BTCS Boosts Shareholder Value by Accumulating Ethereum
Main Idea
BTCS announced a $2 billion share sale plan to fund Ethereum acquisitions and enhance shareholder value, while expanding its crypto-focused yield model.
Key Points
1. BTCS filed an S-3 with the SEC for a $2 billion public offering of common shares to fund Ethereum investments and working capital.
2. The company acquired an additional 14,240 ETH, bringing its total holdings to 70,028 ETH (valued at ~$265.3 million).
3. BTCS's strategy includes a 'DeFi/TradFi Accretion Flywheel' model, leveraging staking yields and DeFi to generate returns.
4. BTCS shares closed at $5.05, reflecting a 2.13% drop on the day of the announcement.
5. The company also sought authorization for the resale of over $12 million in shares.
Description
BTCS plans a $2 billion equity distribution for cryptocurrency investments and corporate needs. The company's strategy involves expanding its Ethereum-centric balance sheet significantly. Continue Reading: BTCS Boosts Shareholder Value by Accumulating Ethereum The post BTCS Boosts Shareholder Value by Accumulating Ethereum appeared first on COINTURK NEWS .
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