---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-006360"
form_type: "8-K"
ticker: "BTCS"
cik: "0001436229"
company_name: "BTCS Inc."
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T04:53:23.785103+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# BTCS borrows $320k USDT on AAVE, collateralized by 446 ETH, to expand staking

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-006360
- form_type: 8-K
- ticker: BTCS
- cik: 0001436229
- company_name: BTCS Inc.
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436229/000164117225006360/0001641172-25-006360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436229/000164117225006360/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-006360
- JSON: https://secwatch.observer/filing/0001641172-25-006360.json
- Plain text: https://secwatch.observer/filing/0001641172-25-006360.txt

## Key facts
- Debt Financings
  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
  source text: Beginning on April 23, 2025, BTCS Inc. (the “Company”) borrowed $320,000 USDT from AAVE, a decentralized finance lending protocol.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436229/000164117225006360/0001641172-25-006360-index.htm

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