BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused firm, has surpassed $275 million in Ethereum and other assets on its balance sheet following a strategic capital raise and a significant boost to its crypto holdings.
The company announced the successful closing of its issuance of approximately $10 million in above-market convertible notes. “This financing, structured at a compelling $13 per share conversion price, a 198% premium to BTCS’s July 18, 2025, closing price, furthered the Company’s hallmark DeFi/TradFi Accretion Flywheel strategy,” BTCS said in a statement.
As part of its ongoing capital deployment, the company increased its Ethereum holdings by 14,240 ETH, bringing its total reserves to 70,028 ETH. Based on an ETH price of $3,850, the fair market value of the company’s Ethereum now stands at approximately $270 million.
“Surpassing $270 million in ETH reserves that are generating revenue and yield for our shareholders through NodeOps (staking) and Builder+ (block building) is a tremendous achievement,” said Charles Allen, CEO of BTCS. “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.”
During the week ending July 25, BTCS sold 271,580 shares under its ATM program in a single block trade at $6.04 per share, raising $1.64 million. The total number of common shares outstanding now stands at 47,852,778.
BTCS said it has now raised approximately $207 million year-to-date through a combination of at-the-market equity sales, above-market convertible debt, and DeFi-based borrowing—all in line with its strategy to optimize ETH exposure while actively managing dilution.
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