Summary
- BTCS announced that it has raised its funding target to $225 million for additional purchases of Ethereum (ETH).
- They stated that convertible bonds, at-the-market (ATM) stock offerings, and staking income will be used as funding methods.
- Currently, BTCS owns 14,600 ETH.
Blockchain company BTCS, listed on Nasdaq, has increased its funding plan for additional purchases of Ethereum (ETH) to $225 million.
On the 8th (local time), BTCS announced via X (formerly Twitter), "We have raised our funding target to $225 million to accelerate our Ethereum accumulation strategy."
Previously, BTCS stated, "This year, we plan to raise $100 million to further accumulate Ethereum," presenting convertible bonds, at-the-market (ATM) stock offerings, and staking income as financing methods.
Currently, BTCS holds 14,600 ETH.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
