BTCS makes additional Ethereum purchase worth $55 million—total holdings approach 70,000 ETH
YM Lee
Summary
- BTCS announced that it purchased an additional 14,240 ETH at an average price of $3,850.
- With this acquisition, BTCS's Ethereum holdings increased to 70,028 ETH.
- BTCS stated that it is accumulating Ethereum by combining staking and block-building services.
Nasdaq-listed company BTCS announced that it has made an additional purchase of its strategic reserve of Ethereum (ETH).
According to The Block on the 28th (local time), BTCS purchased about 14,240 ETH at an average price of $3,850. With this acquisition, BTCS's Ethereum holdings have increased to 70,028 ETH. The current fair value of BTCS's Ethereum holdings is approximately $270 million.
BTCS is accumulating Ethereum through a combination of NodeOps (staking) and its block-building service, Builder+.
YM Lee
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