Blockchain Firm BTCS Adds $8.4M ETH to its Treasury Instead of BTC

In a strategic crypto acquisition spree, BTCS, a Nasdaq-listed blockchain infrastructure company, expands its Ethereum holdings, instead of its namesake crypto, Bitcoin (BTC). With the latest purchase of 3,450 ETH, valued at approximately $8.42 million, the platform currently holds around 12,500 tokens ($31.8 million), up from 9,063 ETH at the end of Q1 2025.

Notably, BTCS sees Ethereum as a foundational asset for the company’s operations as well as its growth. According to CEO Charles Allen, the strategic addition of over $8 million in ETH to the company’s treasury aims to strengthen validator operations, increase staking revenue, and drive long-term shareholder value.

BTCS Purchases 3.4K ETH: What’s Behind the Move?

In an official press release, BTCS CEO Charles Allen revealed the company’s latest acquisition of a massive amount of ETH at an average price of $2,441 per token. Highlighting the significance of ETH in the platform’s growth, the CEO stated,

Ethereum remains at the core of our blockchain infrastructure strategy. By expanding our ETH position, we are strengthening the foundation that allows us to scale validator operations, grow staking revenue, and drive long-term value for shareholders.

It is noteworthy that this development coincides with the increasing institutional demand for Ethereum. This growing acceptance of ETH is evident from the net inflow of $64.889 million on May 20, which marks one of the largest single-day inflows. BlackRock’s ETHA recorded its largest single-day inflow, attracting a substantial $45 million.

BTCS Stock Price Surges

Following the ETH purchase, the BTCS Stock price surged significantly, currently hitting $2.68, up 13.56%. Over the last five days, the share has seen a growth of 21.27%. At the same time, over a one-month time frame, the stock price has increased by a staggering 68%.

ETH Holdings Boost Financial Strength

Significantly, BTCS’ ETH purchase has boosted the company’s overall financial strength. This growth has propelled the company’s total crypto holdings and cash to approximately $38.42 million, an 88% jump since the start of Q2. With a current ratio of 43.43, the blockchain firm boasts a robust liquidity position, with liquid assets far exceeding its short-term obligations.

Blockchain Firm’s Ethereum Purchase Triggers ETH Price Surge

Driven by BTC’s Ethereum addition, the ETH price hit a daily high of $2,607, only to plummet to $2,547. Over the past 24 hours, the token has seen a marginal increase of 1.97%. Despite a weekly dip of 3.1%, ETH experienced a massive bounce of 56% in a month.

Recently, the Ethereum blockchain hit its lowest level in ETH exchange supply. As reported by CoinGape, the blockchain has less than 4.9% of its total supply currently held on exchanges.