Odaily Planet Daily News: Blockchain technology company BTCS (NASDAQ: BTCS) announced on Wednesday that it has reached an agreement with ATW Partners to finance up to $57.8 million through convertible bonds, with all funds to be used for the acquisition of Ethereum (ETH). The first tranche of $7.8 million in bonds has been issued, and the remaining $50 million will be launched in batches according to mutual agreement. BTCS Chairman and CEO Charles Allen stated: 'We are following MicroStrategy's strategy of accumulating Bitcoin, systematically increasing our Ethereum holdings.' It is reported that BTCS mainly operates Ethereum/BNBChain validation nodes, cryptocurrency staking, and on-chain data analysis business.