---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-011227"
form_type: "8-K"
ticker: "BTCS"
cik: "0001436229"
company_name: "BTCS Inc."
filed_at: "2025-07-15T23:59:59+00:00"
generated_at: "2026-05-18T06:28:15.370027+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-011227
- form_type: 8-K
- ticker: BTCS
- cik: 0001436229
- company_name: BTCS Inc.
- filed_at: 2025-07-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436229/000149315225011227/0001493152-25-011227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436229/000149315225011227/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-011227
- JSON: https://secwatch.observer/filing/0001493152-25-011227.json
- Plain text: https://secwatch.observer/filing/0001493152-25-011227.txt

## Key facts
- Debt Financings
  BTCS Inc. incurred loan of $2.34 million USDT with AAVE at approximately 5.4% per annum maturing no fixed maturity date.
  - Instrument: loan
  - Principal: $2.34 million USDT
  - Counterparty: AAVE
  - Rate: approximately 5.4% per annum
  - Maturity: no fixed maturity date
  - Event: incurrence
  source text: borrowed an additional $2.34 million USDT from AAVE, a decentralized finance lending protocol
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436229/000149315225011227/0001493152-25-011227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.