Acquired additional Ethereum for 1.2 billion yen, BTCS, which is listed in the US, increased its ETH Holdings by 38%.

GateUser-d76e02b9 · 2025-05-22T00:30:28+00:00

BTCS Inc., a virtual currency-related company, recently purchased 3,450 Ethereum (ETH) for $842 million, with plans to increase its ETH holdings strategically for long-term value creation through staking and blockchain operations.

GateUser-d76e02b9

2025-05-22 00:30:28

Abstract generation in progress

## Increase in ETH purchases

BTCS Inc., a Nasdaq-listed cryptocurrency company, announced on May 20 that it has acquired 3,450 Ethereum (ETH) (ETH) for approximately $8.42 million (JPY 1.2 billion). The purchase price averaged $2,441 per ETH and was funded by the issuance of up to $57.8 million in convertible bonds signed on May 14.

As of May 16, BTCS’s ETH holdings reached around 12,500 ETH, an increase of about 38% from 9,063 ETH at the end of Q1 2025. The company’s crypto holdings and cash have a market capitalization of around $38.42 million, a significant increase of 88% since the start of the second quarter (April-June).

CEO Charles Allen stated, “Ethereum is at the core of our blockchain infrastructure strategy.” The expansion of ETH positions indicates a policy to promote the expansion of validator operations, increase staking revenues, and create long-term value for shareholders.

This move represents a strategic development following the company’s additional acquisition of ETH through borrowing via the decentralized finance protocol AAVE. Similar to the strategy employed by Mr. Saylor’s Strategy Company regarding Bitcoin, BTCS is strategically increasing its exposure to Ethereum and aims to secure continuous revenue through staking and block building.

ETH0,35%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.