In a strategic crypto acquisition spree, BTCS, a Nasdaq-listed blockchain infrastructure firm, expands its Ethereum holdings, as a substitute of its namesake crypto, Bitcoin (BTC). With the most recent buy of three,450 ETH, valued at roughly $8.42 million, the platform presently holds round 12,500 tokens ($31.8 million), up from 9,063 ETH on the finish of Q1 2025. Notably, BTCS sees Ethereum as a foundational asset for the corporate’s operations in addition to its development. Based on CEO Charles Allen, the strategic addition of over $8 million in ETH to the corporate’s treasury goals to strengthen validator operations, enhance staking income, and drive long-term shareholder worth. BTCS Purchases 3.4K ETH: What’s Behind the Transfer? In an official press launch, BTCS CEO Charles Allen revealed the corporate’s newest acquisition of an enormous quantity of ETH at a median worth of $2,441 per token. Highlighting the importance of ETH within the platform’s development, the CEO acknowledged,… Read More at Coingape.com
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