BTCS Inc. Acquires 3,450 ETH for $8.42 Million: Boosting Scalability and Market Confidence

BTCS Inc., led by CEO Charles Allen, significantly expanded its Ethereum holdings by acquiring 3,450 ETH worth approximately $8.42 million in May 2025. This strategic move boosts BTCS’s validator business, enhancing its capacity for staking revenue and long-term shareholder value creation. Allen emphasized that the expansion will strengthen their operations and contribute to increased validator activities. 38% increase in Ethereum ownership marks a key step towards achieving scalability goals.