BTCS (BTCS), a NASDAQ-listed blockchain infrastructure and Staking Company, which focused on Ethereum, filed a shelf registration to the US Securities and Exchange Commission (SEC) that would allow it to raise as much as $ 2 billion to buy more ether (ether).
Tuesday’s archiving gives the company the flexibility to issue securities in separate tranches, either directly to investors or through insurance companies and brokers. The filing does not commit to BTCs to issue securities immediately, but sets a framework for potential capital increases. Specific expressions, including pricing and the nature of each security, will be detailed in future prospectus grants.
Such funds could be used to acquire multiple symbols for the company’s ETH stocks, extend stack operations or strengthen operating capital.
BTCS has been a pioneer in the Crypto Treasury strategy focusing on the native token of Ethereum Blockchain since 2021, long before recent newcomers such as Sharplink, Bitmine or Ethzilla. The company, which was recently added to the Russell Microcap index, held over 70,000 ETH per year. July 28 to a value of approx. $ 265 million.
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