{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011437","form_type":"8-K","ticker":"BTCS","cik":"0001436229","company_name":"BTCS Inc.","filed_at":"2025-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.990377+00:00","generated_at":"2026-05-18T00:13:53.261563+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BTCS closes $10M convertible note issuance; ETH reserves reach 70,028 worth $270M","bullets":["Closed $10M in 5% senior secured convertible notes at $13 conversion price, a 198% premium to July 18 close.","ETH reserves increased by 14,240 to 70,028, with fair market value of ~$270M based on ETH price of $3,850.","CEO's trust invested $47,500; notes mature in 24 months, accrue 6% interest, secured by all assets except certain ETH.","Sold 271,580 shares via ATM at $6.04 for $1.64M; total shares outstanding 47,852,778.","Year-to-date capital raised ~$207M through equity, convertible debt, and DeFi borrowing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011437","json":"https://secwatch.observer/filing/0001493152-25-011437.json","markdown":"https://secwatch.observer/filing/0001493152-25-011437.md","text":"https://secwatch.observer/filing/0001493152-25-011437.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436229/000149315225011437/0001493152-25-011437-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436229/000149315225011437/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T00:13:53.261563+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":"aa0dd551045b16710b3a7c02a9b42d5e13c63a72","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":"the Company issued 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/1436229/000149315225011437/0001493152-25-011437-index.htm","confidence":0.98,"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"}