BTCS Inc. (BTCS): debt financing — BTCS borrows $320k USDT on AAVE, collateralized by 446 ETH, to expand staking

BTCS Inc.

Borrowed $320,000 USDT from AAVE, collateralized by 446 ETH valued at ~$780k (ETH ~$1,750).
Loan has variable interest rate ~3.9% p.a., no fixed maturity; health factor ~2.0 at origination.
Proceeds used to acquire additional ETH to increase staking capacity via new validators.
Board authorized up to $500k borrowings with max 40% loan-to-value ratio.
CEO cites Ethereum near cyclical bottom; strategy avoids equity dilution.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BTCS Inc. incurred loan of $320,000 USDT with AAVE at variable ... approximately 3.9% per annum maturing no fixed maturity date.

Instrument: loan
Principal: $320,000 USDT
Counterparty: AAVE
Rate: variable ... approximately 3.9% per annum
Maturity: no fixed maturity date
Event: incurrence

Exact text from the filing

Beginning on April 23, 2025, BTCS Inc. (the “Company”) borrowed $320,000 USDT from AAVE, a decentralized finance lending protocol.

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289 debt financings filed in the last 30 days. Browse all debt financings →

BTCS Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-006360

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