BTCS Raises Target Financing for Ethereum Accumulation Strategy to $225.00 million

On July 9th, BTCS Inc. (Nasdaq: BTCS) announced today that it is increasing its target funding for its Ethereum accumulation strategy to $225 million. The company focuses on increasing its Ethereum holdings per share rather than simply raising funds, through vertically integrated businesses such as validator node staking and block building. CEO Charles Allen stated that as the crypto regulatory environment matures and institutional attention to Ethereum increases, the company will redouble its capital-efficient strategy to avoid unnecessary equity dilution. BTCS plans to release a detailed update on recent Ethereum purchases this weekend or next week, continuing to execute its DeFi/TradFi flywheel strategy. [Deep Tide TechFlow]