Summary
- It was reported that BTCS announced a $100 million fundraising plan to acquire additional Ethereum (ETH).
- The fundraising methods are said to include convertible bonds, at-the-market (ATM) stock offering, and staking rewards.
- BTCS stated that with this plan, it aims to increase the amount of Ethereum held per share and enhance shareholder value.
Blockchain company BTCS, listed on NASDAQ, has announced a $100 million fundraising plan to acquire additional Ethereum (ETH).
On the 8th (local time), BTCS stated on X (formerly Twitter), "We plan to raise $100 million this year to accumulate more Ethereum." The fundraising methods presented include: △convertible bonds △at-the-market (ATM) stock offering △staking rewards, among others.
BTCS said, "Through this plan, we aim to increase the amount of Ethereum held per share, thereby enhancing shareholder value," adding, "We will take the lead in building a company focused on Ethereum infrastructure."
Currently, BTCS holds 14,600 ETH.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
