BTCS Inc. reported a significant increase in Q3 revenue, reaching $4.94 million, a 568% rise year-over-year. The surge was driven by $73.7 million in unrealized gains from Ethereum holdings. The company's Ethereum-focused strategy, which includes block building, staking, and DeFi operations, improved its profit margin by 22%, with Builder+ accounting for 68% of revenue.
BTCS expanded its Ethereum reserves to over 70,000 ETH and integrated Aave to enhance liquidity. The company's net profit hit $65.59 million, and following the earnings announcement, BTCS stock rose over 3%.
BTCS Q3 Revenue Soars 568% to $4.94M on Ethereum Gains
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