BTCS Inc. Accelerates Ethereum Accumulation Strategy with $2.63M Purchase

In a bold MOVE underscoring institutional confidence in Ethereum, Nasdaq-listed BTCS Inc. has expanded its ETH holdings by purchasing an additional 1,000 ETH ($2.63M) via Crypto.com. This brings their total stash to 13,500 ETH—a remarkable 50% quarterly increase from their Q1 position of 9,063 ETH. The transaction, executed at $2,544.92 per ETH, reflects the company’s strategic shift toward digital asset exposure and blockchain infrastructure development. CEO Charles Allen highlighted a dual focus on both asset accumulation and ecosystem growth, signaling long-term bullishness on Ethereum’s value proposition. This institutional endorsement comes as ETH shows resilience above $2,500, potentially setting the stage for renewed price momentum in 2025.

BTCS Inc. Expands Ethereum Holdings with $2.63M Purchase via Crypto.com

Nasdaq-listed blockchain firm BTCS Inc. has bolstered its ethereum reserves, acquiring an additional 1,000 ETH worth $2.63 million through Crypto.com. The transaction elevates the company’s total ETH holdings to 13,500—a 50% quarterly growth from its Q1 position of 9,063 ETH.

The move aligns with BTCS’s strategic pivot toward digital asset exposure and infrastructure development. CEO Charles Allen emphasized a dual focus on NodeOps-driven revenue streams and builder ecosystems, framing the purchase as part of a "dynamic model" designed to unlock long-term shareholder value beyond speculative appreciation.

This follows the company’s recent announcement of a $57.8 million fundraising initiative to further accumulate ETH, signaling institutional conviction in Ethereum’s ecosystem potential.

Trump Reaffirms Crypto Support as Wall Street Ponke and Solaxy Gain Traction

Donald Trump’s reelection has catalyzed a seismic shift in cryptocurrency sentiment, with the White House maintaining steadfast support for digital assets. Vice President JD Vance amplified this stance at Bitcoin 2025, signaling institutional momentum. Meanwhile, two altcoins—Wall Street Ponke and Solaxy—are capturing speculative interest for their disruptive potential.

Wall Street Ponke emerges as an AI-augmented memecoin on Ethereum, deploying machine learning to combat scams through real-time token vetting. Its four-pillar framework—transparency, decentralization, community governance, and education—positions it as a paradigm-shifting trading ecosystem. Solaxy’s technical merits remain undetailed in this excerpt, but market participants anticipate both tokens could deliver exponential returns.

SharpLink Gaming Stock Plummets 38% Despite Ethereum Treasury Ambitions

SharpLink Gaming’s shares tumbled over 38% in a single trading session, erasing recent gains fueled by its pivot to Ethereum treasury operations. The Nasdaq-listed firm secured $425 million in financing to amass ETH, positioning itself to become the largest public holder of the cryptocurrency.

Joseph Lubin, Ethereum co-founder and Consensys CEO, assumed chairmanship of SharpLink’s board following the funding round. The private placement attracted major crypto investors including Galaxy Digital and Pantera Capital, blending fiat and ETH contributions.

Despite the strategic shift, the stock nosedived from $76.70 to $47.16, marking a 62% retreat from last week’s $124 peak. The volatility underscores market skepticism about corporate crypto pivots, even as the shares maintain a staggering 1,162% monthly gain.

Consensys Acquires Web3Auth to Enhance MetaMask User Onboarding

Consensys, the Ethereum infrastructure firm behind MetaMask, has acquired Web3Auth to streamline wallet accessibility and address seed phrase vulnerabilities. The deal terms remain undisclosed.

Internal data reveals 35% of MetaMask users fail to back up seed phrases, risking permanent fund loss. Web3Auth’s technology, integrated across 8,200 dApps, introduces Web2-style logins and recovery options, reducing reliance on seed phrases.

Joseph Lubin, Consensys CEO and Ethereum co-founder, stated the move aligns with broader industry efforts toward account abstraction, aiming for seamless Web3 wallet experiences.