BTCS Reaches $96.3 Million in Combined Crypto and Cash Market Value, Including 29,122 ETH Holdings
BTCS Inc. (Nasdaq: BTCS) has reported significant growth in its crypto and cash market value, reaching $96.3 million, with substantial Ethereum holdings of 29,122 ETH valued at $87.3 million. The company has successfully raised $62.4 million in capital year-to-date through multiple channels: 63% from ATM sales, 12% from above-market convertible debt, and 25% from DeFi loans.
The company's ETH holdings have increased 221% from year-end 2024, with 14,842 ETH actively staked through various nodes and 14,280 ETH posted as collateral on Aave. BTCS maintains a conservative 24% debt-to-assets ratio, well below their 40% NAV leverage cap, demonstrating prudent risk management while executing their DeFi/TradFi flywheel strategy.
The company's fully diluted share count stands at 52,556,038 shares, including various equity instruments and convertible securities.
BTCS Inc. (Nasdaq: BTCS) ha registrato una crescita significativa nel valore di mercato delle sue criptovalute e liquidità, raggiungendo 96,3 milioni di dollari, con consistenti detenzioni di Ethereum pari a 29.122 ETH, valutate 87,3 milioni di dollari. L'azienda ha raccolto con successo 62,4 milioni di dollari di capitale dall'inizio dell'anno tramite diversi canali: 63% dalle vendite agli ATM, 12% da debito convertibile a tassi superiori al mercato e 25% da prestiti DeFi.
Le detenzioni di ETH dell'azienda sono aumentate del 221% rispetto alla fine del 2024, con 14.842 ETH attivamente messi in staking attraverso vari nodi e 14.280 ETH utilizzati come garanzia su Aave. BTCS mantiene un rapporto debito/attivi prudente del 24%, ben al di sotto del limite di leva NAV del 40%, dimostrando una gestione del rischio oculata mentre implementa la sua strategia DeFi/TradFi flywheel.
Il numero totale di azioni completamente diluite dell'azienda è pari a 52.556.038, inclusi vari strumenti azionari e titoli convertibili.
BTCS Inc. (Nasdaq: BTCS) ha reportado un crecimiento significativo en el valor de mercado de sus criptomonedas y efectivo, alcanzando 96,3 millones de dólares, con importantes tenencias de Ethereum de 29.122 ETH valoradas en 87,3 millones de dólares. La compañía ha recaudado con éxito 62,4 millones de dólares en capital en lo que va del año a través de múltiples canales: 63% por ventas en cajeros automáticos, 12% por deuda convertible por encima del mercado y 25% por préstamos DeFi.
Las tenencias de ETH de la empresa han aumentado un 221% desde finales de 2024, con 14.842 ETH apostados activamente a través de varios nodos y 14.280 ETH como garantía en Aave. BTCS mantiene una relación deuda/activos conservadora del 24%, muy por debajo de su límite de apalancamiento NAV del 40%, demostrando una gestión prudente del riesgo mientras ejecuta su estrategia DeFi/TradFi flywheel.
El número total de acciones diluidas de la compañía es de 52.556.038, incluyendo diversos instrumentos de capital y valores convertibles.
BTCS Inc. (나스닥: BTCS)는 암호화폐 및 현금 시장 가치가 크게 성장하여 9,630만 달러에 도달했으며, 29,122 ETH의 상당한 이더리움 보유량이 8,730만 달러로 평가되었습니다. 회사는 올해 들어 여러 경로를 통해 6,240만 달러의 자본을 성공적으로 조달했으며, 이 중 63%는 ATM 판매, 12%는 시장 이상 전환 가능 부채, 25%는 DeFi 대출에서 나왔습니다.
회사의 ETH 보유량은 2024년 말 대비 221% 증가했으며, 14,842 ETH는 다양한 노드를 통해 적극적으로 스테이킹 중이고, 14,280 ETH는 Aave에 담보로 제공되어 있습니다. BTCS는 보수적인 24% 부채 대비 자산 비율을 유지하고 있으며, 이는 40% NAV 레버리지 한도보다 훨씬 낮아 신중한 위험 관리를 보여주면서 DeFi/TradFi 플라이휠 전략을 실행하고 있습니다.
회사의 완전 희석 주식 수는 52,556,038주로, 다양한 주식 및 전환 증권을 포함합니다.
