BTCS has announced the completion of an $8.42 million acquisition of Ethereum, increasing its holdings to 12,500 ETH. This investment is part of the company's strategy to expand its share in cryptocurrency.
Increase in Ethereum Holdings
As of May 16, 2025, the amount of Ethereum held by BTCS has increased from 9,063 ETH at the end of Q1 2025 to 12,500 ETH. This represents a 38% increase.
BTCS Financial Performance
The increase in Ethereum assets has allowed BTCS to elevate its total cryptocurrency and cash value to approximately $38.42 million, representing an 88% gain since the beginning of Q2 2025.
Company Strategy Regarding Ethereum
BTCS CEO Charles Allen stated, “Ethereum remains at the core of our blockchain infrastructure strategy. Growing our ETH position helps scale validator operations, increase staking revenue, and deliver long-term value to shareholders.”
BTCS's investments in Ethereum highlight the company's growing interest in this cryptocurrency, strengthening its market position and ensuring significant asset growth.
