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BTCS Inc. Acquires 1,000 ETH, Expanding Ethereum Holdings to 14,600 ETH
Newsfileยท 2025-06-20 13:00
Core Viewpoint - BTCS Inc. has acquired 1,000 ETH for approximately $2.5 million, increasing its total Ethereum holdings to 14,600 ETH, representing a 61% increase since the end of Q1 2025 [1][2]. Group 1: Acquisition Details - The acquisition was made through borrowing on AAVE, a leading decentralized lending protocol, at an average price of $2,528 per ETH [1]. - The net cost of capital for this acquisition was approximately 2.78% per year, and there was no shareholder dilution involved [1]. Group 2: Company Strategy and Operations - The newly acquired ETH will be used to support the expansion of BTCS' NodeOps business by increasing its staking operations [6]. - BTCS has a long-term strategic approach, emphasizing disciplined execution and commitment to building shareholder value, which has contributed to its status as the oldest publicly traded crypto company [3]. Group 3: Company Overview - BTCS Inc. focuses on blockchain infrastructure technology and aims to drive scalable revenue growth through its operations, including block building and validator node management [7]. - The company operates a branded block-building operation called Builder+, which optimizes block construction for on-chain validation to maximize gas fee revenues [7]. - BTCS also manages validator nodes and staking across multiple proof-of-stake networks, enhancing user access and engagement through its AI-powered blockchain data analytics platform, ChainQ [7].