Blockchain technology company BTCS Inc. has secured a significant funding agreement worth up to $57.8 million in convertible notes. Led by ATW Partners LLC, this financing will be used to purchase Ethereum (ETH) and scale its validator node and staking operations. 7.8 million dollars have already been issued as an initial tranche, with the remaining 50 million available upon mutual consent. 194% above the company’s closing price on May 13th, 2025, the convertible notes carry a fixed conversion price of $5.85 per share and mature in two years (May 13, 2027). Investors also received five-year warrants to purchase 1.9 million shares at $2.75 per share, reflecting a 38% premium over market price. CEO Charles Allen personally invested $95,000 and contributed an additional $200,000 from a family trust through an independent board committee. BTCS aims to increase its Ethereum holdings as part of a strategic approach to generate recurring revenue and long-term value. This funding comes after the company recently borrowed ETH via Aave, highlighting their confidence in Ethereum’s long-term growth prospects.