BTCS shares soared 91.7% on Tuesday afternoon after the blockchain firm announced a plan to raise $100 million throughout 2025 to acquire Ethereum, according to Benzinga. The company outlined a DeFi/TradFi Flywheel strategy combining at-the-market equity offerings, convertible debt, and decentralized borrowing through Aave to accumulate Ethereum while minimizing dilution. CEO Charles Allen called the move timely, citing Ethereum’s long-term growth potential and role in future financial infrastructure. BTCS aims to become the leading publicly traded company focused on ETH. Trading volume exploded to 114 million shares, 90 times its 100-day average, making it the session’s most-discussed stock on social media.
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