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U.S.-based blockchain firm BTCS Inc. has increased its Ethereum holdings with the acquisition of 1,000 more Ether tokens worth $2.63 million via Crypto.com.
BTCS Inc., a Nasdaq-listed blockchain company betting big on Ethereum ($ETH), added another 1,000 $ETH to its holdings through the cryptocurrency exchange Crypto.com. The purchase brings the company’s total $ETH balance to 13,500.
Having held 9,063 $ETH at the end of the first quarter, the purchase means its growth in Q2 now stands at approximately 50%, BTCS Inc. said in an announcement on June 2, 2025.
This expansion goes beyond a simple bet on the top altcoin by market cap—it reflects BTCS Inc.’s long-term strategy to deliver shareholder value through digital asset exposure and blockchain infrastructure development.
Charles Allen, CEO of BTCS, noted that by focusing on revenue-generating infrastructure via NodeOps and increased builder activity, the company is deploying a growth-oriented model.
“This complementary approach not only delivers the benefits of a digital asset treasury strategy but also unlocks long-term growth potential that goes far beyond mere price appreciation. We believe this dynamic model is uniquely positioned to maximize shareholder value over time,” Allen added.
BTCS is doubling down on Ethereum with this purchase, a few weeks after announcing plans to raise to $57.8 million to buy more $ETH. The plan, which looks to mirror Michael Saylor’s Bitcoin ($BTC) strategy, comes as many institutions adopt digital asset treasury strategies, including for assets such as Solana ($SOL) and $XRP ($XRP).
Notably, Strategy’s buying spree of $BTC has continued with the latest acquisition of 705 bitcoins for about $75.1 million.
As announced on June 2, 2025, this brings the company’s total haul to 580,955 $BTC, cumulatively scooped for about $40.68 billion.
Companies such as $SOL Strategies are intent on taking this approach with Solana, while recently, Saudi-backed firm VivoPower revealed plans to buy $121 million of $XRP. SharpLink Gaming is another firm betting big on Ethereum.