Ethereum-focused firm BTCS Inc. posted record revenue and net income for Q3, reporting $4.94 million in revenue—up 568% year-over-year—and $65.6 million in net income.
Most of the gains came from $73.7 million in unrealized profits on its Ethereum holdings, which now exceed 70,000 ETH.
The Nasdaq-listed company runs three main divisions: Builder+ for block-building, NodeOps for staking, and Imperium for DeFi revenue. Builder+ drove 68% of revenue, while Imperium contributed 15% in its first full quarter.
BTCS became the first public company to integrate the DeFi protocol Aave into its balance sheet, using it for ETH-backed liquidity and yield without selling assets. Aave borrowings reached $56.5 million by the end of Q3.
The company has also introduced an Ethereum dividend, a loyalty reward program, and a $50 million share repurchase program to support shareholders.
CEO Charles Allen said the results show the scalability of BTCS’s Ethereum-first strategy and confirmed plans to expand further in DeFi operations.
BTCS shares rose more than 3% following the earnings report and have climbed over 32% in the last six months.
