Blockchain technology consensus solutions (BTC)A company that is quoted in Nasdaq with an Ethereum (Eth) The treasure strategy increased more than 100% on Tuesday in a $ 100 million financing plan to acquire more ETH for balance.
The company aims to make traditional and decentralized financials take (Defi) Capital markets for the increase in the capital. Plans to use an existing market of $ 250 million
Offering when selling Equity, a convertible debt agreement with ATW Partners and Stablecoins loans in the defi aave loan protocol Bird.
“We believe that Ethereum has a significant growth potential and is essential for the future digital financial infrastructure,” said CEO Charles Allen in a statement. “Our approach to capital formation has been, and remains, designed to minimize dilution, maximize flexibility and align with our commitment to solid financial management for the protection of our shareholders.”
Public companies with cryptographic treasury strategies are fashionable on Wall Street, following the play book of Michael Saylor’s strategy, the largest corporate bitcoin
Holder in the world. The trend has also expanded to Ethereum, with companies like Sharplink Gaming (Sbet)Bits mine immersion (BMNR)and digital bit (BTBT) Announcing plans to acquire and maintain ETH as an asset of the Treasury and also participate in the operational validators of the network.
BTCS was a pioneer of this trend long before others have climbed into the car: it has been operating as a blockchain company since 2014 and starting to focus on Ethereum in 2021, buying ETH and operational validators. The firm was 14,600 ETH as of June, for a value of about $ 38 million at current prices.
Read more: Tom Lee’s bitmine increases 3,000% from Eth Treasury’s strategy, but Sharplink’s fall guarantees caution
