BTCS Inc. (BTCS): debt financing — BTCS issues $7.81M convertible notes, 5% OID, warrants at $2.75, CEO invests $95K

BTCS Inc.

Aggregate principal $7,810,526; purchase price $7,420,000 reflecting 5% original issue discount.
Notes convertible at $5.85/share, mature in 24 months, accrue 6% interest payable quarterly in cash or shares.
Issued 1,901,916 five-year warrants exercisable at $2.75 per share.
CEO Charles Allen invested $95K, and a trust (beneficiary but not settlor/trustee) invested $200K; independent committee approved.
Notes secured by all company assets except Ethereum collateral for AAVE USDT borrowings.

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 convertible notes of $7,810,526 with three accredited investors at 6% per annum maturing mature 24 months from the closing date.

Instrument: convertible notes
Principal: $7,810,526
Counterparty: three accredited investors
Rate: 6% per annum
Maturity: mature 24 months from the closing date
Event: incurrence

Exact text from the filing

On May 13, 2025, BTCS Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with three accredited investors (collectively the “Investors”), pursuant to which the Company issued to the Investors 5% Original Issue Discount Senior Secured Convertible Notes (the “Notes”) in an aggregate principal amount of $7,810,526, for a purchase price of $7,420,000.

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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 0001641172-25-010103

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