Publicly traded company BTCS has significantly increased its Ethereum exposure by leveraging decentralized finance protocols to expand its cryptocurrency portfolio. The firm secured a $2.34 million USDT loan through lending platform Aave, combining these funds with existing capital to purchase 2,731 additional ETH worth $8.23 million.
This acquisition brings BTCS’s total Ethereum reserves to 31,855 ETH. The latest investment elevates the company’s combined cryptocurrency portfolio and cash reserves to a market valuation of approximately $100.6 million.
The strategic transaction underscores BTCS’s commitment to scaling its crypto asset base through both direct purchases and innovative use of DeFi infrastructure. By utilizing Aave for liquidity, BTCS continues to actively manage its treasury expansion within the digital asset ecosystem.