{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-010103","form_type":"8-K","ticker":"BTCS","cik":"0001436229","company_name":"BTCS Inc.","filed_at":"2025-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.290128+00:00","generated_at":"2026-05-21T08:19:19.258038+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BTCS issues $7.81M convertible notes, 5% OID, warrants at $2.75, CEO invests $95K","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-010103","json":"https://secwatch.observer/filing/0001641172-25-010103.json","markdown":"https://secwatch.observer/filing/0001641172-25-010103.md","text":"https://secwatch.observer/filing/0001641172-25-010103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436229/000164117225010103/0001641172-25-010103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436229/000164117225010103/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T08:19:19.258038+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":"f80b92401c8323965b7c78a9ca2d595de585fead","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436229/000164117225010103/0001641172-25-010103-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$7,810,526"},{"label":"Counterparty","value":"three accredited investors"},{"label":"Rate","value":"6% per annum"},{"label":"Maturity","value":"mature 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"}