05:12 AM EDT, 09/26/2024 (MT Newswires) -- BTCS ( BTCS ) said late Wednesday it plans to offer up to $250 million in securities.

The company said it may sell the securities through underwriters, brokers, or directly to buyers; each supplement will detail pricing and expected proceeds.

The company said it would use the net proceeds from the securities' sale to purchase digital assets, working capital, and other general corporate purposes unless specified otherwise.