BTCS Inc. Increases Ethereum Holdings to Over 70,000 ETH, Valued at Approximately $270 Million
On July 28th, according to information from the social media platform X, blockchain technology company BTCS Inc., listed on Nasdaq, announced a significant increase in its Ethereum (ETH) holdings. Specifically, BTCS purchased an additional 14,240 ETH, raising its total ETH ownership to 70,028 ETH. With the estimated ETH price around $3,850, the total value of BTCS's Ethereum portfolio is currently around $270 million.
This aggressive investment move coincides with BTCS Inc. completing a $10 million convertible bond issuance. The conversion price for this funding was set at $13 per share — 198% higher than the closing price of BTCS stock on July 18, 2025.
BTCS Inc. is currently one of the few public companies in the US focused on holding and developing digital assets on the blockchain platform, with Ethereum playing a strategic role in the company's long-term investment portfolio. The increase in ETH holdings is seen as a move demonstrating strong confidence in the long-term growth potential of the Ethereum network amid a robust digital asset market recovery.
Previously, SharpLink Gaming — the company holding the second position in the list of businesses owning the most Ethereum (ETH) — continued to expand its cryptocurrency asset portfolio by purchasing an additional 77,210 ETH, valued at around $295 million. This move indicates that the company's Ethereum accumulation strategy shows no signs of slowing down.
Also Read: SharpLink Gaming Just Bought an Additional $295 Million in Ethereum
