BTCS to Raise $57.8 Million Through Convertible Note Offering for Strategic Ethereum Accumulation
According to ChainCatcher, as reported by Bitcoin.com, the Nasdaq-listed blockchain company BTCS (stock code: BTCS) announced that it has raised $57.8 million through convertible notes for the strategic increase of Ethereum holdings. The initial $7.8 million bond has been subscribed by ATW Partners.
The company's CEO, Charles Allen, personally invested $95,000, with his associated trust co-investing $200,000. The funds will be used to purchase Ethereum to expand the validation node and staking business.
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