BTCS Inc. focuses on blockchain technologies and digital currency ecosystems. It intends to acquire digital assets to provide investors with indirect ownership of bitcoin and ether through open market purchases. The company was formerly known as Bitcoin Shop, Inc. and changed its name to BTCS Inc. in July 2015. BTCS Inc. was founded in 2013 and is based in Silver Spring, Maryland.
IPO Year:
Exchange: NASDAQ
Website: btcs.com
424B5 - BTCS Inc. (0001436229) (Filer)
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8-K - BTCS Inc. (0001436229) (Filer)
8-K - BTCS Inc. (0001436229) (Filer)
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8-K - BTCS Inc. (0001436229) (Filer)
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Commitment to Growth in Ethereum Infrastructure Silver Spring, MD, Jan. 15, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today announced the deployment of its Scaled Validator Implementation Plan. This strategic initiative is designed to drive revenue growth and improve margins, aligning with BTCS's commitment to innovation and operational efficiency in the blockchain sector. Over the past five months, BTCS has conducted an extensive due diligence process on Rocket Pool, a decentralized Ethereum-based liquid staking protocol. This evaluation included a thorough assessment of auditability, compliance, cyb
Silver Spring, MD, Jan. 14, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, is pleased to announce the hiring of Eldari Gogiashvili as a Data Scientist. Eldari will play a pivotal role in developing and deploying data-driven strategies that aim to increase revenue and enhance profit margins within BTCS's Builder+ operations. His expertise will be instrumental as the company continues to optimize its Ethereum MEV opportunities. Eldari will report directly to Ben Hunter, who joined BTCS in 2024 from bloXroute, a leading blockchain distribution network provider. Ben's industry knowledge and leadership in blockc
Silver Spring, MD, Jan. 10, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, proudly announces the launch of its new Staker Protection Plan ("SPP"), an innovative initiative designed to enhance financial stability and operational security for Ethereum blockchain validators. Introducing the Staker Protection Plan by BTCS The SPP represents a transformative approach to supporting Ethereum validators with a comprehensive, four-pronged structure that includes: Revenue Shield: A strategic mechanism designed to increase and protect validator revenues through predictable payments. Validators gain stable income fro
2024 revenue surpassed the predefined performance milestone of $3,712,500 Silver Spring, MD, Jan. 07, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, issued a letter to its shareholders describing the Company's recent achievements and goals for 2025, including surpassing its predefined revenue performance target of $3,712,500. Further, the Company unveiled its refreshed investor presentation and a revamped website, accessible at www.btcs.com. These developments align with the Company's strategy to effectively communicate its business model and growth opportunities. The letter from Charles Allen, CEO of BTC
Silver Spring, MD, Dec. 27, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today announced its decision to sunset its StakeSeeker platform. This strategic shift will enable the Company to concentrate its resources on scaling its Ethereum blockchain infrastructure operations, which remain the primary driver of revenue and core to its long-term vision. BTCS's StakeSeeker platform has provided crypto asset holders with monitoring and analysis tools for managing their portfolios and staking activities. Despite this, the Company has identified its blockchain infrastructure operations, particularly those related
134% quarterly year-over-year revenue growth Silver Spring, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the third quarter ended September 30, 2024 ("Q3 2024"). Third Quarter 2024 Financial Highlights Quarterly Revenue: Revenue for Q3 2024 was $0.7 million, reflecting a strong 32% increase from Q2 2024 and a significant 134% rise from Q3 2023.Year-to-Date Revenue: For the nine months ended September 30, 2024, revenue exceeded $1.7 million, a robust 73% increase compared to the same period in 2023.Gross Margin: Gross margins for the nine months ended September
