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>>Treasure Global initiates an Ethereum treasury with an initial $176,000 purchase, targeting a $100 million deployment.

Treasure Global initiates an Ethereum treasury with an initial $176,000 purchase, targeting a $100 million deployment.

crypthub

about 7 hours ago

Digital Asset Treasury Launch

Treasure Global Inc. announced an Ethereum‑based treasury on May 7, starting with $176,000 in ETH. The plan can grow to $100 million, subject to market conditions. BitGo is the chosen custodian.

Strategic Reasoning

The Malaysian firm behind the ZCITY Super App, used by 2.7 million users, calls ETH a “complementary balance‑sheet strategy.” Ethereum was selected for its DeFi, stablecoin and tokenized‑asset roles. This treasury does not alter the core business.

Scale and Potential Returns

At $2,185 per ETH, $100 million would buy about 45,700 ETH, positioning TGL near mid‑size holders but below the top ten. Staking could yield roughly $2.7 million annually. Returns would rise as the treasury expands.

BitGo Custody Partnership

BitGo offers institutional cold storage with multi‑signature security for over 180 assets. The partnership boosts security, governance and resilience of TGL’s vault. BitGo recently added custodial services for regulated European managers.

Treasure Global initiates an Ethereum treasury with an initial $176,000 purchase, targeting a $100 million deployment.

Digital Asset Treasury Launch

Strategic Reasoning

Scale and Potential Returns

BitGo Custody Partnership

Treasure Global initiates an Ethereum treasury with an initial $176,000 purchase, targeting a $100 million deployment.