# Tap Global Group Expands Reserve with First Ethereum Purchase

- URL: https://stocks.freetheai.org/news/tap-global-group-expands-reserve-with-first-ethereum-purchase-4ed2c4
- Published: 2026-10-13T06:00:05Z
- Category: crypto; sentiment: bullish; impact: low
- Symbols: [LSE:TAP](https://stocks.freetheai.org/symbols/LSE-TAP), [BITSTAMP:ETHUSD](https://stocks.freetheai.org/symbols/BITSTAMP-ETHUSD)
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Tap Global Group plc (TAP) has completed its first Ethereum purchase for its balance sheet reserve under its Digital Asset Income Strategy. The regulated crypto-fintech company acquired 50 Ethereum tokens at an average price of £1,888.76 (roughly $2,497) each, bringing the total cost of the purchase to £94,437.86. The addition follows earlier reserve allocations of 3 Bitcoin on September 29, 2026, and 500 Solana on October 1, 2026.

The acquisition was executed at approximately 50% below Ethereum's peak price of roughly $4,950. Rather than leaving the assets idle, the company immediately deployed the Ethereum into its Tap Earn yield program to generate return on its treasury holdings. Combined DAIS reserve assets now stand at 3 Bitcoin, 500 Solana, and 50 Ethereum bought for £329,665, in addition to $279,258 held separately in stablecoins. Tap Earn currently holds over $9 million in customer deposits and has generated cumulative gross yields of approximately $157,000 since its May 2026 launch.

Investors will be monitoring upcoming operational reports on the performance and yield generation of the treasury assets. The company plans to provide ongoing performance updates and allows shareholders to track holdings through its investor portal.

## Key points

- Tap Global Group plc bought 50 Ethereum at an average price of £1,888.76 per token, totaling £94,437.86.
- The purchase was executed roughly 50% below Ethereum's all-time high of approximately $4,950 per token.
- Total reserve holdings now include 3 Bitcoin, 500 Solana, and 50 Ethereum acquired for £329,665, plus $279,258 in stablecoins.
- The acquired Ethereum has been deployed into the company's Tap Earn program to generate income for shareholders.

## Questions and answers

### How much Ethereum did Tap Global Group buy?

Tap Global Group plc purchased 50 Ethereum tokens at an average price of £1,888.76 (approximately $2,497) per token, for a total cost of £94,437.86.

### What is Tap Global Group's Digital Asset Income Strategy?

It is a company reserve strategy that buys digital assets below peak prices and deploys them through the Tap Earn program to generate yield on corporate holdings.

### What digital assets does Tap Global Group hold in its reserve?

The reserve contains 3 Bitcoin, 500 Solana, and 50 Ethereum purchased for a combined £329,665, alongside $279,258 in stablecoins.