---
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"
generated_at: "2026-05-21T08:19:19.258038+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BTCS issues $7.81M convertible notes, 5% OID, warrants at $2.75, CEO invests $95K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-010103
- JSON: https://secwatch.observer/filing/0001641172-25-010103.json
- Plain text: https://secwatch.observer/filing/0001641172-25-010103.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1436229/000164117225010103/0001641172-25-010103-index.htm

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