital became the first public company globally to stake a significant amount of Ether in December 2021. As of the latest data, they have staked 36,000 Ether. The company's corporate structure allows for greater flexibility to engage in on-chain developments. Key ambitions include growing its asset base and maximizing the productivity of its Ether by aiming to stake over 95% of its Ether balance.
Headquarters
Ether Capital is headquartered at 130 Adelaide Street West, Toronto, Ontario M5H 3P5. This location serves as the central hub for the company's operations and strategic initiatives within the Ethereum ecosystem.