US-listed company BTCS plans to raise US$2 billion to expand ETH reserves

According to Foresight News, Nasdaq listed company BTCS Inc. plans to raise up to $2 billion through market issuance (ATM), convertible bonds and warrants, and the proceeds will be used to expand ETH reserves, working capital and other general corporate purposes. Previously, BTCS also completed the issuance of approximately $10 million convertible notes, with a conversion price of $13. Currently, BTCS's total Ethereum reserves reach 70,028 ETH, worth US$270 million based on the current market price.

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