American-based blockchain technology firm BTCS has entered the market with another strategic Ethereum (ETH) investment, following its switch to an Ether-first reserve. As revealed in a post on Monday on the X social media platform, it has purchased an additional 14,240 ETH to boost its reserve amid the massive uptrend in ETH value.
BTCS Inc. increased its $ETH holdings by 14,240, bringing our total holdings to 70,028 with a fair market value of approximately $270 million based on an ETH price of $3,850.
Through the continued execution of our hallmark DeFi / TradFi Flywheel Accretion strategy, BTCS has… pic.twitter.com/8RRIPUd4WG
— BTCS Inc. (Nasdaq: BTCS) (@NasdaqBTCS) July 28, 2025
Notably, Ethereum has become one of the most trending altcoins over the past few days, as it has attracted many investors and soared to new highs despite Bitcoin’s (BTC) price consolidation and partial plunge.
BTCS Boosts Reserve
Notably, despite being a bitcoin miner, BTCS has recognized the value of ETH, which is why it has shifted to an Ether reserve. Concluding its latest purchase, now holds 70,028. With ETH trading around $3,850 at the time of writing, the firm’s Ether bag is worth approximately $270 million.
Meanwhile, the publicly traded miner has successfully completed a $10 million convertible notes offering. The program was carried out at $13 per share, representing a massive 198% premium in comparison to the firm’s closing price ten days ago.
Furthermore, it has also raised $207 million by executing its DeFi/TradFi Accretion Flywheel strategy. This strategy primarily focuses on leveraging both decentralized finance (DeFi) and traditional finance (TradFi) mechanisms to attract more institutional and private investors, thereby growing the company’s assets.
Corporate ETH Investors on the Rise
Notably, BTCS is just a part of an unending list of corporate Ether investors. Other firms on the list include SharpLink Gaming, which spent $295 million to buy 77,210 ETH over the weekend. It now holds 438,017 ETH, now valued at $1.69 billion. Following the purchase, SharpLink staked a significant portion of its proceeds to receive passive ETH rewards.
Another company in the list is BTCT, a bitcoin miner that has converted all of its BTC holdings to ETH and also raised $6 million for subsequent Ether purchases. Meanwhile, the world’s largest institutional ETH holder remains BitMine Immersion Technologies. It holds approximately 566,776 ETH, valued at around $2 billion.
