From Cointelegraph

May 15, 2025 5:01 am:

Publicly traded company BTCS secures a $57.8 million financing deal led by ATW Partners to purchase Ether for blockchain expansion. CEO Charles Allen emphasizes Ethereum’s long-term growth potential following MicroStrategy’s Bitcoin accumulation strategy. BTCS also issues $7.8 million in convertible notes with a two-year maturity and 6% interest rate. Investors bet on BTCS stock rising. Source: BTCS

BTCS doubles down on Ether after it gained 42% post-Pectra upgrade, surpassing Coca-Cola and Alibaba in market cap. Company leverages Aave lending protocol for ETH acquisition. Current stock price at $1.99, notes convertible at $5.85 per share. Investors receive option to buy 1.9 million shares at $2.75. Ether now 39th-largest asset by market cap. Source: Cointelegraph

Read more at Cointelegraph: Nasdaq-listed BTCS to boost ETH holdings with $57.8M raise