CandleFocus Ethereum MicroStrategy clone has shaky start, sends 165 ETH to wrong address
2025-01-31
Author: Content Editor
The Ethereum-based project Ether Strategy, which aims to replicate MicroStrategy's $86 billion bitcoin bet, has experienced a mishap with its UI that sent 165 ether deposits to the wrong contract. However, the funds have since been recovered and transferred to the correct deposit contract. The project's website shows only a small portion of its ETH cap has been filled so far, despite claims of receiving many precommitments. Some users suspect the issue may be related to the rushed launch and the use of a deposit address from the testnet phase. The rush to launch comes as other similar projects have announced their intentions to rebuild MicroStrategy's system, and as ETH holders have become more vocal about the asset's underperformance.
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