# EDGAR Filing Document

**Accession Number:** 0001436229
**File Stem:** 0001641172-25-015746
**Filing Date:** 2025-6
**Character Count:** 9674
**Document Hash:** e553d1dcda8cf17a71b49dbe2766fdbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-015746.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0001641172-25-015746

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250617

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BTCS Inc.
- **CENTRAL INDEX KEY:** 0001436229
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 262477977
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40792
- **FILM NUMBER:** 251059260

**BUSINESS ADDRESS:**
- **STREET 1:** 9466 GEORGIA AVENUE #124
- **CITY:** SILVER SPRING
- **STATE:** MD
- **ZIP:** 20910
- **BUSINESS PHONE:** 202-430-6576

**MAIL ADDRESS:**
- **STREET 1:** 9466 GEORGIA AVENUE #124
- **CITY:** SILVER SPRING
- **STATE:** MD
- **ZIP:** 20910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bitcoin Shop, Inc.
- **DATE OF NAME CHANGE:** 20150422

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BITCOIN SHOP INC.
- **DATE OF NAME CHANGE:** 20140204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TouchIT Technologies, Inc.
- **DATE OF NAME CHANGE:** 20100524

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): **June 17, 2025**

**<u>BTCS INC.</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-40792** | **90-1096644** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

---

**9466 Georgia Avenue #124, Silver Spring, MD 20910**

(Address of Principal Executive Offices, and Zip Code)

**(202) 430-6576**

Registrant's Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.001 par value | BTCS | The Nasdaq Stock Market<br> (The Nasdaq Capital Market) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

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. The total AAVE borrowing: (i) is collateralized by approximately 3,900 Ethereum (ETH) with an approximate value of $9.85 million based on an ETH price of $2,528, and (ii) has no fixed maturity date but is subject to liquidations or partial liquidations if the health factor ("HF") falls below one. The HF is calculated by taking the total value of the ETH collateral, multiplying it by its liquidation threshold (approximately 80% for ETH), and then dividing that result by the total value of the borrowed USDT.

The loan carries a variable interest rate set by AAVE's smart contract, which adjusts based on market conditions and is published at aave.com. At the time of the additional borrowing, the interest rate was approximately 4.71% per annum. The $9.85 million in ETH collateral also earns interest at a variable rate, which was 1.92% at the same time. As a result, the effective net cost of capital—interest paid minus interest earned—is approximately 2.78%.

The proceeds from the loan were used to acquire additional ETH. The Company's Board of Directors authorized management to borrow up to $4,000,000 in USDT utilizing AAVE with a loan-to-value of no more than 40% at the time of borrowing.

**Item 7.01. Regulation FD Disclosure.**

On June 20, 2025, BTCS Inc. issued a press release regarding expanding its Ethereum holdings.

The information in Item 7.01 of this report, including the information in the press release attached as Exhibit 99.1 to this report, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information in Item 7.01 of this report, including the information in the press release attached as Exhibit 99.1 to this report, shall not be deemed to be incorporated by reference in the filings of the registrant under the Securities Act of 1933.

**Item 9.01 Financial Statements and Exhibits**

(d) Exhibits.

---

| | |
|:---|:---|
| Exhibit No. | Exhibit |
| 99.1 | [Press Release](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | BTCS INC. | BTCS INC. |
| Date: June 20, 2025 | By: | */s/ Charles W. Allen* |
|  | Name: | Charles W. Allen |
|  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**BTCS Inc. Acquires 1,000 ETH, Expanding Ethereum Holdings to 14,600 ETH**

Silver Spring, MD – (Newsfile Corp. – June 20, 2025) – BTCS Inc. (Nasdaq: <u>BTCS</u>) ("BTCS" or the "Company"), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, today announced the acquisition of 1,000 Ether ("ETH") for approximately $2.5 million through borrowing on AAVE, the leading decentralized lending ("DeFi") protocol. The purchases were made at an average price of $2,528 per ETH. As a result of using AAVE, there was no shareholder dilution, and the net cost of capital at the time of initiation was approximately 2.78% per year.

As of June 20, 2025, BTCS holds approximately 14,600 ETH, up from 9,063 ETH at the end of Q1 2025—an increase of approximately 61%.

*"Our approach has always been slow, steady, and strategic—because that's what wins the race,"* said Charles Allen, CEO of BTCS Inc. "*There's a reason we're the oldest publicly traded crypto company in the world. Over the past decade, we've witnessed a graveyard of failed crypto and blockchain companies. Our longevity is no accident—it's the result of disciplined execution, foresight, and an unwavering commitment to building long-term value for our shareholders."*

 

![A turtle and a rabbit AI-generated content may be incorrect.](ex99-1_002.jpg)

The newly acquired ETH will be strategically utilized to support the expansion of BTCS' NodeOps business by increasing its staking operations.

**About BTCS:**

BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. **Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting <u>www.btcs.com</u>**.

*For more information follow us on:*

 

Twitter: <u>https://x.com/NasdaqBTCS</u>

LinkedIn: <u>https://www.linkedin.com/company/nasdaq-btcs</u>

Facebook: <u>https://www.facebook.com/NasdaqBTCS</u>

*Investor Relations:*

 

Charles Allen – *CEO*

X (formerly Twitter): *<u>@Charles_BTCS</u>*

Email: *<u>ir@btcs.com</u>*