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CURRENT REPORT
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Item 8.01 Other Events.
On May 20, 2025, BTCS Inc. (the “Company’) announced updates with respect to its Ethereum (ETH) holdings:
| During Period April 1, 2025 to May 16, 2025 | As of May 16, 2025 | |||||||||||||||||
ETH Acquired (1) | Aggregate Purchase Price (2) | Average Purchase Price (2) | Aggregate ETH Holdings | Aggregate Fair Market Value (2) | ||||||||||||||
| 3,450 | $ | 8.42 million | $ | 2,441 | 12,502 | $ | 32.10 million | |||||||||||
(1) The ETH purchases were made using proceeds from the Company’s recent convertible note offering, borrowings from the AAVE DeFi protocol, and proceeds from the Company’s At-The-Market Offering with H.C. Wainwright & Co., LLC.
(2) Fair market value based on ETH-USD price of $2,567.70 as of May 16, 2025.
Additionally, the fair market value of the Company’s total cryptocurrency holdings and cash is approximately $38.42 million as of May 16, 2025.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BTCS INC. | ||
| Date: May 20, 2025 | By: | /s/ Charles Allen |
| Name: | Charles Allen | |
| Title: | Chief Executive Officer | |