BTCS reveals company ETH and cash market value of $242 million

According to GlobeNewswire, blockchain technology company BTCS Inc. (NASDAQ: BTCS) announced that as of now, the total market value of its 55788 Ethereum (ETH), cash, and other liquid assets is approximately $242 million (calculated at an ETH price of $3600). In addition, BTCS has agreed to issue approximately $10 million worth of convertible notes at a price of $13 per share, which is a 198% premium over the closing price on July 18th. The company has raised a total of $189 million through its DeFi/RadFi Accretion Flywheel strategy this year and plans to continue expanding its ETH holdings through decentralization and traditional financial tools to enhance shareholder value.