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BTCS announced that it has increased its holding of 14,240 ETH, surpassing a total of 70,000 ETH held.

By: theblockbeats.news|2025/07/28 11:42:11

BlockBeats News, July 28th, according to official sources, BTCS Inc. announced an increase in holdings of 14,240 ETH, bringing its total holdings to 70,028 ETH. Based on an Ethereum price of $3,850, the current holding is valued at approximately $270 million.

Furthermore, the official statement indicated that BTCS has successfully completed a $10 million convertible note offering. The conversion price for this financing is $13 per share, representing a 198% premium to BTCS's closing price on July 18, 2025.

Impacted by this news, pre-market trading of BTCS in the US stock market saw an extended gain of 10.24%, with a pre-market price of $5.6.

Affected by the Purchase of 14,000 ETH, BTCS Pre-market Gain Expanded to 10.24%

4 Whale Addresses withdrew a total of approximately 123,000 SOL from CEXs within a day