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BTCs Boost Ethereum Holdings to 70,028 ETH After $10M Raise

Blockchain Technology Consensus Solution, or BTCs Inc., has added 14,240 ETH to its reserves, bringing it to a total of 70,028 ETH. Given the current price of ETH, which stands at $3,850 per coin, the amount is now valued at about $270 million.

BTCs Boost ETH holding | Source: X

This purchase comes after the company completed a $10 million convertible note issuance that was priced at $13 per share, a  198% premium compared to BTCS’s closing price on July 18, 2025.

According to the company, this raise in capital is part of its ongoing strategy to combine decentralized finance (DeFi) and traditional finance (TradFi), calling it the Flywheel Accretion strategy.

By raising funds and buying more ETH, BTCs aims to generate more revenue and value for its shareholders. This involves using its  ETH holdings to earn income through NodeOps by staking Ethereum, and Builder+, which focuses on block building.

“Surpassing $270 million in ETH reserves that are generating revenue and yield for our shareholders through NodeOps (staking) and Builder+ (block building) is a tremendous achievement.”, said Charles Allen, CEO of BTCS

He also expressed confidence in the company’s strategy by noting, “Successfully closing the $10 million financing at a substantial premium is yet another testament to the strength and market confidence in our hallmark DeFi/TradFi Accretion Flywheel strategy.”

In addition to the convertible note, BTCS also sold 271,580 shares in one big trade for $6.04 each during the week ending July 25. This sale brought in about $1.64 million. After this, the company has 47,852,778 shares available in the market.

So far this year, BTCS has raised about $207 million by selling shares, issuing special notes above the market price, and borrowing money through DeFi strategies. The company aims to keep growing its Ethereum holdings while controlling how much its stock gets spread out.

Also Read: CEA Industries announce $500M PIPE to Build Largest BNB Treasury

Richard Ogunjobi

Richard Ogunjobi is a well-experienced crypto journalist who has covered topics that cut across several topics and niches. Richard has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, and loving traveling.

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