---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-015746"
form_type: "8-K"
ticker: "BTCS"
cik: "0001436229"
company_name: "BTCS Inc."
filed_at: "2025-06-20T23:59:59+00:00"
generated_at: "2026-05-19T01:10:14.309993+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BTCS borrows $2.5M via AAVE to acquire 1,000 ETH; total ETH holdings increase 61% to 14,600

## Summary
- Borrowed additional $2.5M USDT from AAVE, total borrowings $4M collateralized by 3,900 ETH (~$9.85M).
- Net cost of capital approximately 2.78% per year (interest paid 4.71% minus earned 1.92%).
- Acquired 1,000 ETH at avg $2,528 for ~$2.5M; no shareholder dilution.
- Total ETH holdings now ~14,600, up 61% from 9,063 at Q1 end.
- ETH will support staking operations for NodeOps business.

## SEC filing metadata
- accession: 0001641172-25-015746
- form_type: 8-K
- ticker: BTCS
- cik: 0001436229
- company_name: BTCS Inc.
- filed_at: 2025-06-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436229/000164117225015746/0001641172-25-015746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436229/000164117225015746/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-015746
- JSON: https://secwatch.observer/filing/0001641172-25-015746.json
- Plain text: https://secwatch.observer/filing/0001641172-25-015746.txt

## Key facts
- Debt Financings
  BTCS Inc. incurred loan of $2.5 million USDT with AAVE at approximately 4.71% per annum.
  - Instrument: loan
  - Principal: $2.5 million USDT
  - Counterparty: AAVE
  - Rate: approximately 4.71% per annum
  - Event: incurrence
  source text: Beginning on June 17, 2025, BTCS Inc. (the “Company”) borrowed an additional $2.5 million USDT from AAVE, a decentralized finance lending protocol, bringing the total borrowings on AAVE to $4 million USDT.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436229/000164117225015746/0001641172-25-015746-index.htm

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