🚀 BTCS Stock Rockets 110% After Announcing $100M Ethereum Acquisition Spree

Wall Street meets crypto in a bullish frenzy as BTCS makes its biggest bet yet.

The play: A nine-figure dive into Ethereum—just as institutions finally wake up to DeFi's potential.

Why it matters: That 110% stock surge isn't just hype (though let's be real—it's definitely some hype). It's a hedge fund-grade bet that ETH will eat more of finance's lunch.

The kicker: Watch traditional analysts scramble to update their 'blockchain is a fad' PowerPoints—right after they finish shorting the top.

CEO Charles Allen emphasized the company’s belief in Ethereum’s long-term value. “We believe that Ethereum has significant growth potential and is central to the future digital financial infrastructure,” he said. He added that the funding strategy is designed to protect shareholders, avoid heavy dilution, and offer maximum flexibility.

BTCS has been on the forefront in regards to Ethereum. Although other firms such as Sharplink Gaming, Bitmine Immersion, and Bit Digital are increasingly adopting ETH as their corporate treasuries, BTCS started paying attention to Ethereum in 2021. 

Since then, the company has been purchasing ETH and operating validators to help the network. As of June, BTCS had approximately 14,600 ETH worth approximately 38 million dollars. The firm is likely to expand its holdings even more with this new funding round.

This action reflects the trend that was initiated by the Strategy of Michael Saylor, which raised eyebrows by making Bitcoin a central treasury asset. BTCS is now doing the same with Ethereum and is driving ETH further into the Wall Street limelight.

Also Read: ETH Market Heats-up: GameSquare Unveils $100M Ethereum Strategy