BTCS Inc. Boosts Ethereum Holdings by 14,240 ETH
To further its Ethereum acquisition, BTCS completed about $10 million in convertible notes.
Nasdaq-listed blockchain technology company BTCS Inc., or Blockchain Technology Consensus Solutions, has increased its Ethereum reserves by 14,240 ETH, based on a recent tweet on the platform’s official X account.
BTCS’s latest purchase has increased the company’s total Ethereum holdings to 70,028 ETH, worth about $270 million based on the current market movement, a unit price of $3,850 per ETH.
BTCS Completes $10 Million Convertible Note Issuance
Apart from its ETH purchase, BTCS has also successfully issued approximately $10 million in convertible notes at a conversion price of $13 per share, a notable 198% premium to the July 18, 2025, closing price.
The funds will support the company’s DeFi/TradFi Accretion Flywheel strategy, which has pushed BTCS to raise $207 million year-to-date by combining at-the-market equity sales, above-market convertible debt, and DeFi-based borrowing.
BTCS’s DeFi/TradFi Accretion Flywheel capital formation strategy leverages both decentralized and traditional finance to drive growth and expand its Ethereum holdings.
Concerning the company’s latest achievements, Charles Allen, CEO of BTCS, stated, “Successfully closing the $10 million financing at a substantial premium is yet another testament to the strength and market confidence in our hallmark DeFi/TradFi Accretion Flywheel strategy.”
“We are hitting our stride of actively deploying capital to not only expand our ETH treasury but also fuel our blockchain infrastructure operations, and are proud to continue our trajectory as the most financially and operationally leveraged Ethereum play in the public markets today,” Allen concluded.
Ethereum’s Adoption on the Rise
In recent times, the Ethereum network has seen a surge in institutional adoption. A recent report revealed that Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, outperformed Bitcoin in recent market activity, with a notable 9% gain compared to Bitcoin’s more modest 3% increase.
Ethereum’s impressive performance is fueled by increasing trends of institutions adopting an Ethereum-focused strategy. For instance, blockchain technology company BTC Digital dumped its Bitcoin mining operations to focus on Ethereum staking. The platform has also bolstered its Ethereum position with a $1 million investment, with plans to convert its existing and future Bitcoin holdings into Ethereum.
The Nasdaq-listed firm recently secured $6 million in funding through the sale of 2 million of its shares to institutional investors at $3 per share.
