Nasdaq-listed blockchain firm BTCS Inc. is raising $57.8 million to invest solely in Ethereum, following a trend of corporate crypto accumulation.
The funds will be used to scale validator operations, staking, and optimize block production economics on Ethereum.
BTCS sees Ethereum as a 'foundational asset' after recent upgrades like the Pectra update, driving ETH's price up by 42% in the past seven days.
BTCS's move aligns with a broader trend of U.S.-based firms adopting crypto-first balance sheet strategies, showcasing growing institutional confidence in Ethereum as a viable financial asset.