Listed company BTCS will raise US$57.8 million by issuing convertible notes to strategically increase its holdings in Ethereum
Online reports, according to Bitcoin.com, Nasdaq-listed blockchain company BTCS (stock code: BTCS) announced that it will raise US$57.8 million through convertible notes to strategically increase its holdings of Ethereum. The first $7.8 million bond has been subscribed by ATW Partners. Company CEO Charles Allen personally invested US$95,000, and his affiliated trusts followed suit. The financing will be used to purchase Ethereum to expand verification nodes and pledge businesses.
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