BTCS Invests $8.4 Million in Ethereum, Shifting Strategy from Bitcoin

Blockchain infrastructure firm BTCS Inc., publicly traded on Nasdaq, has made a significant strategic shift by significantly increasing its Ethereum holdings. The company invested approximately $8.42 million to acquire around 3,450 ETH, bringing their total Ethereum holdings to roughly 12,500 units with an estimated value of $31.8 million. This move signals BTCS’s confidence in Ethereum’s future potential and a departure from its historical Bitcoin investments.