Blockchain technology firm BTCS Inc. has significantly strengthened its crypto treasury, raising $10 million via above-market convertible notes and adding 14,240 ETH to its reserves. With this addition, BTCS now holds 70,028 ETH, worth approximately $270 million at a price of $3,850 per ETH.
The capital raise was completed at a 198% premium to BTCS’s July 18 stock close, marking a strong vote of confidence in the company’s DeFi/TradFi “Accretion Flywheel” strategy.
CEO Charles Allen praised the financing, noting the ETH reserves generate yield through staking (NodeOps) and block building (Builder+).
The company also raised $1.64 million from a single block equity trade and now has 47.85 million shares outstanding.
So far in 2025, BTCS has raised $207 million via a blend of at-the-market equity offerings, premium debt deals, and DeFi-based borrowing. The firm continues to focus on expanding Ethereum exposure while actively managing shareholder dilution.
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