Public Blockchain Firm Pivots From Bitcoin to Ethereum With $57M Acquisition Plan

BTCS is pivoting heavily toward Ethereum, unveiling plans to accumulate up to $57.8 million in ETH as part of a broader infrastructure and staking expansion.

The blockchain company has partnered with ATW Partners to raise the funds through convertible notes, starting with an initial $7.8 million tranche.

These notes, which convert to shares at a premium, come with a 6% interest rate and include nearly 1.9 million warrants priced at $2.75. CEO Charles Allen personally backed the move with over $290,000 in contributions.

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Rather than follow the Bitcoin-heavy path of firms like MicroStrategy, BTCS is betting on Ethereum’s long-term utility. The company aims to boost staking yields and improve block production economics, citing recent Ethereum network upgrades as a key factor in the decision.

Though ETH dipped slightly to $2,545, BTCS stock jumped 5.5% on the announcement, signaling market optimism despite a broader 15% decline year-to-date.

This bold pivot places BTCS among the few public firms leading with Ethereum—not Bitcoin—as their core treasury asset.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.