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BTCS signed a convertible bond protocol with ATW Partners to raise $57.8 million to purchase ETH.
According to Gate.io News bot and TheBlock, Nasdaq-listed blockchain company BTCS has signed a convertible bond issuance protocol with ATW Partners. According to the agreement, BTCS plans to issue a total of $57.8 million in convertible bonds in batches, and the funds raised will be used to purchase ETH. Currently, BTCS has completed the first phase of issuing $7.8 million in bonds, and the remaining $50 million in bonds will be issued gradually according to the agreement between both parties.