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BTCS has added 14,240 ETH to its treasury, now holding over 70,000 ETH.
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New ETH holdings are valued at approximately $270 million.
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The firm also completed a $10M convertible note offering at a steep premium.
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BTCS frames itself as an Ethereum-first treasury and infrastructure provider.
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Its treasury strategy combines staking, block building, and DeFi-based financing.
BTCS Makes Major Ethereum Play With $55M Acquisition
BTCS, a Nasdaq-listed blockchain firm, announced the purchase of 14,240 ETH for around $55 million, bringing its total Ethereum holdings to 70,028 ETH. At current prices, this makes its ETH treasury worth approximately $270 million.
The purchase is part of the company’s broader Ethereum-focused strategy, which prioritizes capital allocation into ETH over Bitcoin or other assets. BTCS sees Ethereum as a foundational infrastructure layer for the future of finance.
Convertible Notes Offering Shows Strong Investor Confidence
In tandem with the ETH acquisition, BTCS closed a $10 million convertible note issuance. The notes carry a $13 conversion price, representing a 198% premium to the company’s share price just days earlier. This high premium signals investor confidence in BTCS’s growth and Ethereum-centric approach.
BTCS also reported selling over 270,000 shares at $6.04 each, raising an additional $1.64 million through its at-the-market (ATM) equity program.
Combining DeFi and TradFi for Growth
BTCS describes its strategy as a “DeFi/TradFi Accretion Flywheel,” combining decentralized finance tools with traditional market access. The company uses Ethereum staking (NodeOps) and block building (Builder+) to generate recurring revenue from its holdings.
This hybrid approach differs from companies like MicroStrategy or SharpLink, which mainly accumulate crypto via equity sales. BTCS aims to compound growth through both asset accumulation and active participation in the Ethereum network.
