Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101992
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.59%
Bitcoin Share
BitcoinSistemi 2025-05-15 08:35:07

Nasdaq-Listed Blockchain Infrastructure Firm Prepares to Sell Shares to Buy Ethereum! Here Are the Details

Nasdaq-Listed Blockchain Infrastructure Firm Prepares to Sell Shares to Buy Ethereum! Here Are the Details

Nasdaq-listed blockchain infrastructure firm BTCS has launched a plan to raise up to $57.8 million via convertible notes, aiming to significantly expand its Ethereum (ETH) holdings at what it describes as a “critical inflection point” for the network. The Maryland-based company announced in a statement that it has signed a facility agreement with New York-based investment firm ATW Partners to issue the notes. BTCS has already secured the first $7.8 million tranche, with the remaining $50 million subject to mutual agreement. “Similar to how MicroStrategy leverages its balance sheet to accumulate Bitcoin, we are implementing a disciplined strategy to grow our Ethereum count,” said Charles Allen, BTCS Chairman and CEO. Allen personally invested $95,000 in the offering. BTCS plans to use the proceeds solely to purchase Ethereum, which has surged nearly 42% in the past week amid renewed investor confidence following the successful Pectra network upgrade. The upgrade increases scalability and efficiency on Ethereum, pushing the value of ETH to nearly $2,587 at press time. The firm said it aims to use its ETH holdings to onboard additional validators, increase staking rewards, and improve block production efficiency, which are key components of its broader revenue generation strategy. BTCS described Ethereum as a “core” asset for its business model, which encompasses validator node operations, staking services, and on-chain analytics. BTCS shares closed up 5.53% at $2.10 on Wednesday, according to Google Finance. *This is not investment advice. Continue Reading: Nasdaq-Listed Blockchain Infrastructure Firm Prepares to Sell Shares to Buy Ethereum! Here Are the Details

Most Read News

Moralis Money
Market Cap
24h Vol
62.59%
Bitcoin Share
228
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.