BTCS Inc. reported record quarterly revenue of $2.77 million for Q2 2025, a 394% increase year-over-year. The company’s post-quarter ETH holdings surpassed $321 million, reflecting strong growth in Ethereum operations. BTCS also raised $192 million in gross proceeds post-quarter, increasing its total assets to $40.8 million at June 30, 2025.

The financial results for Q2 2025 showed a net income of $3.88 million, driven by an $8.8 million increase in the fair value of crypto assets. Total revenue for the quarter was $2.77 million, up 394% year-over-year. The company’s strategic focus on Ethereum-first infrastructure through Builder+ contributed to over 90% of revenue in Q2.

Despite a negative gross margin of (2.9%) in Q2 2025, BTCS prioritized scaling Ethereum block building to capture market share and accelerate ETH accumulation. The company’s net loss of $13.39 million for the first six months of 2025 was due to unrealized depreciation on retained crypto assets and divestiture of non-Ethereum assets.

Financing activities during Q2 provided BTCS with flexible liquidity, including $4.1 million from ATM common stock sales and $4.0 million from ETH-backed DeFi borrowing. The company’s total assets grew to $40.8 million at June 30, 2025, with crypto assets representing $39.4 million, including $36.4 million in Ethereum.

Following the end of Q2, BTCS expanded its ETH-backed DeFi borrowing capacity and raised additional funds, increasing its ETH holdings to 70,140 valued at over $321 million as of August 12, 2025. By strategically growing its Ethereum holdings, BTCS aims to benefit from the long-term growth of the ecosystem while generating revenue through operational activities.

Read more at GlobeNewswire: BTCS Reports Q2 2025 Results