Group 1 - Bitcoin-related stocks and Ethereum holdings experienced a general decline on Tuesday, with SharpLink Gaming (SBET.US) dropping over 6.5% [2] - GameSquare (GAME.US) saw a significant decrease of over 9.8% [2] - BTCS Inc (BTCS.US) fell by over 0.8%, while Strategy (MSTR.US) decreased by 0.49% [2] - Mara Holdings (MARA.US) also reported a decline of 0.76% [2] - In contrast, Circle (CRCL.US) experienced an increase of 1% [2]

Group 1 - Bitcoin-related stocks and Ethereum holdings experienced a decline on Tuesday, with SharpLink Gaming (SBET.US) dropping over 6.5% [1] - GameSquare (GAME.US) saw a significant decrease of over 9.8% [1] - BTCS Inc (BTCS.US) fell by over 0.8% [1] - MicroStrategy (MSTR.US) decreased by 0.49% [1] - Marathon Holdings (MARA.US) declined by 0.76% [1] - Circle (CRCL.US) was the only stock to rise, increasing by 1% [1]

Nasdaq-listed BTCS buys $55 million in ETH, boosting holdings to over 70,000 ETH https://t.co/E8W0OMG3bS ...

Core Insights - BTCS Inc. has successfully closed a $10 million issuance of convertible notes, structured at a conversion price of $13 per share, representing a 198% premium to its closing price on July 18, 2025 [2][4] - The company has increased its Ethereum (ETH) reserves by 14,240 ETH, bringing total holdings to 70,028 ETH, valued at approximately $270 million based on an ETH price of $3,850 [3][4] - BTCS has raised approximately $207 million year-to-date through various financing methods, including at-the-market equity sales and DeFi-based borrowing, aligning with its DeFi/TradFi Accretion Flywheel strategy [4][6] Financial Performance - The recent issuance of convertible notes is part of BTCS's strategy to enhance its capital formation and blockchain infrastructure operations [2][4] - The company sold 271,580 shares under its ATM program for $1.64 million, resulting in a total of 47,852,778 common shares outstanding [3] Strategic Focus - BTCS's hallmark strategy, the DeFi/TradFi Accretion Flywheel, integrates decentralized and traditional finance to optimize ETH exposure and enhance shareholder value [4][6] - The company aims to generate revenue and yield for shareholders through its NodeOps (staking) and Builder+ (block building) operations [4][6]

Core Viewpoint - BTCS Inc. has successfully raised $189 million year-to-date through its DeFi/TradFi value-creation strategy, with a current asset valuation of approximately $242.2 million, including 55,788 ETH [1][4]. Financing Summary - The company has raised funds through various methods: $132 million (70%) from market-priced stock sales, $17 million (9%) from above-market convertible bonds, and $40 million (21%) from DeFi stablecoin lending [4]. - The recent $10 million convertible note issuance has a conversion premium of nearly 200%, aligning with BTCS's strategic goals [2][6]. DeFi/TradFi Value-Creation Strategy - BTCS is advancing its DeFi/TradFi value-creation strategy by leveraging both decentralized and traditional finance to increase its ETH holdings and enhance shareholder value [3]. - The strategy includes optimizing ETH exposure while minimizing shareholder dilution, with a loan-to-value ratio maintained below 40% [2]. Capital Structure Update - The company has disclosed its capital structure, which includes 45,761,072 common shares outstanding and various convertible debt instruments with different conversion prices [8]. - Approximately 16 million shares of Series V preferred stock have been excluded from the fully diluted total due to their non-convertibility for the next 18 months [8][10]. Future Considerations - The management is considering options to enhance the liquidity of Series V preferred stock, including potential tokenization on the Ethereum blockchain [9][10].

智通财经7月21日电，美股加密货币概念股盘初集体冲高，GLXY涨超12%，BTOG、BTCS涨超9%；特 朗普媒体科技集团涨超7%，创4月23日以来最大涨幅。 ...

