BTCS Joins Crypto Treasury Trend, Earmarks $57.8M for Ethereum Accumulation
BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, has announced a significant financing arrangement to acquire up to $57.8 million in Ether (ETH), signaling its commitment to a digital asset treasury strategy. The company secured the financing through a convertible note agreement led by ATW Partners, with an initial tranche of $7.8 million already issued, according to a statement on Wednesday.
This move positions BTCS alongside a growing number of publicly traded companies exploring the potential of holding cryptocurrencies as part of their treasury reserves. While Strategy has famously pioneered this approach with Bitcoin, accumulating a substantial amount of the leading cryptocurrency, and Janover (now DeFi…
