Entreparticuliers, a French real-estate firm, saw the value of its stock rise by 800% after news broke that it was making a move to acquire Ethereum.
Buy Shares French Entreparticuliers, a public real estate company that announced it was converting to an Ethereum Treasury Company in the last week, saw its stock jump over 800%. The stock soared over 800% in just five days amid the announcement, boosting the company’s market value to around €23.44 million (about $25.78 million), up from roughly $1.35 million in January, an increase of more than 1,800%, per data from Google Finance.
It’s Monday press release, the company informed the market that it has launched a purchase program for an initial tranche of €1 million worth of Ethereum (ETH), a program financed by majority shareholder Stéphane Romanyszyn.
Entreparticuliers announced it was structuring a variety of financial instruments to help support the growth of its strategic Ethereum reserve. These financial instruments are aimed at financial professionals and professional investors. The company, and Romanyszyn specifically ruled out any possibility of a centralized Ethereum reserve. “use of excessively dilutive instruments such as equity lines.”
Entreparticuliers said its further capital contributions are subject to approval at the general meeting on June 18, with resolutions covering up to €150 million in funding.
Founded in 2000 by Stéphane Romanyszyn, Entreparticuliers has historically operated as a real estate search platform since its listing on Euronext Growth in 2007. Platform allows private buyers, sellers, and renters to connect directly without the need for intermediaries.
It is part of an overall transformation. According to the company, separate It’s shifting to a crypto-centric website “from a real estate platform to a pioneer in digital finance, real estate tokenization, and asset management.” The company markets its own products as a means to make money “simple and regulated exposure to Ethereum through a publicly listed stock on Euronext Growth.”
This new focus seems to be on ETH investing, staking tools, and creating tokenization for assets in the real world like bonds, real estate, and other real assets.
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Source: crypto.news
