BTCS Inc. has announced a debt transaction with three accredited investors through a Securities Purchase Agreement finalized on May 13, 2025. The company issued 5% Original Issue Discount Senior Secured Convertible Notes amounting to $7,810,526, with a purchase price of $7,420,000. These notes are convertible into BTCS common stock at a rate of $5.85 per share, mature in 24 months, and carry an interest rate of 6% per annum. Additionally, BTCS issued 1,901,916 five-year warrants, exercisable at $2.75 per share. The notes are secured by the company's assets, excluding certain Ethereum deposits and other exclusions. Charles Allen, BTCS's CEO, personally invested $95,000, while a trust benefitting him contributed $200,000. H.C. Wainwright & Co., LLC acted as exclusive placement agent for this transaction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.