BTCS Inc. Utilizes Crypto.com and Acquires 1,000 ETH, Expanding Ethereum Holdings to 13,500 ETH
By:
Newsfile
June 02, 2025 at 08:30 AM EDT
Silver Spring, Maryland--(Newsfile Corp. - June 2, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, today announced the acquisition of 1,000 Ether (ETH) for approximately $2.63 million. This acquisition was primarily acquired from Crypto.com Exchange, Crypto.com's institutional-grade offering. As of June 2, 2025, BTCS holds approximately 13,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 50%. "Ethereum remains at the core of our blockchain infrastructure strategy," said Charles Allen, Chief Executive Officer of BTCS. "Our expanding ETH position is not simply a treasury play-it's a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure. This complementary approach not only delivers the benefits of a digital asset treasury strategy but also unlocks long-term growth potential that goes far beyond mere price appreciation. We believe this dynamic model is uniquely positioned to maximize shareholder value over time." "In line with our mission to maximize strategic value from every ETH purchase," added Charles Allen, CEO of BTCS, "We have utilized Crypto.com's institutional offering, the Crypto.com Exchange. By tapping into their deep liquidity and specialized execution capabilities, we are reducing slippage and optimizing capital deployment across our blockchain initiatives. This initiative complements our treasury and infrastructure strategy by ensuring every ETH acquisition is not only tactically sound but also cost-efficient, reinforcing our commitment to shareholder value." The Crypto.com Exchange, established in 2019 and launched in the U.S. in 2024, is offered for advanced, VIP and institutional users, and provides users a technologically advanced crypto trading platform featuring deep global liquidity and ultra-low latency. The Crypto.com Exchange is the world's leading USD support exchange by spot market volume. The Crypto.com Exchange is a truly comprehensive offering — including spot trading, margin trading, derivatives, OTC trading, and more. "The Crypto.com Exchange was purpose-built to offer institutional and advanced clients with the industry's premier cryptocurrency trading experience, with deep global liquidity and the leading tech stack," said Eric Anziani, President and COO of Crypto.com. "We are proud to partner with BTCS in its cryptocurrency acquisition strategy and to serve them through their continued crypto reserve journey." About BTCS: About Crypto.com Forward-Looking Statements: For more information, follow us on: Investor Relations: To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253872 More NewsView More
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