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SILVER SPRING, MD - BTCS Inc. (NASDAQ:BTCS), a blockchain technology company with a market capitalization of $125 million, announced Wednesday it has raised its funding target to $225 million to accelerate its Ethereum accumulation strategy. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The company, which operates validator nodes and block building services on the Ethereum network, said the increased funding will support its approach of generating recurring revenue while enhancing long-term value through ETH-denominated returns. The strategy appears to be gaining traction, with InvestingPro data showing impressive returns of 143% in the past week and 327% over the last year.
"This is about scaling ETH per share, not just raising capital," said Charles Allen, CEO of BTCS, in a press release statement. Allen cited a "maturing crypto regulatory environment and increased institutional focus on Ethereum" as reasons for expanding the company’s strategy.
BTCS indicated it plans to issue a detailed update on recent Ethereum purchases within the next week as it continues to execute what it calls its "DeFi/TradFi flywheel."
The company’s operations include solo staking through validator nodes and a block-building operation called Builder+, which it says optimizes block construction for on-chain validation to maximize gas fee revenues.
BTCS also operates validator nodes across multiple proof-of-stake networks and has developed ChainQ, an AI-powered blockchain data analytics platform.
The funding announcement comes after BTCS filed its Form 10-K for the year ended December 31, 2024, on March 20, 2025.
In other recent news, BTCS Inc. announced its intention to raise $100 million in 2025 to acquire Ethereum, aiming to enhance its position in Ethereum infrastructure. The company plans to use a hybrid financing approach, combining decentralized finance and traditional finance mechanisms, including at-the-market equity sales and borrowing via Aave. BTCS has already acquired 1,000 ether for approximately $2.5 million through Aave, increasing its holdings by 61% from the first quarter of 2025. In another development, BTCS’s Builder+ block building business achieved a 2.7% market share of Ethereum transactions, securing direct order flow from MetaMask and four other partners. The company expects record-high revenue for the second quarter, despite acknowledging short-term margin pressures. In corporate governance, BTCS held its Annual Meeting of Shareholders, where all director nominees were elected, and the independent auditor for fiscal year 2025 was ratified. The meeting reflected strong shareholder support for the leadership and financial strategies of BTCS.
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