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Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?

  • 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.

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