BTCS to Raise $57.8 Million Through Convertible Note Offering for Strategic Ethereum Accumulation
According to ChainCatcher, as reported by Bitcoin.com, the Nasdaq-listed blockchain company BTCS (stock code: BTCS) announced that it has raised $57.8 million through convertible notes for the strategic increase of Ethereum holdings. The initial $7.8 million bond has been subscribed by ATW Partners.
The company's CEO, Charles Allen, personally invested $95,000, with his associated trust co-investing $200,000. The funds will be used to purchase Ethereum to expand the validation node and staking business.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain whale address sold all 7,654 ETH one hour ago, making a profit of about $4 million.
A Whale Address Emptied 7,654 ETH One Hour Ago, Profiting Around $4 Million
Yesterday, the net inflow of spot BTC ETFs reached a nearly two-week high.
Trending news
MoreCrypto prices
More
