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Consensus solution blockchain technology (BTCS)Company on NASDAQ list with Ethereum (ETH) Strategy of the Ministry of Finance, on Tuesday at a Plan of financing $ 100 million to get more ETH for your balance sheet.
The aim of the company is to take advantage of traditional and decentralized financial (Defi) Capital markets to increase capital. Plans to use an existing, $ 250 million on the market
Offer to sell your own capital, convertible debt arrangement with ATW partners and borrowing stablecoins to deficleding protocol aave {{SPIRIT}}.
“We believe that Ethereum has a significant growth potential and is central to the future digital financial infrastructure,” said Charles, CEO Allen. “Our approach to capital creation was – and continues to be designed to minimize dilution, maximize flexibility, and correspond to our commitment to sound financial management to protect our shareholders.”
Public companies with Crypto Treasury strategies are all anger on Wall Street, after a strategy player Michael Saylor, the largest corporate bitcoins
holder in the world. The trend has also expanded to Ethereum and companies like Sharpink Gaming (SBET)Bitmine immersion (BMNR)and a little digital (BTBT) Notification of plans for obtaining and possession of ETH as an asset of the Ministry of Finance and also to participate in the network validators.
BTCS was a pioneer of this trend before the others jumped on the car: since 2014 it works as a blockchain company and in 2021 began to concentrate on Ethereum, buy ETH and operating validators. The company held 14 600 ETH since June, worth approximately $ 38 million at current prices.
Read more: Bitmine Tom Lee is increasing 3,000% from Treasury ETH, but SharpLink’s Plunge guarantees caution
