Silver Spring, MD – Blockchain-focused firm BTCS Inc. (NASDAQ: BTCS) has made a strategic move to substantially grow its Ethereum reserves, acquiring 3,450 ETH in an $8.42 million purchase that solidifies its position as one of the most crypto-heavy public companies.
Key Transaction Details
ETH Purchased: 3,450
Total Investment: $8.42 million
Average Price: $2,441 per ETH
New Treasury Holdings: 12,500 ETH (~$30.5 million at current prices)
The acquisition was executed via over-the-counter (OTC) trades to prevent market disruption. Investors responded positively, sending BTCS shares up 3.2% post-announcement.
Corporate Strategy in Focus
“HODL Strategy”: Long-term crypto asset retention rather than active trading
Dual-Position Approach: Maintaining significant holdings in both Bitcoin and Ethereum
Institutional-Scale Exposure: Now ranking among top public ETH holders
“This reflects our conviction in Ethereum’s dual role as both a store of value and the backbone for decentralized applications,” stated the company in its release.
Broader Market Implications
ETH consolidates between 2,300−2,500
Public companies increasingly add crypto to balance sheets
Institutional ETH adoption grows beyond just Bitcoin allocations
BTCS joins a small but growing cohort of Nasdaq-listed firms building substantial crypto treasuries. Full details will be disclosed in the company’s upcoming SEC filing.
Related Topics：
