BTCS, a US-listed company, will raise $57.8 million to hoard ETH

CoinRank News: Blockchain technology company BTCS (NASDAQ: BTCS) announced on Wednesday that it had reached an agreement with ATW Partners to raise up to $57.8 million through convertible bonds, all of which will be used to acquire Ethereum (ETH). The first $7.8 million of bonds have been issued, and the remaining $50 million will be launched in batches based on the negotiation between the two parties. BTCS Chairman and CEO Charles Allen said: We are following MicroStrategys strategy of accumulating Bitcoin and systematically increasing our Ethereum holdings. It is reported that BTCS main business is Ethereum/BNBChain verification node operations, crypto asset staking and on-chain data analysis.