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BTCS Inc. Closes Issuance Of ~$10M In Convertible Notes; Increases ETH Reserves By 14,240 To 70,028 Via Hallmark DeFi/TradFi Flywheel Accretion Strategy

Author: Benzinga Newsdesk | July 28, 2025 07:06am

BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced the successful closing of its issuance of approximately $10 million in above marked convertible notes. This financing, structured at a compelling $13 per share conversion price, a 198% premium to BTCS's July 18, 2025 closing price, furthered the Company's hallmark DeFi/TradFi Accretion Flywheel strategy.

In conjunction with this issuance and ongoing strategic capital deployment, BTCS has increased its Ethereum (ETH) reserves by 14,240 ETH, bringing total holdings to 70,028 ETH with a fair market value of approximately $270 million based on an ETH price of $3,850. Further, during the week ending July 25, 2025 the Company only sold 271,580 shares under its ATM program in a single block trade at $6.04 per share for $1.64 million. As a result, the total number of common shares outstanding now stands at 47,852,778.

Posted In: BTCS

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