BTCS will raise $57.8 million through the issuance of convertible notes for strategic acquisition of Ethereum

2025-05-15 10:41:38
Collection

ChainCatcher news, according to Bitcoin.com, Nasdaq-listed blockchain company BTCS (stock code: BTCS) announced the raising of $57.8 million through convertible notes for strategic acquisition of Ethereum. The first tranche of $7.8 million in bonds has been subscribed by ATW Partners.

The company's CEO Charles Allen personally invested $95,000, and his associated trust invested $200,000. The financing will be used to purchase Ethereum to expand validation nodes and staking operations.

Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
ChainCatcher Building the Web3 world with innovators