BTCS Q2 rev. at $2.77mln, up 394% YoY; ETH holdings exceed $321mln.

Thursday, Aug 14, 2025 7:05 am ET1min read

• BTCS reports record quarterly revenue of $2.77 million • Post-quarter ETH holdings surpass $321 million • Q2 2025 revenue increases 394% YoY • Ethereum-focused growth strategy drives success • Balance sheet strengthened through ETH accumulation • Company positions itself for future growth

BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, reported its financial results for the second quarter of 2025, showcasing significant growth and strategic advancements. The company achieved a record quarterly revenue of $2.77 million, a 394% year-over-year increase from the previous quarter [1].

The company's Ethereum-focused growth strategy has proven successful, with Builder+ operations driving a 394% year-over-year revenue increase. This growth is attributed to the scaling of infrastructure and disciplined accumulation of ETH, which has bolstered the company's balance sheet and positioned it for sustained long-term value creation [1].

Post-quarter ETH holdings have surpassed $321 million, reflecting the company's strategic focus on Ethereum. This significant increase is a result of the company's aggressive scaling of block-building operations and strategic divestitures of non-Ethereum crypto assets [1].

BTCS has also strengthened its balance sheet through various financing activities. The company raised $4.1 million from ATM common stock sales, $4.0 million from ETH-backed DeFi borrowing through Aave, and $7.3 million from the issuance of a senior secured convertible note. These activities provided flexible liquidity while minimizing dilution [1].

The company's gross margin for Q2 2025 was negative at 2.9%, compared to 69.9% in Q2 2024. This reflects the company's strategic investments in scaling Ethereum block-building operations to capture market share and accelerate ETH accumulation [1].

BTCS expects margins to improve over time as operations are further optimized and economies of scale take hold. The company's Ethereum-first strategy and DeFi/TradFi ETH Accretion Flywheel position it to scale revenue-generating infrastructure while maintaining an aggressive ETH accumulation posture [1].

References:
[1] https://www.morningstar.com/news/globe-newswire/9512285/btcs-reports-q2-2025-results

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