BTCS Reveals Company’s ETH and Cash Holdings Total $242 Million
Odaily Planet Daily News: Blockchain technology company BTCS Inc. (NASDAQ: BTCS) announced that as of now, the total market value of its holdings—including 55,788 Ethereum (ETH), cash, and other liquid assets—amounts to approximately $242 million (calculated at an ETH price of $3,600). In addition, BTCS has agreed to issue approximately $10 million in convertible notes at a price of $13 per share, representing a 198% premium over the closing price on July 18. Over the year, the company has raised a total of $189 million through its DeFi/TradFi Accretion Flywheel strategy and plans to continue expanding its ETH holdings and enhancing shareholder value through both decentralized and traditional financial instruments. (GlobeNewswire)
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