Intchains Group Limited Announces Updates To Its ETH Activity And Holdings; Says During The Period Between September 30, 2024 And November 28, 2024, Co Acquired ~915.3 ETHs For ~$2.9M In Cash, At An Average Price Of ~$3,123 Per ETH, Inclusive Of Fees And Expenses; The ETH Purchases Were Made Using Cash Flows
Intchains Group Limited (NASDAQ:ICG) ("we," or the "Company"), an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of high-performance computing ASIC chip products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications, today announces updates to its ETH activity and holdings.
During the period between September 30, 2024 and November 28, 2024, the Company acquired approximately 915.3 ETHs 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 ETH purchases were made using our cash flows.
As of November 28, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 5,066.6 ETHs, which were acquired at an aggregate purchase price of approximately RMB107.0 million (US$14.8 million) and an average purchase price of approximately RMB21,117 (US$2,914) per ETH, inclusive of fees and expenses.
