Intchains Group Limited announced an update on its Ethereum (ETH) activity and holdings, revealing a significant increase in its digital asset reserves. Between September 30, 2024, and November 28, 2024, the company acquired approximately 915.3 ETHs.
These ETH purchases were made for approximately RMB20.7 million (US$2.9 million) in cash, at an average price of approximately RMB22,626 (US$3,123) per ETH, inclusive of fees and expenses. The acquisitions were funded using the company's cash flows.
As of November 28, 2024, Intchains Group, along with its subsidiaries, held an aggregate of approximately 5,066.6 ETHs. The total aggregate purchase price for these holdings was approximately RMB107.0 million (US$14.8 million), with an average purchase price of approximately RMB21,117 (US$2,914) per ETH.
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