Blink Charging Stock Surges 12% Amid USDC Payment Rollout – What’s Driving the Rally?
- Why Did Blink Charging’s Stock Jump 12%?
- How Does USDC Integration Work at Blink Stations?
- What’s Behind the $20M Stock Offering?
- Where Is Blink Expanding Next?
- FAQ: Blink Charging’s Crypto Move
Blink Charging’s shares soared 12% following the announcement of USDC payment integration at select U.S. charging stations. The move aligns with growing crypto adoption and comes weeks after a $20M public stock offering. This article breaks down the market reaction, Blink’s expansion plans, and what it means for EV charging infrastructure.
Why Did Blink Charging’s Stock Jump 12%?
Blink Charging (NASDAQ: BLNK) saw its shares climb 12.43% to $0.8066, with pre-market trading pushing gains further to $0.8280 (+2.65%). The rally follows two key developments:
- Crypto Payments: Blink now accepts USD Coin (USDC) at stations in Florida (1680 Main Street, Chipley and 145 SE Bandit Street, Madison).
- Capital Raise: A recent $20M public offering priced at $0.75/share (26.6M shares) to fund rapid DC charger deployments.
Market data from TradingView shows BLNK outperforming the broader EV sector, which grew just 3% over the same period.
How Does USDC Integration Work at Blink Stations?
Blink’s CTO Harmeet Singh confirmed the pilot supports USDC payments via Ethereum, Arbitrum, Polygon, and Base networks. Key details:
| Feature | Detail |
|---|---|
| Supported Chains | Ethereum, Arbitrum, Polygon, Base |
| Stablecoin | USDC (USD-pegged) |
| Initial Rollout | 2 Florida locations |
| Expansion Plan | Company-wide by 2026 |
"This responds to customer demand for payment flexibility," Singh noted, adding that only DC fast chargers currently support crypto.
What’s Behind the $20M Stock Offering?
Blink’s December 2025 S-1 filing disclosed:
- Proceeds Use: 60% for charger deployments, 30% working capital, 10% R&D
- Underwriters: HC Wainwright & Roth Capital
- Closing: December 12, 2025 (completed)
The offering’s timing – just before the USDC announcement – suggests strategic positioning in the crypto-EV convergence.
Where Is Blink Expanding Next?
Beyond crypto payments, Blink secured a £1.41M contract to deploy 716 public chargers across West Yorkshire (Bradford, Leeds, etc.) by late 2025. The UK expansion complements:
- Existing US network of 3,800+ chargers
- Recent partnerships with GM and Hertz
FAQ: Blink Charging’s Crypto Move
Can I pay with Bitcoin at Blink stations?
Not yet – the pilot only supports USDC stablecoins for now.
Will crypto payments reduce charging fees?
Unlikely. USDC transactions still incur blockchain network fees (e.g., $1-5 on Ethereum).
How does this affect BLNK stock?
Analysts at BTCC suggest the crypto integration could attract retail investors, though fundamentals remain tied to EV adoption rates.
