BTCS disclosed that the company's ETH and cash market capitalization reached 242 million USD.

DailyNews
ETH-2,45%

PANews, July 21 - According to GlobeNewswire, blockchain technology company BTCS Inc. (NASDAQ: BTCS) announced that as of now, the market total value of its holdings of 55,788 Ether (ETH), cash, and other liquid assets is approximately $242 million (based on an ETH price of $3,600). Additionally, BTCS has agreed to issue approximately $10 million in convertible notes at a price of $13 per share, which is a 198% premium over the closing price on July 18. The company has raised a total of $189 million this year through its DeFi/TradFi Accretion Flywheel strategy and plans to continue expanding its ETH holdings through decentralized and traditional financial tools to enhance shareholder value.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments