BTCS Inc. (Nasdaq: BTCS) Boosts Ethereum Holdings With $8.42M Crypto Investment

BTCS Inc. (Nasdaq: BTCS), a blockchain-focused technology company, announced the purchase of 3,450 Ether (ETH) valued at $8.42 million.

BTCS Inc. (Nasdaq:BTCS), a technology company focused on blockchain, has announced the purchase of 3,450 Ether (ETH) for a total value of $8.42 million.

The company used the net proceeds from recent convertible note and equity financing to make the acquisition at an average price of $2,441 per ETH.

As of May 16, 2025, BTCS now holds approximately 12,500 Ether, an addition to the 8,053 Ether reported in its first quarter earnings statement. At the end of Q1 2025, BTCS had 9,063 Ether.

This new purchase represents a 38% increase in BTCS’s Ethereum holdings and pushes the company’s total cryptocurrency and cash value to approximately $38.42 million. Since the start of Q2 2025, this figure has seen an 88% growth.

“Ethereum remains central to our broader blockchain infrastructure strategy,” said Charles Allen, CEO of BTCS. “Growing our ETH position helps us to scale validator operations, increase staking revenue, and ultimately deliver enduring value to shareholders.”

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BTCS continues to invest in Ethereum as it develops advanced blockchain-based financial services and infrastructure.

Earlier this year, BTCS unveiled plans to expand its operations with the introduction of a new institutional-grade digital asset custody service. This service is designed to provide a secure and compliant platform for institutions to manage their cryptocurrency holdings.

Moreover, BTCS is in the process of developing an advanced liquidity solutions service, aiming to facilitate seamless token movements and streamline cryptocurrency transactions.

In the first quarter of 2025, BTCS reported a loss of $0.08 per share, exceeding analysts’ expectations by two cents per share, while revenue came in below estimates. Despite the loss, BTCS’s adjusted earnings per share met estimates.