On July 14, 2025, BTCS Inc. relaunched its DeFi strategy to strengthen its Ethereum portfolio. Thanks to a $2.34 million loan from the decentralized lending platform Aave, it was able to purchase an additional 2,731 ETH.
BTCS leverages leverage to accumulate Ethereum
BTCS Inc. is playing the leverage card. The company, led by Charles Allen, announced in a press release that it had taken out a new $2.34 million loan in USDT on Aave V3 on July 14, 2025. The goal is to finance the purchase of 2,731 ETH, for a total of $8.23 million. The price of Ethereum is currently hovering around $3,000. As a reminder, Aave allows users to borrow and lend cryptocurrencies without going through a bank or intermediary. This new loan for BTCS (which brings its total debt on the protocol to around $17.8 million) is overcollateralized by 16,232 ETH already staked, whose 2% yield covers part of the variable rate of around 5.4%.
As a result, BTCS Inc.’s crypto cash position now totals 31,855 ETH, valued at nearly $96 million. In his press release, Charles Allen reiterated that the board of directors has set a leverage cap of 40% to “avoid any forced liquidation.” Adding cryptocurrencies and cash, the company’s total assets now stand at $100.6 million.
The CEO welcomed this cash flow boost:
By increasing our ETH per share while generating significant revenue growth, we are building the first publicly traded Ethereum-focused company (…) We believe that BTCS is now the most leveraged player in Ethereum on the public markets.
Ethereum attracts treasuries, but compared to Bitcoin, the bar remains high
With Ethereum still hovering around $3,000, up 15% over 15 days, this is bound to automatically increase the valuation of BTCS and other companies betting on this cryptocurrency. BTCS is not the only company to hold ETH: for example, BitMine Immersion Technologies has just announced that it holds 163,142 ETH, worth approximately $500 million, causing its share price to jump 40%. But what sets BTCS apart from other companies investing in Ether? The CEO highlights two major points:
BTCS stands out because of (…) our signature DeFi/TradFi inertia system, which allows us to access low-cost capital and benefit from leveraged exposure to Ethereum.
Beyond this financial advantage, he also emphasizes the company’s longevity and expertise in the field, which led it to choose Ethereum for a reason:
Second, thanks to our solid experience, we are the oldest publicly traded blockchain company in the world and have been focused on Ethereum infrastructure for nearly five years.
