Ethereum
$241.34 0.49%
ETH · 18w

Ether Capital Corporation

There is a company called Ether Capital Corporation listed on the NEO Exchange that invests solely in Ethereum-related projects. Here is their website: https://www.ethcap.co Here is their wallet: https://etherscan.io/address/0x74fea5583d51dc763a303609f4164b929e454af7 They bought 42,587 ETH with $37.6 million CAD ($687 USD per ETH) representing 90% of their capital. They are currently trading at $2.11 CAD https://www.bloomberg.com/quote/ETHC:CN Right not it appears that they are trading higher than their book value but they are so thinly traded that in an ETH bull run the value of their ETH might go up faster than their market cap on NEO. The severity of this could be exacerbated by a bull run at night since they wouldn't be open to trade. Is anyone watching this one? The CEO of OMERS Ventures (https://en.wikipedia.org/wiki/OMERS) one of the largest pension funds in Canada is part of their leadership team.
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