{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011311","form_type":"8-K","ticker":"BTCS","cik":"0001436229","company_name":"BTCS Inc.","filed_at":"2025-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.990185+00:00","generated_at":"2026-05-18T05:00:13.298052+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BTCS issues $10M convertible notes at 198% premium; ETH+cash assets now $242M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011311","json":"https://secwatch.observer/filing/0001493152-25-011311.json","markdown":"https://secwatch.observer/filing/0001493152-25-011311.md","text":"https://secwatch.observer/filing/0001493152-25-011311.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436229/000149315225011311/0001493152-25-011311-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436229/000149315225011311/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:00:13.298052+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"312796eb09b0fea9de624ecab042937433595ec1","claim":"BTCS Inc. incurred convertible notes of $10,050,000 with two accredited investors at 6% per annum maturing 24 months from the closing date.","evidence_excerpt":"On July 21, 2025, BTCS Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with two accredited investors (collectively the “Investors”), pursuant to which the Company will issue to the Investors 5% Original Issue Discount Senior Secured Convertible Notes (the “Notes”) in an aggregate principal amount of $10,050,000, for a purchase price of $9,547,500.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436229/000149315225011311/0001493152-25-011311-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$10,050,000"},{"label":"Counterparty","value":"two accredited investors"},{"label":"Rate","value":"6% per annum"},{"label":"Maturity","value":"24 months from the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}