Nasdaq-Listed Blockchain Firm Invests in Ethereum with $57.8 Million Offering

BTCS, a publicly traded blockchain infrastructure firm listed on the Nasdaq, has announced a plan to raise up to $57.8 million through convertible notes. The proceeds will be directed toward significantly expanding its holdings of Ethereum (ETH). This move aligns with BTCS’s strategic vision of growth at a crucial point in the network’s development.