Home BTCS Grows ETH Stack To 55,788 With $10 Million Raise

BTCS Grows ETH Stack To 55,788 With $10 Million Raise

Share
BTCS Grows ETH Stack To 55,788 With $10 Million Raise
Share

Blockchain Technology Consensus Solutions Inc. has expanded its Ethereum holdings to 55,788 ETH, valued at approximately $211.5 million with ETH trading at $3,600. The company added 22,935 ETH through a $10 million capital raise via convertible notes priced at $13—an impressive 198% premium over its $6.57 closing price on July 18.

The new funding will support ETH accumulation while keeping BTCS’s loan-to-value ratio below 40% to maintain financial strength. BTCS’s stock surged 10% after the announcement, closing at $7.25.

This move aligns with BTCS’s DeFi/TradFi Accretion Flywheel strategy, blending traditional and decentralized finance to raise capital, reinvest in Ethereum, and grow shareholder value. In 2025 alone, BTCS has raised $189 million, including $132 million via at-the-market sales and $40 million in DeFi loans through Aave.

CEO Charles Allen said BTCS is “the most financially and operationally leveraged Ethereum play in public markets,” highlighting the firm’s unique Ethereum-focused growth model.

Share

Leave a comment

Leave a Reply

Latest News

Avalanche Enters Top Five RWA Blockchains After Tokenized Asset Value Surges To $2.1B
News

Avalanche Enters Top Five RWA Blockchains After Tokenized Asset Value Surges To $2.1B

Avalanche is now one of the five largest blockchain networks for tokenized real-world assets (RWAs). The value of tokenized assets on Avalanche...

UK To Defer Capital Gains Tax On Certain Crypto Lending & DeFi Transactions
News

UK To Defer Capital Gains Tax On Certain Crypto Lending & DeFi Transactions

Starting April 6, 2027, the UK government will let investors defer capital gains tax on some crypto lending and DeFi transactions until...

ECB Selects 36 Payment Providers For Digital Euro Pilot Ahead Of Possible 2029 Launch
News

ECB Selects 36 Payment Providers For Digital Euro Pilot Ahead Of Possible 2029 Launch

The European Central Bank (ECB) has chosen 36 banks and payment companies for its digital euro pilot, a key move toward testing...

U.S. & UK Deepen Partnership On Tokenized Finance & Cross-border Stablecoins
News

U.S. & UK Deepen Partnership On Tokenized Finance & Cross-border Stablecoins

The United States and the United Kingdom have announced a joint plan to work more closely on tokenized finance and regulated stablecoins....

Related Articles

How To Trade Memecoins: Top Strategies You Must Know

The cryptocurrency industry has seen a growing influence of memecoins. These memecoins...

Crypto Savings 101: How To Earn Passive Income From Stablecoins

Introduction Let’s imagine a hypothetical situation of wanting to sell Bitcoin after...

How To Know What Drives The Price Of AI Tokens?

Have you ever wondered why some Artificial Intelligence (AI) tokens witness huge...

5 Ways You Can Make Money From AI Tokens

AI Tokens are perhaps the hottest trend in the cryptocurrency market today...