BTCS (NASDAQ: BTCS) sells 10,000 ETH and trims Aave debt to $43.8M

Rhea-AI Filing Summary

BTCS Inc. reported that on February 5, 2026 it sold 10,000 ETH for total net proceeds of $18.7 million. The company used these proceeds to repay outstanding principal indebtedness on Aave, leaving a remaining Aave debt balance of $43.8 million, inclusive of accrued and unpaid interest.

Insights

Corporate finance analyst

BTCS converts crypto to cash to reduce Aave debt while retaining a sizable loan balance.

BTCS Inc. sold 10,000 ETH on February 5, 2026, generating net proceeds of $18.7 million. It immediately applied these funds to repay principal indebtedness on its Aave borrowing, indicating an effort to de-leverage or manage financing risk tied to that platform.

After this repayment, BTCS still carries a remaining Aave debt balance of $43.8 million, which includes accrued and unpaid interest. The transaction reduces exposure but maintains significant leverage, so overall financial impact will depend on future debt management actions disclosed in subsequent filings.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 5, 2026

BTCS INC.

(Exact name of registrant as specified in its charter)

Nevada		001-40792		90-1096644
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

303 W. Lancaster Ave. #336, Wayne, PA 19087

(Address of Principal Executive Offices, and Zip Code)

(202) 987-8368

Registrant’s Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		BTCS		The Nasdaq Stock Market (The Nasdaq Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On February 5, 2026, BTCS sold 10,000 ETH for total net proceeds of $18.7 million, and used net proceeds to repay outstanding principal indebtedness on Aave. After giving effect to the repayment, BTCS’s remaining debt balance on Aave is $43.8 million, inclusive of accrued and unpaid interest.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BTCS INC.
Date: February 6, 2026	By:	/s/ Charles W. Allen
	Name:	Charles W. Allen
	Title:	Chief Executive Officer

FAQ

What transaction did BTCS (BTCS) disclose in its latest 8-K?

BTCS disclosed that it sold 10,000 ETH for net proceeds of $18.7 million. The company then used the entire amount to repay outstanding principal indebtedness on the Aave platform, reducing but not eliminating its crypto-related borrowing exposure.

How much debt does BTCS (BTCS) still owe on Aave after the ETH sale?

After the transaction, BTCS reports a remaining Aave debt balance of $43.8 million. This figure is stated as inclusive of accrued and unpaid interest, meaning it reflects both principal and the interest that has accumulated but not yet been paid.

How much ETH did BTCS (BTCS) sell and for what proceeds?

BTCS sold 10,000 ETH, generating total net proceeds of $18.7 million. Net proceeds typically represent the cash received after transaction-related costs, so this figure reflects the amount actually available to apply toward liabilities such as debt repayment.

What did BTCS (BTCS) use the $18.7 million in net proceeds for?

BTCS used the $18.7 million in net proceeds from selling 10,000 ETH to repay outstanding principal indebtedness on Aave. This indicates the company prioritized reducing its borrowing on that platform rather than deploying the funds for other corporate purposes.

What date did BTCS (BTCS) complete the ETH sale and debt repayment?

BTCS states that on February 5, 2026, it sold 10,000 ETH for net proceeds of $18.7 million and used those proceeds to repay principal indebtedness on Aave. The same date is identified as the earliest event reported in the filing.