BTCS Inc. Has announced a financing facility aimed at acquiring ether as part of their expansion strategy. The initial tranche of convertible notes issued amounts to 7.8 million USD, offering a 6% annual interest rate and the option to convert to stock at 5.85 USD per share.
CEO Charles Allen has personally invested 95,000 USD into this initiative, emphasizing a disciplined strategy to enhance BTCS’s exposure to ethereum, thereby driving ongoing revenue through staking and validator node operations.
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