Publicly traded company BTCS announced a $57.8 million financing agreement led by investment firm ATW Partners to purchase Ether as it expands its blockchain infrastructure strategy.
The Rockville, Maryland-based company data-ct-non-breakable=”null” href=”https://www.btcs.com/wp-content/uploads/2025/05/Convertible-Note-May-14-2025-vF.pdf” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.btcs.com/wp-content/uploads/2025/05/Convertible-Note-May-14-2025-vF.pdf”>announced the deal on May 14, saying that the move will allow it to expand validator node operations and build recurring revenue from Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) staking.
BTCS CEO Charles Allen said the move follows Strategy’s (formerly MicroStrategy) high-profile Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”null”>BTC) accumulation blueprint and will leverage Ethereum for long-term…
