US-listed BTCS Acquires Additional 2,731 Ethereum

Source
Son Min

Summary

  • BTCS announced that it had acquired an additional 2,731 Ethereum (ETH).
  • The total purchase amount was $8.24 million, and part of the funds was raised by borrowing $2.36 million worth of Tether (USDT) from the lending protocol Aave (AAVE).
  • As a result, BTCS's Ethereum holdings are now close to 31,855.

Blockchain company BTCS, listed on Nasdaq, has reportedly purchased an additional 2,731 Ethereum (ETH).

On the 15th (local time), BTCS announced on X (formerly Twitter), "We bought an additional 2,731 ETH yesterday. The total purchase amount is $8.24 million." It is known that, to finance this, they borrowed $2.36 million worth of Tether (USDT) from the lending protocol Aave (AAVE).

BTCS's current Ethereum holdings are close to 31,855.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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