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Benzinga
Benzinga
Business
Henry Khederian

BTCS Shares Climb On Ethereum Update And Strategic Financing

Eth,Coin,With,Blurred,Candlestick,Chart,In,The,Background.,Ethereum

Shares of BTCS Inc (NASDAQ:BTCS) are trading higher Monday morning after the blockchain technology company announced its liquid assets total approximately $242.2 million. Here’s what investors need to know.

What To Know: The valuation, based on an Ethereum (CRYPTO: ETH) price of $3,600, is primarily driven by the company's holding of 55,788 ETH. BTCS also revealed a new $10 million convertible note financing agreement, part of a larger arrangement with ATW Partners LLC.

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