Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan

Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan


Blockchain Technology Consensus Solutions (BTCS), a Nasdaq-listed firm with an Ethereum (ETH) treasury strategy, surged over 100% on Tuesday on a $100 million funding plan to acquire more ETH for its balance sheet.

The company aims to tap traditional and decentralized financial (DeFi) capital markets for the capital raise. It plans to use an existing, $250 million at-the-market

ATM$1.0079

Trending: BREAKING: Democrat Lawmaker ARRESTED For Drunk Driving & Fleeing Scene of Accident

offering to sell equity, a convertible debt arrangement with ATW Partners and borrowing stablecoins on DeFi lending protocol Aave {{AAVE}}. *]:col-start-1 [&>*]:row-start-1 [&_[data-jw-placement-id]]:w-full [&_.jwplayer]:aspect-video [&_.jwplayer]:!w-auto [&_.jwplayer]:!h-auto [&_.jwplayer]:!z-1″>

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)]

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!