Ethereum News Today: BTCS buys $55M in ETH boosts holdings to 70,028 tokens as shares rise 6%

BTCS Inc. (BTCS), a Nasdaq-listed company, has acquired 14,240 ether (ETH) valued at $55 million, bringing its total ETH holdings to 70,028 tokens, which are currently valued at approximately $270 million at a price of $3,850 per ETH [1]. The purchase, disclosed on July 28, 2025, is part of the firm’s strategy to expand its Ethereum treasury through a combination of capital markets access and operational services such as NodeOps (staking) and Builder+ (block building) [1].

The company also announced the completion of a $10 million convertible note offering with a $13-per-share conversion price, representing a 198% premium over its July 18 closing stock price of $4.36 [1]. This move follows a broader financing initiative that includes $207 million raised year-to-date through at-the-market equity sales, convertible debt, and DeFi-based borrowing, which BTCS describes as part of its “DeFi/TradFi Accretion Flywheel” model [1]. The firm stated that proceeds from these fundraisers will fund further Ethereum accumulation and infrastructure expansion.

BTCS’s approach distinguishes itself from competitors like SharpLink Gaming and BitMine Immersion, which rely solely on public market and private investment strategies for ETH acquisitions [1]. By integrating staking, block-building, and leveraged financing, the company aims to generate recurring revenue tied to Ethereum network activity while amplifying exposure to the asset’s price performance.

Market reactions to the developments have been positive. Shares of BTCS rose 6% in pre-open trading hours, according to Yahoo Finance data [1]. The firm’s expanding ETH holdings and innovative capital structure highlight its role as a key player in the Ethereum-focused treasury space. However, the strategy’s reliance on volatile asset prices and high-cost debt raises questions about long-term sustainability, particularly given the company’s $1.64 million recent equity sale through an at-the-market program [1].

The Block’s reporting underscores BTCS’s aggressive tactics in leveraging traditional and decentralized finance tools to scale operations. As the firm continues to expand its Ethereum reserves, its performance will likely be scrutinized by investors seeking to gauge the effectiveness of its hybrid financial model [1].

Source: [1] [title1Nasdaq-listed BTCS buys $55 million in ETH, boosting holdings to over 70,000 ETH] [url1https://www.theblock.co/post/364388/nasdaq-listed-btcs-buys-55-million-in-eth-boosting-holdings-to-over-70000-eth?utm_source=rss&utm_medium=rss]