Ethereum-centric blockchain firm BTCS Inc. is making waves with a bold $2 billion share offering to expand its crypto acquisitions, according to a new SEC filing. The S-3 statement outlines plans to sell common stock in multiple phases, aiming to fund more digital asset purchases and general corporate purposes.
BTCS also disclosed the resale of over 5 million shares related to convertible notes and warrants, expecting around $12 million from their exercise. The company recently added 14,240 ETH to its holdings, totaling over 70,000 ETH valued at around $265 million.
As part of its “DeFi/TradFi Accretion Flywheel” strategy, BTCS leverages staking and block-building to generate yield. It joins a growing trend of firms integrating Ethereum into their balance sheets, a move some analysts see as offering higher upside compared to Bitcoin due to staking rewards.
Conclusion:
BTCS’s aggressive Ethereum strategy reflects a larger shift in corporate treasury trends—crypto isn’t just an investment, it's becoming infrastructure.
Takeaways:
BTCS filed to raise $2B for crypto acquisitions.
70,028 ETH now held by the firm.
Using a hybrid DeFi/TradFi strategy to generate ETH yield.
Highlights growing interest in Ethereum over Bitcoin for treasuries.
Source: The Block
