MegaETH repurchased 4.75% of equity and Token warrants from early investors.

According to Foresight News, MegaETH announced the repurchase of 4.75% equity and token warrants from pre-seed round investors. The terms of the transaction (including total size, financing details, and valuation) have not been disclosed. The valuation for this buyback is higher than the valuation during the seed round financing, when MegaETH raised $20 million at a “nine-digit” token valuation (at least $100 million). When asked why some investors exited before the token issuance, MegaETH's founder stated, “We had some investors close their funds and tried to close all positions. With no secondary market, the MegaETH team is the only available buyer.”