Ah, the whims of fortune! BTCS Inc. has recently engaged in a rather lucrative exercise, amassing a delightful sum of $10 million through the charming art of convertible notes, while fortifying its Ethereum trove to a staggering value surpassing $270 million. How quaint! 🎩
BTCS Grabs 14,240 Ethereum, Wealth Now Sparkles at $270M!
The company, cleaving to the ever-mystical blockchain, known in the bustling marketplace as Nasdaq: BTCS, has unleashed approximately $10 million worth of convertible notes, each priced at the rather extravagant amount of $13 per share. A conversion price that waltzes 198% above the closing stock price from July 18, 2025—truly a masterclass in financial mischief! 🤹♂️ Concurrently, like a child at a candy store, BTCS joyfully added 14,240 Ethereum (ETH) to its whimsical reserves.
Now, like a proud peacock flaunting its feathers, the company finds itself in possession of 70,028 ETH. With Ethereum dancing at a price of $3,850, these glittering treasures are valued at a princely sum of approximately $270 million. Additionally, during the week swirling with dramatic flair up to July 25, BTCS managed to offload 271,580 common shares under its at-the-market (ATM) program, like an artisan selling paintings in a bustling bazaar. These were whisked away in a single block trade at the price of $6.04 per share, generating a modest windfall of $1.64 million. 🎨💰
Following this delightful series of transactions, BTCS now sports 47,852,778 common shares, fluttering in the winds of capital. The proceeds from notes and ATM sales are dutifully feeding the company’s capital-raising machinations—how industrious! 🏗️
As the ledger unfurls, the firm proudly informs us that year-to-date, BTCS has amassed a staggering $207 million. This miraculous sum is composed of $139 million from ATM equity sales (67%), $52 million from daring ventures into borrowing via the DeFi platform Aave (25%), and $17 million through the convoluted paths of convertible debt (8%). What splendid ways to expand the company’s ETH treasury and to sustain its ever-elaborate blockchain infrastructure! 🛠️
Describing its ambitions with the poetic moniker of the “DeFi/TradFi Accretion Flywheel,” BTCS focuses on the noble pursuit of accumulating ETH through a kaleidoscope of financing methods, squeezing out revenue via the art of staking (“NodeOps”) and block building (“Builder+”). At this point, one might raise an eyebrow and ask—when will the theater end? 🎭
“As we find our rhythm, actively deploying capital, not only to amplify our ETH treasury but to also propel our ambitious blockchain operations,” proudly declared Charles Allen, CEO of BTCS, “We maintain a vibrant trajectory as the most financially and operationally leveraged Ethereum play in the public markets today!” And who could argue with such zest? 🍾
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2025-07-28 16:57