📊 Important News: BTCS Inc. strengthens its portfolio by purchasing thousands of Ethereum through decentralized financing!
📢 In a bold move, BTCS Inc., a publicly traded company, borrowed $2.34 million from the Aave protocol using USDT to buy an additional 2,731 Ethereum, raising its holdings to 31,855 ETH worth nearly $96 million.
📊 Analysis and Forecast: Relying on DeFi protocols for financing the purchase reflects increasing confidence among institutions in decentralized infrastructure, and indicates a strong belief from BTCS in the future of Ethereum as a strategic asset in the long term.
🏦 An institution borrowing from DeFi
🔥 And buying ETH worth tens of millions
— Is this a sign of an impending institutional wave?
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