BTCS Q3 Financial Report: ETH Holdings Decrease to 49,571, Net Profit of $54.53 Million

BTCS released its Q3 2026 financial report, stating that as of September 30, it holds 49,571 ETH, with a fair value of approximately $133.1 million, down from 70,787 ETH at the end of 2025. Of this, 2,880 ETH is staked, and 46,607 ETH is deposited in DeFi protocols, with most digital assets used as collateral stored in Aave. Financially, BTCS reported total revenue of $4.09 million for the quarter, a year-on-year decrease of 17.1%. Revenue from DeFi operations was $3.51 million, compared to $720,000 in the same period last year; blockchain infrastructure revenue was $590,000, down from $4.22 million a year earlier. The net profit for the quarter was $54.53 million, primarily from unrealized gains of $58.35 million on digital assets; the cumulative net loss for the first three quarters was $49.53 million. Regarding liabilities, as of September 30, BTCS's DeFi protocol borrowings amounted to $63.01 million, with convertible notes at $14.51 million; cash and cash equivalents were $460,000, and stablecoins totaled $860,000.

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