BTCS Reports Q3 2026 Net Income of $54.53M as ETH Holdings Fall to 49,571

According to ChainCatcher citing U.S. SEC filings, BTCS reported 49,571 ETH in holdings as of Sept. 30, down from 70,787 at the end of 2025. The company said 2,880 ETH was staked and 46,607 ETH was deposited in DeFi protocols, with most of its digital assets held as collateral on Aave. BTCS recorded Q3 revenue of $4.09 million, down 17.1% year over year. DeFi revenue rose to $3.51 million from $720,000 a year earlier, while blockchain infrastructure revenue fell to $590,000 from $4.22 million. Net income was $54.53 million, primarily reflecting $58.35 million in unrealized gains on digital assets. The company reported a net loss of $49.53 million for the first nine months of the year. As of Sept. 30, BTCS had $63.01 million in DeFi protocol borrowings and $14.51 million in convertible notes, alongside $460,000 in cash and equivalents and $860,000 in stablecoins.