BTCS Inc. (BTCS): debt financing — BTCS borrows additional $10.97M from AAVE; ETH holdings rise 221% to 29,122

BTCS Inc.

Borrowed $10.97M USDT from AAVE (total $15.5M), collateralized by 14,280 ETH (~$42.8M), variable rate ~5.4%.
Sold 9.6M shares under ATM for net ~$36.7M at avg $3.95/share from May 14 to July 11, 2025.
Total ETH holdings 29,122 ($87.3M at $3,000/ETH), a 221% increase from year-end 2024.
Total crypto & cash assets $96.3M; total debt $22.9M (24% debt-to-assets); leverage cap 40% NAV.
YTD capital raised $62.4M: ATM $39.5M, convertible debt $7.4M, Aave loans $15.5M.

item 2.03 item 7.01 item 8.01 item 9.01

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 loan of $10.97 million USDT with AAVE at approximately 5.4% per annum.

Instrument: loan
Principal: $10.97 million USDT
Counterparty: AAVE
Rate: approximately 5.4% per annum
Event: incurrence

Exact text from the filing

Beginning on July 9, 2025, BTCS Inc. (the “Company”) borrowed an additional $10.97 million USDT from AAVE, a decentralized finance lending protocol, bringing the total borrowings on AAVE to $15.5 million USDT.

View on SEC.gov

Browse all debt financings →

BTCS Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-018876

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.