Pudgy Penguins NFTs acquired by $BTCS, a $300M+ ETH holding Nasdaq-listed blockchain company.

Pudgy Penguins NFTs acquired by $BTCS, a $300M+ ETH holding Nasdaq-listed blockchain company.

BTCS Inc., a Nasdaq-listed blockchain company with a market capitalization exceeding $300 million, has recently acquired Pudgy Penguins NFTs. This acquisition follows the company's strategic focus on accumulating Ethereum (ETH) holdings, which currently stand at over $3 billion [3]. The move underscores BTCS's commitment to the crypto and NFT sectors.

The acquisition of Pudgy Penguins NFTs aligns with BTCS's broader strategy of building a robust Ethereum treasury. The company has been actively raising capital to expand its ETH holdings, with recent institutional offerings securing substantial funds. In August 2025, BTCS raised $400 million through a registered direct offering, adding to its prior $200 million in ATM proceeds [3]. This capital is being used to purchase additional ETH, further solidifying the company’s position as a major ETH holder.

BTCS's acquisition of Pudgy Penguins NFTs is part of a broader trend in the crypto and NFT sectors, where companies are increasingly integrating these digital assets into their treasury strategies. This move also signals BTCS's interest in diversifying its portfolio and capitalizing on the growing popularity of NFTs.

The acquisition of Pudgy Penguins NFTs comes amidst a surge in the price of Ethereum, which has seen significant growth over the past month. Ethereum has traded up over 50% to a value of more than $4,400 per token, with Bitcoin comparatively up a bit over 1% over the same period [2]. This price movement has driven interest in crypto and NFT assets, with companies like BTCS and SharpLink Gaming (SBET) expanding their holdings.

BTCS's stock has experienced notable volatility following the influx of institutional capital and the acquisition of Pudgy Penguins NFTs. Shares surged 12.7% post-announcement, reflecting market confidence in the company’s strategy of accumulating Ethereum and in the blockchain asset’s “transformative potential” [3].

In summary, BTCS's acquisition of Pudgy Penguins NFTs is a strategic move that aligns with its broader goal of expanding its Ethereum holdings. This acquisition reflects the company's commitment to the crypto and NFT sectors and its ability to capitalize on market trends.

References:
[1] https://www.ainvest.com/news/ethereum-news-today-sharplink-raises-400m-expand-ethereum-treasury-3b-2508/
[2] https://finance.yahoo.com/news/ethereum-treasury-company-bitmine-immersion-plans-to-issue-20-billion-worth-of-stock-to-buy-more-eth-132508469.html
[3] https://www.ainvest.com/news/ethereum-news-today-sharplink-secures-400m-expand-ethereum-treasury-strategy-2508/