Latest news with #BTCS
Barnama
22-07-2025
- Business
- Barnama
BTCS Inc. ETH and Cash Market Value Now $242 Million
SILVER SPRING, MD, July 22 (Bernama) -- BTCS Inc. (Nasdaq: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced that the combined market value of its 55,788 ETH holdings, cash¹, and other liquid holdings are approximately $242.2 million, based on an ETH price of $3,600. Additionally, the Company has agreed to issue $10 million in convertible notes through its previously established $56 million arrangement with ATW Partners LLC. While the funding is extremely modest relative to the $189 million raised year-to-date, the nearly 200% conversion premium is consistent with, and further demonstrates, BTCS's execution of its hallmark DeFi/TradFi Accretion Flywheel strategy. The Company limited this financing to $10 million as part of its strategy to maintain financial flexibility for opportunistic future leverage while maintaining its loan-to-value ratio below 40%. This approach aligns with BTCS's commitment to maximizing ETH exposure and minimizing shareholder dilution.
Hamilton Spectator
21-07-2025
- Business
- Hamilton Spectator
BTCS Inc. ETH and Cash Market Value Now $242 Million
Agrees to issue approximately $10 Million Convertible Notes at $13 per share, a 198% premium to July 18 close $189 million raised year-to-date through hallmark DeFi/TradFi Accretion Flywheel strategy SILVER SPRING, MD, July 21, 2025 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS ) ('BTCS' or the 'Company'), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced that the combined market value of its 55,788 ETH holdings, cash1, and other liquid holdings are approximately $242.2 million, based on an ETH price of $3,600. Additionally, the Company has agreed to issue $10 million in convertible notes through its previously established $56 million arrangement with ATW Partners LLC. While the funding is extremely modest relative to the $189 million raised year-to-date, the nearly 200% conversion premium is consistent with, and further demonstrates, BTCS's execution of its hallmark DeFi/TradFi Accretion Flywheel strategy. The Company limited this financing to $10 million as part of its strategy to maintain financial flexibility for opportunistic future leverage while maintaining its loan-to-value ratio below 40%. This approach aligns with BTCS's commitment to maximizing ETH exposure and minimizing shareholder dilution. DeFi/TradFi Accretion Flywheel Update BTCS is successfully executing its DeFi/TradFi Accretion Flywheel capital formation strategy, leveraging both decentralized and traditional finance to expand its ETH holdings, capitalize on its vertically integrated operations, and enhance shareholder value. The Company has raised capital through a mix of at-the-market equity sales, above-market convertible debt, and DeFi-based borrowing, executed in alignment with its strategy to optimize ETH exposure while actively managing dilution, as detailed below. Year-to-Date Funding Summary ATM Sales: $132 million1 (70%) Above-Market Convertible Debt: $17 million (9%) Aave Stablecoin Loans (DeFi): $40 million (21%) Total year-to-date funding: $189 million Total Crypto & Cash Assets: $242 million1 ETH Holdings: 55,788 (average cost per ETH: $2,846), a 516% year-to-date increase ' We believe that BTCS is the most financially and operationally leveraged Ethereum play in public markets today, ' said Charles Allen, CEO of BTCS. ' Our vertically integrated block-building and node operations are generating record revenue, and when combined with solid execution of our hallmark DeFi/TradFi Accretion Flywheel, BTCS offers investors scalable, high-growth exposure to Ethereum. ' ________________________________ 1 Inclusive of $28.4 million ATM sales at $7.9 per share pending settlement and funds from the pending closing of the $10 million convertible note. Above Market Convertible Note Financing The $10 million principal amount notes are convertible into common stock at a fixed conversion price of $13 per share, representing a 198% premium over the Company's $6.57 closing stock price on Friday, July 18, 2025. The notes have a two-year maturity, expiring on July 21, 2027, include a 5% original issue discount, and bear interest at an annual rate of 6%. In connection with the note issuance, five-year warrants will be issued at closing to purchase 879,375 shares of common stock at an exercise price of $8 per share, representing a 122% premium to the closing price on Friday, July 18, 2025. The funding is expected to close on or before Tuesday, July 22, 2025. Notably, the financing involves no investment banking fees or restrictive terms typically associated with using an investment bank or placement agent, which could hinder the execution of the Company's DeFi/TradFi Accretion Flywheel strategy. As part of the financing terms, the Company agreed that, while the notes remain outstanding, it will not amend its non-convertible Series V Preferred Shares to allow for conversion into common stock for a period of 18 months. Capital Structure Update To help investors accurately assess BTCS's intrinsic value and compare it with its peers, we're providing an updated breakdown of our capital structure. This summary provides additional information to supplement our SEC filings. Approximately 