# EDGAR Filing Document

**Accession Number:** 0001436229
**File Stem:** 0001493152-25-011227
**Filing Date:** 2025-7
**Character Count:** 6755
**Document Hash:** 3be596e2b4708f6c140b719a0fbc315d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-011227.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001493152-25-011227

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250714

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

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250715

**DATE AS OF CHANGE**: 20250715

**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:** 251123008

**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): **July 14, 2025**

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

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **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:

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| | | |
|:---|:---|:---|
| **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.**

On July 14, 2025, BTCS Inc. (the "Company") borrowed an additional $2.34 million USDT from AAVE, a decentralized finance lending protocol, bringing the total borrowings on AAVE to approximately $17.8 million USDT. The total AAVE borrowing: (i) is collateralized by approximately 16,232 Ethereum (ETH) with an approximate value of $49.1 million based on an ETH price of $3,025, 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 5.4% per annum. The $49.1 million in ETH collateral also earns interest at a variable rate, which was approximately 2% at the same time. As a result, the effective net cost of capital, interest paid minus interest earned, is approximately 3.4%.

The proceeds from the loan were used to acquire additional ETH, which the Company has staked or intends to stake through its NodeOps business. The Company's Board of Directors has authorized management to borrow up to 40% of the Company's total assets (inclusive of convertible notes) as measured at the time of borrowing.

**Item 8.01. Other Events.**

As of July 14, 2025, the Company's Ethereum (ETH) ownership and value were approximately:

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| | | | | |
|:---|:---|:---|:---|:---|
| **On July 14, 2025** | **On July 14, 2025** | **On July 14, 2025** | | |
| **ETH**<br> **Acquired (1)** | **Aggregate**<br> **Purchase**<br> **Price (2)** | **Average**<br> **Purchase**<br> **Price (2)** | **Aggregate**<br> **ETH**<br> **Holdings** | **Aggregate Fair Market Value (2)** |
| 2731.44 | $8.24 million | $3016.73 | 31855 | $96.2 million |

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(1) The ETH purchases were made using cash on hand and borrowings from the AAVE DeFi protocol.

(2) Fair market value based on ETH-USD price of $3,025 as of July 14, 2025.

Additionally, the fair market value of the Company's total cryptocurrency holdings and cash was approximately $100.6 million as of July 14, 2025.

**Item 9.01 Financial Statements and Exhibits**

(d) Exhibits.

<u>Exhibit No.</u> <u>Exhibit</u> <br>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.

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| | | |
|:---|:---|:---|
|  | BTCS INC. | BTCS INC. |
| Date: July 15, 2025 | By: | */s/ Charles W. Allen* |
|  | Name: | Charles W. Allen |
|  | Title: | Chief Executive Officer |

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