{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-018876","form_type":"8-K","ticker":"BTCS","cik":"0001436229","company_name":"BTCS Inc.","filed_at":"2025-07-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.989778+00:00","generated_at":"2026-05-18T06:38:22.866982+00:00","sec_items":["2.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"BTCS borrows additional $10.97M from AAVE; ETH holdings rise 221% to 29,122","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-018876","json":"https://secwatch.observer/filing/0001641172-25-018876.json","markdown":"https://secwatch.observer/filing/0001641172-25-018876.md","text":"https://secwatch.observer/filing/0001641172-25-018876.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436229/000164117225018876/0001641172-25-018876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436229/000164117225018876/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:38:22.866982+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":"84b3fe9b41412325cbfccf03449d20424fdff8da","claim":"BTCS Inc. incurred loan of $10.97 million USDT with AAVE at approximately 5.4% per annum.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436229/000164117225018876/0001641172-25-018876-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$10.97 million USDT"},{"label":"Counterparty","value":"AAVE"},{"label":"Rate","value":"approximately 5.4% per annum"},{"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"}