BTCS plans to raise $2 billion to increase cryptocurrency investment

PANews reported on July 30th that BTCS Inc., a blockchain technology company focused on Ethereum, filed documents with the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $2 billion through multiple rounds of common stock offerings to fund future cryptocurrency acquisitions. BTCS currently holds approximately 70,028 Ether (ETH), valued at approximately $265.3 million. The company stated that the proceeds will be used to purchase digital assets, supplement working capital, and for other corporate purposes. In addition, BTCS has filed an S-3 statement covering over 5 million shares of common stock and expects to receive approximately $12 million from the exercise of warrants. BTCS is committed to continuously accumulating Ethereum assets and generating returns through diversified strategies such as capital markets, staking, and block construction.

BTCS plans to raise $2 billion to increase cryptocurrency investment

Popular Articles

Curated Series