PANews reported on November 27th that the Ethereum treasury protocol ETH Strategy announced a two-month linear unlocking plan starting November 29th, 2025, involving the distribution of STRAT tokens to early backers "PreSaylors". To address potential market selling pressure, the project plans to use ETH from the treasury to buy back and burn STRAT when its price falls below its net asset value (NAV), thereby reducing the circulating supply and strengthening the economic model. In addition, ETH Strategy will launch a vault lending product two weeks after unlocking, allowing STRAT holders to borrow ETH from their vaults at a discount slightly below NAV, while preserving the token's appreciation potential. The project also offers a one-week limited-time option that allows PreSaylors to redeem 80% of their initial ETH commitment by burning NFTs. It is understood that ETH Strategy previously raised a total of 8,142 ETH through private and public rounds, with the token price being 1 ETH for 10,000 STRAT, and supporters receiving the same lock-up conditions. Previously, it was reported that ETH Strategy partnered with Lido to invest a portion of its treasury funds into stETH to achieve compound interest on ETH returns .PANews reported on November 27th that the Ethereum treasury protocol ETH Strategy announced a two-month linear unlocking plan starting November 29th, 2025, involving the distribution of STRAT tokens to early backers "PreSaylors". To address potential market selling pressure, the project plans to use ETH from the treasury to buy back and burn STRAT when its price falls below its net asset value (NAV), thereby reducing the circulating supply and strengthening the economic model. In addition, ETH Strategy will launch a vault lending product two weeks after unlocking, allowing STRAT holders to borrow ETH from their vaults at a discount slightly below NAV, while preserving the token's appreciation potential. The project also offers a one-week limited-time option that allows PreSaylors to redeem 80% of their initial ETH commitment by burning NFTs. It is understood that ETH Strategy previously raised a total of 8,142 ETH through private and public rounds, with the token price being 1 ETH for 10,000 STRAT, and supporters receiving the same lock-up conditions. Previously, it was reported that ETH Strategy partnered with Lido to invest a portion of its treasury funds into stETH to achieve compound interest on ETH returns .