Core Viewpoint - BTCS Inc. has announced the issuance of approximately $10 million in convertible notes at a conversion price of $13 per share, representing a 198% premium over its recent stock price, as part of its DeFi/TradFi Accretion Flywheel strategy [1][2][7]. Funding and Financial Strategy - Year-to-date, BTCS has raised a total of $189 million through various funding methods, including $132 million from at-the-market sales, $17 million from above-market convertible debt, and $40 million from DeFi-based loans [4]. - The company aims to maintain financial flexibility for future leverage while keeping its loan-to-value ratio below 40%, which aligns with its strategy to maximize ETH exposure and minimize shareholder dilution [2][3]. Capital Formation Strategy - BTCS is executing its DeFi/TradFi Accretion Flywheel strategy, which combines decentralized and traditional finance to enhance its ETH holdings and shareholder value [3]. - The company has raised capital through a mix of equity sales, convertible debt, and DeFi borrowing, focusing on optimizing ETH exposure while managing dilution [3]. Asset and Holdings Overview - The combined market value of BTCS's assets, including 55,788 ETH holdings and cash, is approximately $242.2 million, based on an ETH price of $3,600 [1]. - The average cost per ETH for the company is $2,846, reflecting a 516% increase year-to-date [4]. Convertible Note Details - The $10 million convertible notes have a two-year maturity, a 5% original issue discount, and an annual interest rate of 6% [7]. - In conjunction with the note issuance, five-year warrants will be issued to purchase 879,375 shares at an exercise price of $8 per share, representing a 122% premium to the recent closing price [8]. Capital Structure and Shareholder Information - The company has provided an updated breakdown of its capital structure, indicating a total of 46,910,873 outstanding shares and 52,704,106 fully diluted shares [11]. - Approximately 16 million shares of Series V are excluded from the fully diluted share count due to restrictions on conversion for 18 months [11][12].

Group 1 - BTCS Inc. has been included in the Russell Microcap Index, enhancing its visibility and credibility in the market [1][2][3] - The inclusion is seen as a significant milestone in BTCS's growth trajectory, expected to broaden its reach and attract new audiences [3] - BTCS focuses on Ethereum infrastructure and operates a vertically-integrated blockchain strategy, which includes staking and block building [3][6] Group 2 - The Russell Microcap Index serves as a benchmark for the microcap segment of the U.S. equity market, providing validation for companies included [2][5] - BTCS's strategy is supported by its DeFi/TradFi flywheel framework, aimed at driving scalable revenue growth and enhancing ETH per share [3] - The company operates Builder+, an advanced block-building operation, and ChainQ, an AI-powered blockchain data analytics platform [6][7]

Core Insights - BTCS Inc. has raised $62.4 million year-to-date in minimally dilutive capital while increasing its Ethereum holdings by 221% to 29,122 ETH [1][3] - The company aims to build a premier Ethereum-focused public company through its DeFi/TradFi flywheel strategy, which allows for low-cost capital access and leveraged exposure to Ethereum [2][4] - BTCS's capital structure includes a mix of equity, convertible debt, and DeFi-based borrowing, with a total debt of $22.9 million and a debt-to-assets ratio of 24% [6][10] Capital Raise and Strategy - The capital raised this year consists of $39.5 million from ATM sales (63%), $7.4 million from above-market convertible debt (12%), and $15.5 million from DeFi-based borrowing (25%) [3] - The DeFi/TradFi flywheel strategy is designed to optimize ETH exposure while managing dilution, enhancing shareholder value through scalable growth [4][5] Financial Overview - As of July 11, 2025, BTCS's total ETH holdings are valued at $87.3 million at a price of $3,000 per ETH, with 4,160 ETH staked via Rocket Pool Nodes and 6,300 ETH via Solo Nodes [5] - The company operates with a 40% Net Asset Value leverage cap to manage risk while aiming for growth [4] Company Background - BTCS is recognized as the world's oldest public blockchain company, focusing on Ethereum infrastructure for nearly five years [2] - The company operates a branded block-building operation, Builder+, and has developed ChainQ, an AI-powered blockchain data analytics platform [11]

Company Overview - BTCS Inc. shares increased by 111.1% in the last trading session, closing at $5.91, with a significant volume of shares traded compared to normal sessions [1] - The stock had a 13.4% gain over the past four weeks, with a notable price rise following the announcement of a $100 million capital raise aimed at purchasing Ethereum [1] Business Strategy - BTCS focuses on Ethereum block-building through its Builder+ platform and validator node operations across various proof-of-stake (PoS) networks [2] - The company employs a non-custodial staking model to enhance trust and scalability, while its AI-powered ChainQ analytics platform improves data transparency [2] - Security is a priority, with 98% of crypto assets stored in encrypted cold storage, and proprietary infrastructure is used to optimize performance and efficiency [2] Financial Performance - The company is expected to report a quarterly loss of $0.07 per share, reflecting a year-over-year decline of 75% [3] - Revenue is projected to be $1.7 million, representing a 203.6% increase from the same quarter last year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may be influenced by trends in earnings estimate revisions [4] Industry Context - BTCS Inc. holds a Zacks Rank of 2 (Buy) within the Zacks Financial - Miscellaneous Services industry [5] - Another company in the same industry, Ponce Financial, closed the last trading session at $14.36, with a 1.4% increase, and has returned 6.6% over the past month [5] - Ponce Financial's consensus EPS estimate has remained unchanged at $0.17, showing a year-over-year change of +21.4% [6]