Blockchain-focused BTCS Inc. is planning to raise $57.8M to acquire more ETH and expand validator operations.
The firm currently holds over 9K ETH and operates more than 500 validators, aiming to capitalize on Ethereum's growth momentum.
BTCS Inc.'s fundraising strategy involves using debt and convertible notes to scale its validator node operations and increase ETH holdings.
The company's focus on staking rewards and expanding ETH holdings aligns with its goal to benefit from Ethereum's rising market trends and potential gains.