BTCS Eyes $58M ETH Buy as Ethereum Climbs Towards $3000 Mark, ETH Foundation Upgrades Security
Posted On May 16, 2025
Ethereum (CRYPTO: ETH) is currently trading at $2572.2, showing a massive surge of over 34% in the past week. The momentum is driven by a series of bullish catalysts, with BTCS Inc’s (NASDAQ:BTCS) plan to buy $58M ETH, and the launch of the new, “Trillion Dollar Security Initiative,” pushing ETH to its $3000 target.
The Nasdaq-listed blockchain firm has finalized an agreement, led by ATW Partners, to issue $57.8 million in convertible notes. The company stated that the funds are exclusively reserved for acquiring Ethereum tokens as a part of its digital assets strategy.
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Following the Wednesday announcement, BTCS has issued the initial tranche of notes worth $7.8 million in principal, …
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