Intchains Group Limited Accelerates ETH Accumulation and Staking Strategy

Intchains (Nasdaq: ICG) updated its ETH accumulation and staking strategy on Feb 24, 2026, reporting ~9,070 ETH held and 2,600 ETH staked as of Feb 23, 2026.

Rhea-AI Summary

Intchains (Nasdaq: ICG) updated its ETH accumulation and staking strategy on Feb 24, 2026, reporting ~9,070 ETH held and 2,600 ETH staked as of Feb 23, 2026. The company cited a disciplined DCA purchase approach, a July 2025 FalconX collaboration, and a Dec 2025 $1.3M acquisition of Goldshell Stake.

Intchains reported an aggregate ETH investment of ~RMB166.5 million (US$23.7 million) at an average purchase price of RMB18,352.7 (US$2,611.1) per ETH.

Positive

• ETH treasury of ~9,070 ETH (~US$23.7M) held as of Feb 23, 2026
• 2,600 ETH staked to generate yield across FalconX and Goldshell Stake
• $1.3M acquisition completed in Dec 2025 to operate Goldshell Stake platform

Negative

• Treasury concentration: ~9,070 ETH equates to ~US$23.7M of crypto exposure
• 2,600 ETH staked reduces immediately liquid ETH available in the treasury

Argus Feb 24 session

+1.53% close to close Open Argus

Details

News Market Reaction – ICG

In the Feb 24 session, ICG gained 1.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a more mature ETH treasury and staking framework, with 9,070 ETH held and ...

Analysis

This announcement details a more mature ETH treasury and staking framework, with 9,070 ETH held and 2,600 ETH staked via FalconX and the Goldshell platform. It builds on earlier moves to acquire a PoS infrastructure asset and deploy ETH into yield-generating strategies. Investors may track future disclosures on staking yields, treasury sizing versus core operations, and how upcoming earnings on Feb 26, 2026 contextualize this crypto exposure.

Key Figures

ETH holdings: 9,070 ETH Aggregate ETH investment: RMB166.5M Aggregate ETH investment: US$23.7M +5 more

ETH holdings

9,070 ETH

ETH held in treasury as of Feb 23, 2026

Aggregate ETH investment

RMB166.5M

Total ETH purchase cost including fees

Aggregate ETH investment

US$23.7M

Total ETH purchase cost including fees

Average ETH cost

RMB18,352.7

Average purchase price per ETH including fees

Average ETH cost

US$2,611.1

Average purchase price per ETH including fees

ETH staked total

2,600 ETH

Total ETH staked on FalconX and Goldshell platforms

ETH staked on FalconX

1,000 ETH

ETH staked via FalconX platform

ETH staked on Goldshell

1,600 ETH

ETH staked on proprietary Goldshell Stake platform

Historical Context

5 past events · Latest: Feb 12

5 events

1. Feb 12

   Earnings date notice

   24h Move

   -6.2%

   Announcement of Q4 and full-year 2025 results release and conference call.

2. Nov 25

   Investor conferences

   24h Move

   +10.5%

   Participation in two December 2025 investor conferences to engage shareholders.

3. Nov 13

   Q3 2025 earnings

   24h Move

   -6.5%

   Q3 2025 results with revenue down 84.8% YoY despite crypto fair‑value gains.

4. Nov 13

   PoS acquisition

   24h Move

   -6.5%

   Definitive agreement to acquire a proof‑of‑stake technology platform for $1.3M.

5. Oct 30

   Results date & call

   24h Move

   -10.7%

   Scheduled Q3 2025 results release and conference call/webcast details.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

dollar-cost averaging, DCA, Proof-of-Stake, staking, +1 more

5 terms

dollar-cost averaging financial

"Intchains’ ETH treasury strategy follows a disciplined dollar-cost averaging (DCA) approach..."

A strategy of investing a fixed dollar amount at regular intervals into the same investment, regardless of its price, which spreads purchases across highs and lows and lowers the risk of mistiming the market. It matters to investors because it encourages disciplined saving, smooths out the average purchase price over time, and reduces emotional decisions — like buying a slice of pizza every week so you don’t try to pick the single cheapest day to shop.

View in glossary

DCA financial

"follows a disciplined dollar-cost averaging (DCA) approach, allocating capital..."

Dollar-cost averaging (DCA) is an investing method where you put a fixed amount of money into a security or fund at regular intervals, regardless of its price. It matters to investors because it reduces the risk of trying to time the market and smooths out the effect of price swings, helping build a position gradually—like buying a little of something each week so your average purchase price isn’t tied to one single moment.

Proof-of-Stake technical

"operation of a Proof-of-Stake (“PoS”) cryptocurrency staking platform..."

A proof-of-stake system is a way a cryptocurrency network decides who can add new records to its shared ledger by selecting participants based on how many tokens they hold and commit as collateral, rather than on who can solve hard math puzzles. For investors this matters because it affects returns and risks — staked tokens can earn steady fees or rewards like interest, while the system’s energy use, speed, and rules for slashing or locking tokens influence value, liquidity, and regulatory scrutiny.

staking technical

"initiated ETH staking activities to generate incremental returns from treasury assets."

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

View in glossary

prime brokerage financial

"FalconX since July 2025, the largest digital asset prime brokerage for institutional investors..."

