Blockchain Technology Consensus Solutions (BTCS), a Nasdaq-listed firm with an Ethereum (ETH) treasury strategy, surged over 100% on Tuesday on a $100 million funding plan to acquire more ETH for its balance sheet.
The company aims to tap traditional and decentralized financial (DeFi) capital markets for the capital raise. It plans to use an existing, $250 million at-the-market
offering to sell equity, a convertible debt arrangement with ATW Partners and borrowing stablecoins on DeFi lending protocol Aave {{AAVE}}.
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