PANews reported on May 21 that BTCS (stock code: BTCS ), a Nasdaq-listed blockchain company, recently spent $8.42 million to purchase 3,450 Ethereum at an average price of $2,441, increasing its total ETH holdings to approximately 12,500, a 38% increase from the end of Q1 2025. The company's total market value of crypto assets and cash is currently $38.42 million, a quarterly increase of 88%. BTCS said it will continue to deploy verification nodes with Ethereum as the core, expand staking income and enhance long-term shareholder value.