BTCS borrows additional $2.34M USDT from AAVE, total AAVE debt ~$17.8M; ETH holdings rise to 31,855 valued at $96.2M

BTCS Inc.

New borrowing of $2.34M USDT from AAVE protocol; total AAVE debt now $17.8M, collateralized by 16,232 ETH ($49.1M).
Loan carries variable rate ~5.4% p.a.; ETH collateral earns ~2% p.a., net cost ~3.4%.
Proceeds used to acquire additional ETH, which is staked or to be staked via NodeOps.
Board authorized management to borrow up to 40% of total assets (including convertible notes) at time of borrowing.
As of July 14, BTCS held 31,855 ETH valued at $96.2M; total crypto and cash ~$100.6M.

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