“The Nasdaq-Listed Firm Has Been A Pioneer of the Crypto Treasury Strategy Focusing on the Native Token of the Ethereum Blockchain Since 2021, Well Before The Recent NewComers.”, – WRITE: www.coindesk.com
The Company Aims to Tap Traditional and Decentralized Financial (Defi) Capital Markets for the Capital Raise. IT Plans to Use An Existation, $ 250 Million AT-The-Market
Offering to Sell Equity, A Convertible Debt Arrangement with Atw Partners and Borrowing Stablecoins On Defi Lending Protocol Aave
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“We believe that ethereum has significant growth potential and is central to the Future Digital Financial Infrastructure,” Said Ceo Charles Allen in A Statement. “Our Approach to Capital Formation Has Been – and Continues to be – Designed to Minimize Dilution, Maximize FlexIA Shareholders. ”
PUBLIC FIRMS with Crypto Treasury Strategies Are All The Rage on Wall Street, Following The Playbook of Michael Saylor’s Strategy, The Largest Corporate Bitcoin
Holder in the World. The Trend Has Expanded to Ethereum As Well, With Firms Like Sharplink Gaming
(Sbet)
Bitmine immersion
(BMNR)
and bit digital
(Btbt)
Announcing Plans to Acquire and Hold Eth As A Treasury Asset and Also Participate in the Network Operation Validtors.
BTCS WAS A Pioneer of this Trend Well Bell Before Have Jumped On the Bandwagon: It Has Been Operation as A Blockchain Company 2014 and Starting to Focus on Ethereum in 2021, BUYING ETHING ETHES The FIRM HELD 14,600 ETH As of June, Worth Some 38 Million at Current Prices.
Read More: Tom Lee’s Bitmin Surges 3,000% Since Eth Treasury Strategy, But Sharplink’s Plunge Warrants Causion
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