BTCS Expands ETH Treasury to $321M as Trump-Backed American Bitcoin Buys $314M Bitmain Miners

BTCS Inc. Reports $321M in Ethereum Holdings and 341% Revenue Surge, Plans $2B Share Sale to Expand ETH Treasury Despite $13.39M Net Loss

BTCS Inc. (Nasdaq: BTCS), one of the oldest publicly traded blockchain firms, now holds 70,140 ETH worth over $321 million, according to its Q2 earnings report. The company recorded $4.46 million in revenue for the first half of 2025, up 341% year-over-year, largely driven by its Builder+ block-building service, which generated $2.51 million last quarter. Despite strong revenue growth, BTCS reported a net loss of $13.39 million due to investments in Builder+, depreciation, and losses from selling non-Ethereum assets. The company plans to raise up to $2 billion through share sales to expand its ETH treasury, aligning with a broader trend of Ethereum-focused treasury firms now valued above $10 billion. BTCS stock is up 71% year-to-date.

Search.com Bids $35B for Google Chrome Backed by JPMorgan, Topping Perplexity AI’s $34.5B Offer in High-Stakes AI Browser Battle

Search.com has made a $35 billion bid to acquire Google Chrome, surpassing Perplexity AI’s $34.5 billion offer. The deal, backed by JPMorgan Chase and private equity firms, would give Search.com control of the world’s most-used browser, which holds 65% global market share. Both Search.com and Perplexity are pitching their bids as solutions to Google’s dominance in search and advertising, with Search.com promising ad-free browsing, cashback for users, and a 60% revenue share for publishers. The bidding war underscores the growing importance of AI-powered browsers, as Chrome could become the backbone of Search.com’s generative AI search platform. Google has yet to respond to either proposal.

Pump.fun Developer Jarett Dunn Reaffirms $2M Solana Theft Guilty Plea as Platform Hits $2.28M Revenue High, Captures 77% of Token Launches

Former Pump.fun senior developer Jarett Dunn has formally reaffirmed his guilty plea for draining around $2 million worth of Solana from the token launchpad, after previously attempting to withdraw it. Dunn, a Canadian national, is currently jailed in London for breaching bail conditions and now awaits sentencing, which could start at seven years due to the severity of damages estimated at up to $12.8 million. Meanwhile, Pump.fun has reasserted market dominance, generating a five-month revenue high of $2.28 million and capturing 77% of Solana token launches, boosted by a $1.7 million ecosystem injection through its Glass Full Foundation initiative.

Trump-Linked American Bitcoin Buys $314M Bitmain Miners Adding 14.02 EH/s, Exempts Tariff Costs as Bitmain Plans US Factory

American Bitcoin, a mining company backed by members of Donald Trump’s family, has purchased 16,299 Bitmain Antminer U3S21EXPH units for around $314 million, adding 14.02 EH/s of computing power. The company also exercised an option to buy up to 17,280 more ASICs. The deal was structured to avoid costs from Trump administration tariffs on Chinese mining hardware, which have pressured the industry. In response, Bitmain announced plans to open its first U.S. ASIC production facility by year’s end, along with a new headquarters in Florida or Texas. The tariffs have triggered major shifts in the Bitcoin mining supply chain, with concerns that higher costs could disadvantage U.S. miners and shift demand abroad. Bitmain, which holds about 82% of global market share, remains the dominant manufacturer.