BTCS Inc Acquires 14,240 Ethereum, Total Holding Reaches 70,028 ETH

BTCS Inc has acquired 14,240 ETH, increasing its total holdings to 70,028 ETH valued at $271 million. This acquisition signals a strong commitment to the Ethereum ecosystem.

Key Developments

Recent purchase reflects BTCS's financial growth as ETH prices rebound.
Current trading price of ETH is $3,872.50, with a market cap of $468.12 billion.
In December 2024, BTCS shifted focus from its StakeSeeker platform to Ethereum infrastructure.
Year-to-date, the company has raised $207 million through DeFi strategies.
BTCS utilizes its treasury for staking and block-building to generate yield.
Recently closed a $10 million convertible notes issuance at a $13 per share conversion price.

BTCS aims to become a leader in Ethereum blockchain infrastructure while maintaining strong investor confidence in its business model. CEO Charles Allen stated that the company is actively deploying capital to expand its ETH treasury and enhance blockchain operations.