Listed company BTCS will raise $57.8 million through the issuance of convertible notes for strategic increase in holdings of Ethereum According to http://(Bitcoin. com), Nasdaq listed blockchain company BTCS (stock code: BTCS) announced that it has raised $57.8 million through convertible notes to strategically increase its holdings in Ethereum. The initial $7.8 million bond has been subscribed by ATW Partners. CEO Charles Allen personally invested $95000 and his affiliated trust invested $200000. The financing will be used to purchase Ethereum to expand the verification node and staking business. Previously, BTCS had increased its holdings of ETH through Aave protocol lending. H. C. Wainwright serves as the exclusive placement agent for this financing. BTCS stated that it will follow the MicroStrategy strategy and obtain sustained returns through staking and block building.