Fresh off the heels of a successful Series F, BTCS S.A., one of Europe’s largest Digital Asset Treasury Companies (DATCOs), is moving quickly into a $100M Series G raise. The company’s “Active Treasury” model is drawing strong institutional interest, positioning BTCS as the European counterpart to MicroStrategy but with a more diversified, yield-driven approach. CEO Marlena Lipinska discussed what’s fueling investor demand, how BTCS is blending Bitcoin with emerging ecosystems like ZIGChain and Core, and why active strategies could become the new benchmark for public digital treasuries.
You’ve just closed a Series F and are already launching a $100M Series G. What’s driving such strong investor confidence in the Active Treasury model right now?
Investor demand is shifting. They no longer just want exposure to digital assets — they want exposure to digital assets that work for them. Our Active Treasury model combines the familiarity of a public vehicle with the productivity of yield-generating strategies. The successful Series F validated that institutions want more than a passive bet on Bitcoin — they want structured, compliant ways to compound returns. Series G is simply a reflection of that confidence and the scale of opportunity ahead.
With 60% in BTC and the balance in ZIG and CORE, how does this blend position BTCS to capture both stability and upside from emerging ecosystems?
Bitcoin anchors the treasury — it’s the liquidity base and institutional reference point. ZIG and Core are our “earning assets” — designed to unlock yield, validator income, and exposure to tokenized real-world assets. The combination gives us balance: the stability and recognition of BTC with the differentiated upside of assets purpose-built for DeFi (Core) and RWA yield generation (ZIGChain). That mix is what positions BTCS not just as a treasury, but as an active growth vehicle.
Staking and validator rewards are becoming a bigger part of the treasury story. How do you envision these active strategies providing BTCS with a long-term yield advantage over passive approaches?
Passive holders earn price appreciation — we earn price appreciation plus yield. By staking and running validators directly, BTCS transforms the treasury into a productive engine. It’s not only about short-term yield; it’s about compounding that yield over time to create a structurally higher return profile versus passive strategies, in a public market context, that translates into higher valuations, stronger balance sheet durability, and greater investor appeal.
MicroStrategy is the poster child for corporate BTC treasuries. How does BTCS’s Active Treasury approach go beyond that model and create a new benchmark for public companies?
MicroStrategy proved that a listed company can hold Bitcoin at scale — and that was a watershed moment. We’re taking the next step: moving from holding to compounding. Instead of a single-asset balance sheet strategy, we operate a diversified, yield-enhanced treasury. Where MicroStrategy is a BTC proxy, BTCS is building a benchmark for multi-asset digital treasury management — regulated, diversified, and yield-generating.
As one of Europe’s largest DATCOs, how do you see your strategy influencing other corporates and institutions looking to move beyond passive crypto holdings into more productive deployments? How does “active investing” play into this?
We see BTCS as a proof point. Just as ETFs reshaped how institutions accessed equities, we believe Active Treasuries will reshape how corporates and funds engage with digital assets. The idea that your treasury can work for you — through staking, validators, and tokenized yield strategies — is a powerful shift. By demonstrating it at scale in public markets, we expect others to follow. “Active investing” in this context is not speculation — it’s disciplined deployment of assets to unlock steady, compounding returns.
This industry announcement article is for informational and educational purposes only and does not constitute financial or investment advice.
