BTCS Inc., a blockchain-focused company, has announced significant growth in its assets, now exceeding $275 million.
Successful Financing
The company has successfully closed a $10 million issuance of convertible notes. This financing was structured at a conversion price of $13 per share, representing a 198% premium to BTCS's closing price on July 18, 2025.
Increase in Ethereum Holdings
As part of its capital deployment strategy, the company increased its Ethereum holdings by 14,240 ETH, bringing its total to 70,028 ETH. At an ETH price of $3,850, the fair market value of the company's Ethereum now stands at approximately $270 million.
Overall Financial Position
BTCS also reported that during the week ending July 25, it sold 271,580 shares under its ATM program in a single block trade for $1.64 million. The total number of common shares outstanding now stands at 47,852,778. Year-to-date, BTCS has raised approximately $207 million through a combination of equity sales, convertible debt, and DeFi-based borrowing.
In summary, BTCS Inc. is demonstrating solid performance in managing its assets and executing its strategy aimed at optimizing Ethereum exposure.
