Silver Spring, Maryland–(Newsfile Corp. – May 20, 2025) – BTCS Inc. BTCS (“BTCS” or the “Company”), a blockchain technology-focused company, today announced the acquisition of 3,450 Ether (ETH) for approximately $8.42 million, using proceeds from recent financings. The purchases were made at an average price of $2,441 per ETH.
As of May 16, 2025, BTCS holds approximately 12,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 38%. This growth contributed to the fair market value of the Company’s total cryptocurrency holdings and cash reaching approximately $38.42 million, representing an 88% increase since the start Q2 2025.
“Ethereum remains at the core of our blockchain infrastructure strategy,” said Charles Allen, Chief Executive Officer of BTCS. “By expanding our ETH position, we are strengthening the foundation that allows us to scale validator operations, grow staking revenue, and drive long-term…