16 million shares of Series V are now excluded from the fully diluted share count, as they are non-convertible and, under the terms of the note financing, cannot be amended to be convertible for 18 months. In light of the restriction and given the new administration's growing acceptance of crypto and the broader recognition that real-world assets will be tokenized, the Company may re-explore various options to create liquidity for the Series V preferred shares, including potential tokenization on Ethereum's blockchain. However, it is still very early, and the Company can provide no guarantees or assurances that it will be able to tokenize or create liquidity for the Series V and may ultimately seek to convert the Series V to common stock when the restriction expires. As such, the Series V has been excluded from the table above. About BTCS: BTCS Inc. ('BTCS' or the 'Company'), short for Blockchain Technology Consensus Solutions, is a U.S.-based Ethereum-first blockchain technology company committed to driving scalable revenue and ETH accumulation through its hallmark strategy, the DeFi/TradFi Accretion Flywheel, an integrated approach to capital formation and blockchain infrastructure. By combining decentralized finance ('DeFi') and traditional finance ('TradFi') mechanisms with its blockchain infrastructure operations, comprising NodeOps (staking) and Builder+ (block building), BTCS offers one of the most sophisticated opportunities for leveraged ETH exposure, driven by scalable revenue generation and a yield-focused ETH accumulation strategy. Discover how BTCS offers operational and financial leveraged exposure to Ethereum through the public markets at . Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release constitute 'forward-looking statements' within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including statements regarding creating high growth exposure to Ethereum, creating liquidity for Series V, and closing of the $10 million note offering. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation market conditions, regulatory issues and requirements, unanticipated issues with our At-The-Market Offering facility, unexpected issues with Builder+, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law. For more information follow us on: Twitter: LinkedIn: Facebook: Investor Relations: Charles Allen – CEO X (formerly Twitter): @Charles_BTCS Email: ir@ A photo accompanying this announcement is available at
Yahoo
16-07-2025
- Business
- Yahoo
BTCS Joins Russell Microcap Index as Ether Treasury Firms Continue to Post Big Gains
Nasdaq-listed Blockchain Technology Consensus Solutions (BTCS) is joining the Russell Microcap Index, giving the Ethereum-focused firm greater exposure among investors who track the benchmark for smaller U.S. companies. The Maryland-based firm announced earlier this month a $100 million funding plan to acquire more ETH for its balance sheet. The firm says it runs blockchain operations like staking and block building, with a tilt toward the Ethereum ecosystem. It also develops tools such as ChainQ, an analytics platform designed to help users sift through blockchain data. Index inclusion means BTCS could appear in portfolios run by mutual funds and institutional managers who follow the Russell indexes, which are used to build funds and benchmark performance. That might translate into increased trading volume or new shareholders. BTCS shares are up more than 22% in pre-market trading, and over 100% in the past month. Several companies have over the last few weeks turned to an ether treasury reserve. In doing so, their share prices have surged, with GameSquare (GAME) being the latest example. The firm announced it scheduled a conference call to review its $100 million ether treasury strategy. Its shares are up 45% in pre-market trading, seemingly based on that announcement. SharpLink Gaming (SBET), the largest corporate holder of ETH after surpassing the Ethereum Foundation, is similarly up 16.6% in pre-market trading after rising 21.3% in yesterday's trading session. In the past 30 days it's up 122%. Ether itself is up around 20% over the past month as corporate adoption grows. Year-to-date, it's still down 5%. Bitcoin, in comparison, is up more than 25.7% so far this year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
14-07-2025
- Business
- Globe and Mail
BTCS Reaches $96.3 Million in Combined Crypto and Cash Market Value, Including 29,122 ETH Holdings
Year-to-Date Capital Raise of $62.4 Million Supports Execution of DeFi/TradFi Flywheel Strategy Silver Spring, MD, July 14, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, announced today that it has raised $62.4 million year-to-date in minimally dilutive capital while expanding BTCS's Ethereum holdings to 29,122 a 221% increase from year end 2024. ' By increasing our ETH per share while simultaneously driving meaningful revenue growth, we are building the premier Ethereum-focused public company,' said Charles Allen, CEO of BTCS. ' BTCS stands apart in two keyways: first, our hallmark DeFi/TradFi flywheel, enables us to access capital at a low cost and deliver, leveraged exposure to Ethereum, and second our established track record, we're the world's oldest public blockchain company and have been laser focused on Ethereum infrastructure