BTCS Flat on Ether Purchase
BTCS Inc. (NASDAQ: BTCS) shares were pretty much static Monday. The Silver Spring, Md.-based blockchain technology-focused company, today announced the acquisition of 1,000 Ether (ETH) for approximately $2.63 million.
This acquisition was primarily acquired from Crypto.com Exchange, Crypto.com's institutional-grade offering. As of June 2, BTCS holds approximately 13,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 50%.
"Ethereum remains at the core of our blockchain infrastructure strategy," said CEO Charles Allen. "Our expanding ETH position is not simply a treasury play-it's a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure. This complementary approach not only delivers the benefits of a digital asset treasury strategy but also unlocks long-term growth potential that goes far beyond mere price appreciation. We believe this dynamic model is uniquely positioned to maximize shareholder value over time."
Allen continued, "In line with our mission to maximize strategic value from every ETH purchase. We have utilized Crypto.com's institutional offering, the Crypto.com Exchange. By tapping into their deep liquidity and specialized execution capabilities, we are reducing slippage and optimizing capital deployment across our blockchain initiatives.
“This initiative complements our treasury and infrastructure strategy by ensuring every ETH acquisition is not only tactically sound but also cost-efficient, reinforcing our commitment to shareholder value."
BTCS shares lost a cent to $2.69.
