BTCS reported second-quarter 2026 revenue of $2.4 million, up 14% from the previous quarter, while gross profit rose 47% to $1.5 million and gross margin reached 61%. Revenue from its Imperium DeFi business increased 48% to $1.5 million, representing about 61% of total revenue. The company recorded a $34.9 million net loss, driven by valuation losses on digital assets as ETH declined. BTCS swapped ETH into USDT to repay $8.2 million of debt owed to Aave, ending the quarter with $317,000 in cash and stablecoins. It still carried $36 million in DeFi loans, leaving liquidity exposed to cryptocurrency prices and lender collateral demands, while most of its $89.3 million balance sheet remained allocated to digital assets, staking and DeFi positions.