for nearly five years. ' Ethereum Holdings Snapshot As of Friday, July 11, 2025, BTCS's ETH holdings include: Total ETH holdings: 29,122 ETH Market Value: $87.3 million at $3,000 per ETH Staked ETH: 4,160 via Rocket Pool Nodes, 6,300 via Solo Nodes, 4,382 in staking queue ETH posted to Aave as collateral: 14,280 with current annual earnings at approximately 2% ' We believe that BTCS is the most leveraged Ethereum play in public markets today, ' said Allen. ' Our vertically integrated block building and node operations are generating record revenue, and when combined with our unique financial structure, BTCS offers investors scalable, high-growth exposure to Ethereum. ' Sources of Capital Capital raised this year includes a combination of equity, convertible debt, and DeFi-based borrowing, aligned with BTCS's strategy of optimizing ETH exposure while managing dilution: ATM Sales: $39.5 million (63%) Above-Market Convertible Debt: $7.4 million (12%) Aave Stablecoin Loans (DeFi): $15.5 million (25%) Leverage Cap To support scalable growth while managing risk, BTCS operates with a 40% Net Asset Value ('NAV') leverage cap. This limit, encompassing the Company's convertible debt and DeFi borrowing through Aave, is a cornerstone designed to enhance shareholder upside from Ethereum's performance in a controlled manner. The following summarizes our estimated total assets, debt, and current debt-to-assets ratio as of July 11, 2025: Total Crypto & Cash Assets: $96.3 million Total Debt: $22.9 million Current Debt-to-Assets Ratio: 24% DeFi/TradFi Accretion Flywheel BTCS is pioneering its distinctive capital formation strategy, coined the DeFi/TradFi flywheel, which is designed to utilize both decentralized and traditional finance to scale ETH holdings, leverage the Company's vertically integrated operations, and ultimately drive shareholder value. This structure is designed to enable BTCS to grow revenue efficiently while maintaining transparency in our operations. Capital Structure Overview To help investors accurately assess BTCS's intrinsic value and compare it with peers, we provide the following breakdown of our capital structure. This summary provides additional information to supplement our SEC filings. Equity Instrument Outstanding Fully Diluted Common Shares 30,804,144 30,804,144 Common Shares - Subject to Forfeiture 1,149,801 1,149,801 Convertible Debt (Conversion Price = $5.85) 1,334,679 2025 Convert Warrants (Exercise Price = $2.75, exp. 5/13/2030) 988,766 2021 RD Warrant (Exercise Price = $11.50, exp. 3/4/2026) 712,500 Employee Options (Weighted Average Exercise Price = $2.22) 1,561,410 Series V Preferred Stock (1) 16,004,738 Total 31,953,945 52,556,038 (1) Shareholders have authorized the board to convert to common stock. This includes approximately 1.1 million shares held by insiders, subject to forfeiture if market capitalization performance milestones are not met. About BTCS: BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release constitute 'forward-looking statements' within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including statements regarding our fundraising goals, driving meaningful revenue growth, Ethereum infrastructure operations, leverage strategies, and potential business growth. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation market conditions, regulatory issues and requirements, unanticipated issues with our At-The-Market Offering facility, unexpected issues with Builder+, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law.
Yahoo
09-07-2025
- Business
- Yahoo
BTCS Inc. (BTCS) Stock Jumps 111.1%: Will It Continue to Soar?
BTCS Inc. (BTCS) shares soared 111.1% in the last trading session to close at $5.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.4% gain over the past four weeks. BTCS stock witnessed a significant price rise on July 8 after it announced a $100 million capital raise to buy Ethereum, aiming to become a leading Ethereum infrastructure firm. Additionally, BTCS leverages its competitive strengths through a dual focus on Ethereum block-building via Builder+ and validator node operations across various proof-of-stake (PoS) and delegated PoS networks. Its non-custodial staking model enhances trust and scalability, while the AI-powered ChainQ analytics platform boosts data transparency. The company prioritizes security, maintaining 98% of crypto assets in encrypted cold storage, and employs proprietary infrastructure to optimize performance and efficiency. This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -75%. Revenues are expected to be $1.7 million, up 203.6% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For BTCS Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BTCS going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> BTCS Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Ponce Financial (PDLB), closed the last trading session 1.4% higher at $14.36. Over the past month, PDLB has returned 6.6%. Ponce Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. Compared to the company's year-ago EPS, this represents a change of +21.4%. Ponce Financial currently boasts a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BTCS Inc. (BTCS) : Free Stock Analysis Report Ponce Financial Group, Inc. (PDLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
