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![johnlblock Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1696564322833764352.png) J. L. Block [@johnlblock](/creator/twitter/johnlblock) on x XXX followers
Created: 2025-07-26 04:50:34 UTC

$BTCS tapped the ATM hard this week, so we faced what seemed like exceptionally weak price action this week.

The good thing?  I bet we’ll see an expansion of their $ETHUSD treasury soon enough.

I’m incredibly drunk rn but despite a -XX% drop, we saw incredible relative strength to the ATM selling.  

@Charles_BTCS has an incredible strategy—rather than sitting on the treasury, $BTCS deploys their treasury at full advantage to take opportunity on the Proof-of-Stake that Ethereum runs on.  In other words, $BTCS produces REAL revenue on their treasury.  

I’m incredibly bullish, but do your own research.  I’m missing the debt figures, but the reality stands:

$BTCS owns 55,700+ $ETH at $2.7k average.  

Their CURRENT market cap, post dilution, is 1x mNAV.  

They are severely undervalued.  At least, in my opinion.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948969169837588930/c:line.svg)

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[Post Link](https://x.com/johnlblock/status/1948969169837588930)