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CoinVoice has learned that, according to Bitcoin.com, Nasdaq-listed blockchain company BTCS (stock code: BTCS) announced that it has raised $57.8 million through convertible notes for strategic acquisition of Ethereum. The first phase of $7.8 million bonds has been subscribed by ATW Partners.
Company CEO Charles Allen personally invested $95,000, and his affiliated trust co-invested $200,000. The financing will be used to purchase Ether to expand the verification nodes and staking business.