BTCS Surges 100% on $100M Ethereum Treasury Expansion Plan

Shares of Blockchain Technology Consensus Solutions (BTCS), a Nasdaq-listed blockchain firm, skyrocketed over 100% on Tuesday after announcing a bold $100 million funding initiative to expand its Ethereum (ETH) holdings. The company, known for its ETH-focused treasury strategy, aims to leverage both traditional and decentralized finance (DeFi) markets to raise capital and grow its digital asset reserves.

BTCS plans to use a combination of funding methods, including a $250 million at-the-market (ATM) equity offering, a convertible debt deal with ATW Partners, and borrowing stablecoins via DeFi lending protocol Aave (AAVE). The firm believes this diversified capital formation approach offers flexibility while minimizing shareholder dilution.

CEO Charles Allen emphasized BTCS’s long-term conviction in Ethereum, stating, “We believe that Ethereum has significant growth potential and is central to the future digital financial infrastructure.” He added that the strategy reflects the company’s focus on sound financial management and shareholder protection.

BTCS is part of a growing trend among public companies using crypto treasury strategies, mirroring Michael Saylor’s Bitcoin-focused playbook. Now, Ethereum is gaining attention as the next key treasury asset, with firms like Sharplink Gaming (SBET), Bitmine Immersion (BMNR), and Bit Digital (BTBT) also moving to accumulate ETH and operate validator nodes.

Founded in 2014, BTCS was an early adopter of blockchain technology and pivoted toward Ethereum in 2021. The firm held 14,600 ETH as of June, currently valued at around $38 million. With its new $100 million initiative, BTCS is positioning itself as a leading corporate holder and participant in the Ethereum ecosystem, further aligning itself with the digital infrastructure of the future.