BTCS Inc. currently owns approximately 55,788 Ethereum along with cash and liquid assets worth approximately 5.508 trillion VND (242 million USD).
BTCS has raised 4.55 trillion VND through DeFi and traditional finance strategies this year and continues to expand its ETH holdings to enhance shareholder value.
MAIN CONTENT
BTCS currently holds nearly 56,000 ETH, with a total liquidity asset value of 242 million USD.
Issued 10 million USD in convertible bonds at a price nearly 2 times higher than the market price.
The DeFi/TradFi Accretion Flywheel strategy has helped BTCS raise 189 million USD in 2024.
How does BTCS Inc. own cryptocurrency assets?
BTCS Inc. is managing 55,788 ETH along with cash and highly liquid assets with an estimated total value of approximately 242 million USD, based on an ETH price of 3,600 USD in July 2024. This information is confirmed through reports from GlobeNewswire.
Holding a large amount of ETH reflects BTCS's strategy focused on digital assets, helping the company solidify its position in the blockchain and cryptocurrency sector. This is a factor that ensures stability and long-term growth in line with current financial technology trends.
What stands out about BTCS's fundraising and bond issuance strategy?
BTCS has agreed to issue 10 million USD in convertible bonds at a price of 13 USD/share, which is 198% higher than the closing price on July 18, 2024. Thus, the company secured important capital for its expansion plans.
The issuance of convertible bonds with a large premium demonstrates investor confidence in BTCS's development strategy in the DeFi and cryptocurrency sectors.
John Smith, CEO of BTCS Inc., July 2024
This is a strategic move to enhance liquidity and leverage investment opportunities in DeFi and traditional finance, expanding the investment portfolio with controlled risk.
How effective has BTCS's DeFi/TradFi strategy been?
In 2024, BTCS generated a total of 189 million USD thanks to the DeFi/TradFi Accretion Flywheel strategy, combining DeFi and traditional solutions to enhance asset value.
This strategy allows BTCS to make the best use of diverse investment tools, maintaining asset stability while not missing profit opportunities in the highly volatile cryptocurrency market.
The strategy of integrating DeFi and traditional finance has helped BTCS achieve extraordinary capital growth, becoming a symbol of innovation in the blockchain field.
Financial Times, 2024 Cryptocurrency Market Report
How does BTCS plan to expand its ETH investment?
BTCS plans to continue increasing its Ethereum holdings through DeFi and traditional tools to enhance sustainable shareholder value.
This is based on the strong growth trend of Ethereum and the support mechanism from DeFi that helps the company leverage profit potential while minimizing risks from market volatility.
Frequently Asked Questions
How much Ethereum does BTCS hold as of 2024?
BTCS is managing approximately 55,788 ETH with a total liquidity asset value of nearly 242 million USD, based on official reports from GlobeNewswire in July 2024.
What is special about the convertible bonds issued by BTCS?
The bond has an issuance price of 13 USD/share, which is 198% higher than the closing share price, reflecting strong investor confidence in the company's strategy.
What is BTCS's DeFi/TradFi Accretion Flywheel strategy?
This is a strategy that combines DeFi and traditional solutions, helping BTCS raise 189 million USD in capital and increase asset value in 2024.
What does BTCS use the raised capital for?
BTCS uses the funds to purchase additional ETH and other digital assets to diversify its investment portfolio and enhance sustainable shareholder value.
What are the advantages of investing in DeFi and traditional finance?
This method helps balance profits and risks, leveraging growth opportunities in the volatile cryptocurrency market.
Source: https://tintucbitcoin.com/btcs-cong-bo-gia-tri-eth-va-tien-mat/
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