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$BTCS Inc.(BTCS)$  

BTCS Inc. Reaches Significant Milestone, Surpassing $275 Million of Ethereum and Assets on Balance Sheet

Increases ETH Reserves by 14,240 to 70,028 via Hallmark DeFi/TradFi Flywheel Accretion Strategy

Closes $10 Million Convertible Notes Issuance

Silver Spring, MD – (Globe Newswire – July 28, 2025) – BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced the successful closing of its issuance of approximately $10 million in above marked convertible notes. This financing, structured at a compelling $13 per share conversion price, a 198% premium to BTCS’s July 18, 2025 closing price, furthered the Company’s hallmark DeFi/TradFi Accretion Flywheel strategy.

In conjunction with this issuance and ongoing strategic capital deployment, BTCS has increased its Ethereum (ETH) reserves by 14,240 ETH, bringing total holdings to 70,028 ETH with a fair market value of approximately $270 million based on an ETH price of $3,850. Further, during the week ending July 25, 2025 the Company only sold 271,580 shares under its ATM program in a single block trade at $6.04 per share for $1.64 million. As a result, the total number of common shares outstanding now stands at 47,852,778.

“Surpassing $270 million in ETH reserves that are generating revenue and yield for our shareholders through NodeOps (staking) and Builder+ (block building) is a tremendous achievement,” said Charles Allen, CEO of BTCS. “Successfully closing the $10 million financing at a substantial premium is yet another testament to the strength and market confidence in our hallmark DeFi/TradFi Accretion Flywheel strategy. We are hitting our stride of actively deploying capital to not only expand our ETH treasury but also fuel our blockchain infrastructure operations and are proud to continue our trajectory as the most financially and operationally leveraged Ethereum play in public markets today.”

BTCS continues to successfully execute its DeFi/TradFi Accretion Flywheel capital formation strategy, leveraging both decentralized and traditional finance to expand its ETH holdings, capitalize on its vertically integrated operations, and enhance shareholder value. The Company has now raised approximately $207 million year-to-date through a mix of at-the-market equity sales, above-market convertible debt, and DeFi-based borrowing, all aligned with its strategy to optimize ETH exposure while actively managing dilution.