BTCS Inc. (Nasdaq : BTCS) a annoncé une croissance significative de la valeur de marché de ses cryptomonnaies et liquidités, atteignant 96,3 millions de dollars, avec d'importantes détentions d'Ethereum de 29 122 ETH évaluées à 87,3 millions de dollars. La société a réussi à lever 62,4 millions de dollars de capital depuis le début de l'année via plusieurs canaux : 63% provenant des ventes aux distributeurs automatiques, 12% de dettes convertibles au-dessus du marché, et 25% de prêts DeFi.
Les avoirs en ETH de l'entreprise ont augmenté de 221% depuis la fin de 2024, avec 14 842 ETH activement stakés via divers nœuds et 14 280 ETH déposés en garantie sur Aave. BTCS maintient un ratio dette/actifs conservateur de 24%, bien en dessous de leur plafond de levier NAV de 40%, démontrant une gestion prudente des risques tout en exécutant leur stratégie DeFi/TradFi flywheel.
Le nombre total d'actions entièrement diluées de la société s'élève à 52 556 038, incluant divers instruments de capitaux propres et titres convertibles.
BTCS Inc. (Nasdaq: BTCS) verzeichnete ein signifikantes Wachstum seines Krypto- und Bargeldmarktwerts und erreichte 96,3 Millionen US-Dollar, mit beträchtlichen Ethereum-Beständen von 29.122 ETH, bewertet mit 87,3 Millionen US-Dollar. Das Unternehmen hat im laufenden Jahr erfolgreich 62,4 Millionen US-Dollar Kapital über verschiedene Kanäle aufgenommen: 63% durch ATM-Verkäufe, 12% durch über dem Markt liegende wandelbare Schulden und 25% durch DeFi-Darlehen.
Die ETH-Bestände des Unternehmens sind seit Ende 2024 um 221% gestiegen, mit 14.842 ETH, die aktiv über verschiedene Nodes gestaked werden, und 14.280 ETH, die als Sicherheit bei Aave hinterlegt sind. BTCS hält eine konservative Schulden-zu-Vermögenswert-Quote von 24%, deutlich unter ihrer NAV-Leverage-Grenze von 40%, was eine vorsichtige Risikobewertung zeigt, während die DeFi/TradFi Flywheel-Strategie umgesetzt wird.
Die vollständig verwässerte Aktienanzahl des Unternehmens beträgt 52.556.038 Aktien, einschließlich verschiedener Eigenkapitalinstrumente und wandelbarer Wertpapiere.
- Substantial ETH holdings increase of 221% to 29,122 ETH valued at $87.3 million
- Successfully raised $62.4 million in minimally dilutive capital year-to-date
- Conservative debt-to-assets ratio of 24%, well below 40% NAV leverage cap
- Diversified staking strategy generating revenue through Rocket Pool and Solo nodes
- Additional revenue stream from Aave collateral earning approximately 2% annually
- Significant potential dilution with fully diluted share count of 52.6M vs 31.9M current shares
- Heavy concentration in single cryptocurrency (Ethereum) creates substantial price risk
- Large portion of ETH (14,280) locked as collateral in Aave, limiting flexibility
Insights
BTCS significantly expanded ETH holdings to 29,122 tokens, raised $62.4M capital YTD, while maintaining conservative 24% debt-to-assets ratio.
BTCS has strategically positioned itself as an Ethereum-focused public company with significant scale, now holding 29,122 ETH valued at approximately
The capital raise of
BTCS employs a sophisticated staking strategy with their ETH: 4,160 ETH via Rocket Pool Nodes, 6,300 ETH via Solo Nodes, 4,382 ETH in staking queue, and 14,280 ETH posted to Aave as collateral earning approximately
From a risk management perspective, BTCS maintains a self-imposed
The capital structure reveals approximately 32 million outstanding shares currently, with potential dilution bringing the fully diluted count to 52.6 million shares. The Series V Preferred Stock represents the largest potential dilution factor at over 16 million shares, though conversion requires board approval.
Year-to-Date Capital Raise of
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
“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:
Above-Market Convertible Debt:
Aave Stablecoin Loans (DeFi):
Leverage Cap
To support scalable growth while managing risk, BTCS operates with a
- 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 = | 1,334,679 | |
| 2025 Convert Warrants (Exercise Price = | 988,766 | |
| 2021 RD Warrant (Exercise Price = | 712,500 | |
| Employee Options (Weighted Average Exercise Price = | 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 www.btcs.com.
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.
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Investor Relations:
Charles Allen – CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com
FAQ
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