BTCS (BTCS), a Nasdaq-listed blockchain infrastructure and staking company thinking about Ethereum, filed a shelf registration with the U.S. Securities and Alternate Fee (SEC) that would possibly well allow it to elevate as mighty as $2 billion to aquire extra ether (ETH).
The Tuesday filing offers the corporate flexibility to peril securities in separate tranches, both straight to traders or through underwriters and brokers. The filing would now not commit BTCS to straight peril securities but items a framework for doable capital raises. Explicit terms, including pricing and the character of every security, will be detailed in future prospectus dietary supplements.
Such funds will be extinct to gain extra tokens for the company’s ETH stockpile, develop staking operations or bolster working capital.
BTCS has been a pioneer of the crypto treasury strategy focusing on the native token of the Ethereum blockchain since 2021, smartly earlier than most up-to-date newcomers tackle SharpLink, Bitmine or ETHZilla. The company, which was no longer too long ago added to the Russell Microcap Index, held over 70,000 ETH as of July 28, worth roughly $265 million.
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