A prime brokerage is a bundle of front- and back-office services provided by large financial firms to professional investors such as hedge funds; it includes safekeeping of assets, trade execution, margin financing, securities lending and operational support. Think of it as a one-stop backstage team that supplies muscle, credit and logistics so active investors can trade more efficiently and with leverage—information that matters to investors because the choice of prime broker affects funding costs, counterparty risk and a fund’s ability to operate smoothly.

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Holds of Over 9,000 ETH-based Cryptocurrencies and Staked 2,600 ETH as of February 23, 2026

SINGAPORE, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we” or the “Company”), a company engaged in the provision of altcoin mining products, and delivery of Web3 infrastructure services via the strategic acquisition and holding of Ethereum-based cryptocurrencies, and operation of a Proof-of-Stake (“PoS”) cryptocurrency staking platform, today provided an update on its Ethereum (“ETH”) accumulation and staking activities.

Accelerating ETH Accumulation and Staking Strategy
Intchains’ ETH treasury strategy follows a disciplined dollar-cost averaging (DCA) approach, allocating capital at regular intervals to steadily accumulate ETH over time. The Company believes this approach mitigates the impact of short-term ETH price volatility while gradually building a treasury positioned for potential long-term appreciation.

In parallel, the Company has initiated ETH staking activities to generate incremental returns from treasury assets. Key milestones include:

• FalconX Collaboration (July 2025): Intchains has been partnering with FalconX since July 2025, the largest digital asset prime brokerage for institutional investors, to optimize ETH acquisition and generate yield by staking ETH holdings on the FalconX platform, producing interest income.
• Goldshell Stake Acquisition (December 2025): Intchains entered into a definitive agreement to acquire a PoS technology platform for $1.3 million, with the acquisition completed in December 2025. The platform now operates as a core segment under the Goldshell Stake brand, offering cryptocurrency staking services to individual and institutional investors across four leading blockchains: Ethereum (ETH), Avalanche (AVAX), Manta (MANTA), and Conflux (CFX). Intchains has begun staking a portion of its ETH treasury on the Goldshell Stake platform.

ETH Holding and Staking as of February 23, 2026: Over 9,000 ETH Held in Treasury, 2,600 ETH Actively Staked on FalconX and Goldshell Stake Platforms

Following this strategic accumulation, as of February 23, 2026, the Company held approximately 9,070 ETH. The Company’s ETH holdings represent an aggregate investment of approximately RMB166.5 million (US$23.7 million) at an average purchase price of RMB18,352.7 (US$2,611.1) per ETH, inclusive of fees and expenses, further reinforcing the Company’s position as one of the leading ETH treasury holders among publicly traded companies globally.

As of February 23, 2026, the Company had staked a total of 2,600 ETH, with 1,000 ETH staked on the FalconX platform and 1,600 ETH staked on its proprietary Goldshell Staking platform.

Mr. Qiang Ding, Chairman of the Board of Directors and Chief Executive Officer, commented, "Intchains is harnessing a dual-platform ETH staking strategy to unlock the full potential of our holdings, driving enhanced returns while actively pursuing revenue growth opportunities. By combining disciplined accumulation with innovative staking solutions, we are strengthening our position as a leading ETH treasury holder. Looking ahead, we remain focused on building our ETH reserve strategically and sustainably, creating long-term value for our shareholders in the evolving digital asset landscape."

About Intchains Group Limited
Intchains Group Limited engages in the provision of altcoin mining products, and delivery of Web3 infrastructure services via the strategic acquisition and holding of Ethereum-based cryptocurrencies, and operation of a Proof-of-Stake cryptocurrency staking platform. For more information, please visit the Company’s website at: https://intchains.com/.

For investor and media inquiries, please contact:

Intchains Group Limited
Investor Relations
Email: ir@intchains.com

The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / lcati@theequitygroup.com

Alice Zhang, Associate
212-836-9610 / azhang@theequitygroup.com   

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much ETH does Intchains (ICG) hold and stake as of Feb 23, 2026?

Intchains holds approximately 9,070 ETH and has 2,600 ETH staked as of Feb 23, 2026. According to the company, staking is split between FalconX (1,000 ETH) and Goldshell Stake (1,600 ETH), supporting yield generation.

What was Intchains' aggregate investment in its ETH treasury (ICG) and average purchase price?

Intchains reported an aggregate ETH investment of ~RMB166.5 million (US$23.7M) at an average purchase price of RMB18,352.7 (US$2,611.1) per ETH. According to the company, fees and expenses are included.

What is the significance of Intchains' Goldshell Stake acquisition for ICG shareholders?

The company completed a $1.3M acquisition in Dec 2025 to operate Goldshell Stake, widening staking services. According to the company, Goldshell Stake now supports ETH, AVAX, MANTA, and CFX and hosts part of its staked ETH.

How does Intchains (ICG) acquire ETH and manage price volatility?

Intchains uses a disciplined dollar-cost averaging (DCA) approach to accumulate ETH over time and mitigate short-term volatility. According to the company, DCA is paired with staking to seek incremental returns from treasury assets.

How much ETH is staked on FalconX versus Goldshell Stake by Intchains (ICG)?

Intchains has staked 1,000 ETH on FalconX and 1,600 ETH on Goldshell Stake, totaling 2,600 ETH staked as of Feb 23, 2026. According to the company, the dual-platform approach aims to optimize acquisition and yield.