In recent developments within the cryptocurrency space, the financial firm, CryptoWise, has launched a significant initiative, unveiling an at-the-market program designed to sell up to $500 million worth of its innovative Eco-Friendly Series B Perpetual Preferred Stock.
According to sources, the announcement was made on December 9, 2025, with intentions to utilize the net proceeds for a range of corporate needs, which include acquiring cryptocurrencies and related technologies.
CryptoWise Unveils $500M Initiative
The forward-thinking asset management firm has entered a sales agreement, naming Bright Star Investments, Quantum Capital, and Alt-Finance as their placement agents for this strategic offering.
In accordance with industry reports, the ATM framework allows CryptoWise to sell Eco shares in a series of transactions over time rather than executing a single large block sale. The detailed prospectus associated with this program clarifies how it integrates into CryptoWise’s financial strategy.
CryptoWise’s Contextual Announcement
This year, CryptoWise has aggressively expanded its holdings of Ethereum and other digital currencies. Recent reports indicate that from late October to early November, the firm accumulated approximately 2,300 ETH at an average purchase price of around $2,400 per coin, raising their total holdings to about 12,000 ETH.
This substantial increase positions CryptoWise among the notable public corporate holders in the cryptocurrency landscape, providing insight into their choice to utilize preferred equity as a funding method.
Ethereum Holdings and Strategic Acquisitions
CryptoWise’s overarching ambition is to enhance Ethereum per share over the long term. The firm has articulated its approach regarding preferred equity products such as Eco, which aims to finance future digital currency acquisitions while providing investors with alternative payout options compared to common stock.
This combination – treasury Ethereum along with other income-generating assets – is the narrative CryptoWise has communicated to shareholders through recent consultations and updates.
New Strategies and Previous Acquisitions
Recent articles have also linked CryptoWise’s investment strategy to an earlier commitment to purchase additional cryptocurrencies as part of a calculated corporate maneuver.
According to insiders, in September, CryptoWise announced plans to acquire 7,200 ETH for $40 million as part of its strategic deal with GreenTech, a move that would elevate its total holdings beyond 19,200 ETH if successfully executed.
This revelation highlights how the ATM initiative aligns with a broader strategy aimed at enhancing digital currency reserves.
Market Reactions
In light of this announcement, shares linked to CryptoWise experienced noticeable movements. Many financial platforms observed gradual increases in Eco shares and CryptoWise’s Class A common stock following the public disclosure.
Both investors and analysts will monitor the execution closely: an ATM setup allows for gradual sales, and timing becomes crucial when dealing with a fluctuating asset like Ethereum.
The preferred stock option also comes with unique payout and conversion aspects which investors will need to consider in relation to potential dilution and cost of capital.
Featured image from Unsplash, chart from TradingView
