Ethereum News Today: BTCS Surges ETH Holdings 25% to 70028, Raises $10M at 198% Premium

BTCS Inc. (Nasdaq: BTCS) has executed a strategic capital raise and expanded its Ethereum (ETH) reserves, marking a significant milestone in its DeFi/TradFi Accretion Flywheel strategy. The company raised approximately $10 million through convertible notes priced at $13 per share, a 198% premium to its July 18, 2025, closing price of $4.38. This financing, described as “above-market,” aligns with BTCS’s broader objective to leverage DeFi and TradFi mechanisms to enhance shareholder value [1].

The capital infusion coincided with a substantial increase in the firm’s ETH holdings. BTCS added 14,240 ETH to its portfolio, elevating its total reserves to 70,028 ETH. At a reference price of $3,850 per ETH, the fair market value of these holdings now approximates $270 million. The company emphasized that these reserves are generating revenue through staking (NodeOps) and block-building (Builder+) initiatives [1]. Charles Allen, CEO of BTCS, highlighted the milestone as evidence of market confidence in the firm’s strategy, stating, “Surpassing $270 million in ETH reserves generating yield is a tremendous achievement” [1].

The financing included a single-block trade under BTCS’s at-the-market (ATM) program, where 271,580 shares were sold at $6.04 per share, raising $1.64 million in the week ending July 25, 2025. This complements year-to-date fundraising of $207 million through a mix of ATM equity sales, convertible debt, and DeFi-based borrowing. The total outstanding common shares now stand at 47,852,778 [1].

BTCS’s approach to capital deployment reflects a balance between optimizing ETH exposure and managing dilution. The convertible notes, issued at a 198% premium, underscore investor willingness to support the company’s hybrid strategy of integrating decentralized finance (DeFi) with traditional financial (TradFi) frameworks. By staking and building blocks, the firm aims to monetize its crypto assets while adhering to regulatory and operational standards [1].

The 14,240 ETH increase represents a 25% rise in holdings compared to the previous total of 55,788 ETH. This expansion, coupled with the capital raise, positions BTCS to further scale its NodeOps and Builder+ services, which generate recurring revenue streams from staking rewards and block-building fees. Analysts have noted that such strategies are critical for firms navigating the volatility of crypto markets while maintaining institutional-grade risk management [1].

Source: [1] [BTCS Boosts ETH Holdings, Raises $10M at 198% Premium] [https://coinmarketcap.com/community/articles/688770c13c1f324d51532f0e/].