BTCS Inc. (BTCS) increased its ethereum reserves by 14,240 ETH to 70,028 ETH and closed a $10 million convertible notes issuance, according to a company statement.
The blockchain technology company’s ethereum holdings have a fair market value of approximately $270 million based on an ETH price of $3,850. The convertible notes were structured at a $13 per share conversion price, representing a 198% premium to the company’s July 18, 2025 closing price.
During the week ending July 25, 2025, BTCS sold 271,580 shares under its at-the-market program in a single block trade at $6.04 per share for $1.64 million. The total number of common shares outstanding now stands at 47,852,778.
“Surpassing $270 million in ETH reserves that are generating revenue and yield for our shareholders through NodeOps (staking) and Builder+ (block building) is a tremendous achievement,” said Charles Allen, CEO of BTCS.
The company reported raising approximately $207 million year-to-date through at-the-market equity sales, convertible debt, and decentralized finance-based borrowing. BTCS operates blockchain infrastructure services including ethereum staking and block building operations.
The Silver Spring, Maryland-based company describes itself as focusing on ethereum exposure through its operations that combine decentralized finance and traditional finance mechanisms.
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