On July 15, BTCS, a publicly listed entity, secured a loan of 2.34 million USDT via the decentralized finance platform Aave. Leveraging this capital alongside its existing liquidity, the firm acquired an additional 2,731 ETH at a cost of $8.23 million. This strategic purchase has elevated BTCS’s total Ethereum holdings to 31,855 ETH. As reported, the combined market valuation of BTCS’s cryptocurrency portfolio and cash reserves now stands at approximately $100.6 million, underscoring the company’s significant exposure to digital assets within its balance sheet. This move reflects BTCS’s ongoing commitment to expanding its crypto asset base through innovative DeFi financing mechanisms.
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