Btcs COO Handerhan sells $677k in shares

BTCS Inc. (OTC:BTCS), a blockchain technology company whose stock has surged 293% over the past year, reported a significant insider transaction. Chief Operating Officer Michal Handerhan sold 112,779 shares of common stock on July 16, 2025, for approximately $677,091. The sales occurred at prices ranging from $6.00 to $6.025, slightly below the current trading price of $6.57.

Following the transaction, Handerhan directly owns 1,641,581 shares of BTCS Inc. common stock. The sale was executed under a 10b5-1 trading plan. According to InvestingPro data, the stock is currently showing overbought signals, with the company scheduled to report earnings on August 6, 2025. InvestingPro subscribers have access to 17 additional key insights about BTCS’s financial health and market position.

In other recent news, BTCS Inc. has made significant strides in its Ethereum-focused strategy. The company reported raising $62.4 million in 2025, which has contributed to a 221% increase in its Ethereum holdings, now totaling 29,122 ETH. BTCS’s Ethereum holdings were valued at approximately $87.3 million, reflecting the company’s commitment to expanding its presence in the Ethereum ecosystem. Additionally, BTCS borrowed an additional $2.34 million in USDT from the AAVE lending protocol, bringing its total borrowings to $17.8 million USDT. This borrowing is collateralized by Ethereum, further expanding its holdings to 31,855 ETH, with a total cryptocurrency and cash valuation of $100.6 million.

The company also announced an increased funding target of $225 million to accelerate its Ethereum accumulation strategy, indicating a focus on scaling ETH per share and generating recurring revenue. BTCS was recently included in the Russell Microcap Index, which CEO Charles Allen described as a pivotal step in the company’s growth. BTCS continues to focus on its Ethereum infrastructure operations, combining an Ethereum treasury with blockchain infrastructure activities. The company operates validator nodes and a block-building service, and it has developed ChainQ, an AI-powered blockchain data analytics platform.

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