BTCS Doubles Down: Ethereum Portfolio Balloons to 70,140 ETH ($321M) as Smart Money Bets on ETH

Wall Street's crypto playbook gets an Ethereum-sized update—BTCS just upped its stack to a staggering 70,140 ETH.

That's $321 million riding on the second-largest blockchain. While traditional finance still debates 'digital gold,' institutional players are quietly loading altcoin bargains.

Funny how the same suits who called crypto a scam in 2018 now fight for custody solutions.

TLDR

• BTCS holds 70,140 ETH worth $321 million, reflecting a significant increase.

• The firm plans to raise up to $2 billion to further grow its ETH holdings.

• BTCS saw a 341% increase in revenue in the first half of 2025, reaching $4.46 million.

• Despite growth, BTCS reported a net loss of $13.39 million in the last six months.

BTCS Inc., a company focused on Ethereum, reported holding 70,140 ETH, valued at more than $321 million, according to its second-quarter earnings. This represents a significant increase in the firm’s digital assets and highlights its commitment to Ethereum. BTCS has been steadily growing its crypto treasury, especially as ethereum has gained attention among institutional investors.

The firm also reported a substantial rise in revenue, reaching $4.46 million in the first half of 2025. This marks a 341% increase from $1.01 million during the same period in 2024. Despite this revenue growth, BTCS faced a net loss of $13.39 million, primarily due to significant investments in its Builder+ service and losses from asset sales.

BTCS Reports Revenue Growth Amid Investments and Losses

Although BTCS posted impressive revenue figures, the company also recorded a loss of $13.39 million. This loss was attributed to various factors, including the investments in its Builder+ service, which aims to optimize Ethereum gas fees.

Additionally, BTCS incurred $5.74 million in depreciation losses and $4.16 million in realized losses from the sale of non-Ethereum crypto assets. Despite these setbacks, the company remains optimistic about its future prospects.

BTCS released Q2 2025 quarterly earnings.

We posted record revenue of $2.77M for the quarter, marking a 394% year-over-year and 64% quarter-over-quarter increase. This performance was driven by the exceptional growth of our Ethereum-first Builder+ operations, which now represent… pic.twitter.com/Ob1TrzQaFI

— BTCS Inc. (Nasdaq: BTCS) (@NasdaqBTCS) August 14, 2025

BTCS continues to expand its offerings with services like NodeOps and ChainQ, which have contributed to the firm’s growing revenue base. Builder+, in particular, saw its revenue increase from $76,000 to $2.51 million, marking a strong performance. The company is confident that as its operations scale, it will see improved margins and higher Ethereum generation in the future.

BTCS Plans to Raise $2 Billion to Purchase More Ethereum

In its strategy to continue expanding its Ethereum holdings, BTCS announced plans to raise up to $2 billion through share sales. This capital raise will enable the firm to increase its ETH reserves further. The MOVE comes as part of the broader trend of Ethereum treasury companies gaining traction in the market.

The firm joins the ranks of other companies, like Bitmine and SharpLink, which have amassed large Ethereum holdings and are collectively valued at over $10 billion.

Charles Allen, CEO of BTCS, expressed confidence in the company’s position to scale its operations. He referred to the firm’s strategy as a “flywheel” that will help accumulate more Ethereum and improve operational efficiency. With over 70,000 ETH on its balance sheet, BTCS aims to capitalize on the increasing demand for Ethereum-based services and investments.

BTCS Focused on Long-Term Growth Despite Setbacks

BTCS’s long-term strategy involves accumulating Ethereum to strengthen its position in the growing blockchain ecosystem. The firm has built a solid infrastructure to support its Ethereum operations, including services for blockchain analytics and cloud-based validation.

Despite experiencing some short-term losses, the firm remains focused on realizing the full impact of its strategy as it looks toward future profitability.

As one of the oldest publicly traded blockchain companies, BTCS has established itself as a leader in the Ethereum space. Its recent performance, both in terms of revenue and Ethereum holdings, indicates a solid foundation for continued growth. The firm’s focus on expanding its ETH reserves reflects its confidence in Ethereum’s future value and its potential to generate significant returns.