BTCS discloses that the company's ETH and cash market value reached US$242 million

Odaily News Blockchain technology company BTCS Inc. (NASDAQ: BTCS) announced that as of now, the total market value of its 55,788 Ethereum (ETH), cash and other liquid assets is approximately US$242 million (based on an ETH price of US$3,600). In addition, BTCS has agreed to issue approximately US$10 million in convertible notes at a price of US$13 per share, a 198% premium to the closing price on July 18. The company has raised a total of US$189 million through its DeFi/TradFi Accretion Flywheel strategy this year, and plans to continue to expand its ETH holdings and enhance shareholder value through decentralized and traditional financial instruments. (GlobeNewswire)