BTCS (BTCS), a blockchain and implementation company listed in Nasdaq focused on Ethereum, has filed a conservation registration with the American Securities and Exchange (SEC) commission which would allow it to raise up to $ 2 billion to buy more ether (ETH).
Tuesday’s deposit offers flexibility to issue securities in separate tranches, either directly to investors, or through subscribers and brokers. The deposit does not commit BTC to immediately issue securities but establishes a framework for potential capital increases. Specific terms, including prices and nature of each security, will be detailed in future prospectus supplements.
These funds could be used to acquire more tokens for the company’s ETH stocks, expand stimulation operations or strengthen the working capital.
BTCS was a pioneer in the treasure strategy of cryptography focused on the native token of Ethereum blockchain since 2021, well before recent newcomers like Sharplink, Bitmin or Ethzilla. The company, which has recently been added to the Russell Microcap index, held more than 70,000 ETH on July 28, worth around $ 265 million.
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