BTCS issues $10M convertible notes at 198% premium; ETH+cash assets now $242M

BTCS Inc.

Issues $10.05M principal 5% OID secured convertible notes, convertible at $13/share (198% premium to $6.57 close).
Also issues 879,375 five-year warrants exercisable at $8/share (122% premium); closing expected July 22.
Combined ETH (55,788) and cash assets valued at $242.2M; year-to-date funding totals $189M.
Notes mature in 24 months, bear 6% interest, secured by all assets except Ethereum on AAVE.
CEO's trust invested $47,500; notes include 18-month restriction on conversion of Series V preferred.

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