Silver Spring, MD, Aug. 20, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the second quarter ended June 30, 2024 ("Q2 2024"). Second Quarter 2024 Financial Highlights Revenue (3 Months): Q2 2024 revenue reached $0.6 million, representing a 24% increase from Q1 2024 and a 45% increase from Q2 2023.Revenue (6 Months): Revenue for the first half of 2024 surpassed $1.0 million, representing a 45% increase from the first half of 2023.Gross Margin: Gross margin declined to 70% for Q2 2024, with 67% gross margin for the first half of 2024 compared to 72% gross margin for the first half of 2023.N
Silver Spring, MD, July 10, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is proud to announce the launch of ChainQ, its pioneering blockchain analytics platform designed to revolutionize the exploration and comprehension of certain blockchain data. ChainQ represents a significant leap forward in simplifying the access, querying, and analysis of blockchain data, empowering users with unprecedented accessibility and insights. ChainQ leverages indexed data from BTCS's blockchain infrastructure operations to provide access to otherwise hard-to-access public blockchain data, similar to Bloomberg for financial research or W
Silver Spring, MD & Buenos Aires, Argentina, May 29, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, and the Forta Network, which provides AI-powered threat detection and prevention for blockchains and applications are excited to announce an integration aimed at bolstering blockchain regulatory compliance. In January 2024, BTCS introduced Builder+, an Ethereum block builder. Builder+ utilizes advanced algorithms to maximize validator revenue by constructing optimized blocks for on-chain validation. BTCS believes Builder+ should enhance its Ethereum blockchain infrastructure and create opportunities for new growth. BTCS
Silver Spring, MD, May 15, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the three months ended March 31, 2024 ("Q1 2024"). First Quarter 2024 Financial Highlights Revenue: Q1 2024 revenue of $0.4 million increased 18% from Q4 2023 and 24% from Q1 2023.Gross Margin: 75% gross margins remain consistent for Q1 2024.Net Income: $12.3 million, or $0.78 per share, in Q1 2024 represents a record quarter for BTCS's performance. Q1 2024 net income is a 148% increase from Q1 2023 and 13% from the previous quarter in Q4 2023. These records results are attributed primarily to the increase in fai
Silver Spring, MD, Jan. 14, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, is pleased to announce the hiring of Eldari Gogiashvili as a Data Scientist. Eldari will play a pivotal role in developing and deploying data-driven strategies that aim to increase revenue and enhance profit margins within BTCS's Builder+ operations. His expertise will be instrumental as the company continues to optimize its Ethereum MEV opportunities. Eldari will report directly to Ben Hunter, who joined BTCS in 2024 from bloXroute, a leading blockchain distribution network provider. Ben's industry knowledge and leadership in blockc
Silver Spring, MD, April 18, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is thrilled to announce the appointment of Ashley DeSimone to its Board of Directors. This addition underscores BTCS's commitment to enhancing its governance structure and driving sustainable growth through adding expertise. Ashley DeSimone brings to BTCS a wealth of experience in corporate strategy, and investor and public relations, having held leadership roles in a leading capital markets advisory and investor and public relations firm, as well as having executive experience at an investment firm. Her background in public company investor rel
Silver Spring, MD, Oct. 03, 2022 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced today the appointment of Melanie Pump as a new independent director to its Board. Ms. Pump serves as Chief Financial Officer at Polymath Research Inc. ("Polymath"), a start-up blockchain technology company, where she leads their Finance, HR, and compliance efforts. Prior to Polymath, Melanie was the Chief Financial Officer of Brane Inc., a technology service provider for digital asset custody. In addition to other senior finance roles, she also served as the Chief Financial Officer of Incognito Software Systems, a global telecom sof
Silver Spring, MD, July 05, 2022 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, today announced the appointment of Adele Carey as Vice President of Investor Relations to provide strategic counsel and continue the success in leading the investor relations program. Adele Carey is a talented professional who brings a wealth of invaluable industry knowledge with a proven track record of leadership. Previously, Adele worked in investor relations at CrowdStreet. In December 2021, she was recognized for her outstanding accomplishments and received the Rising Star Award. Prior, she worked as an Investor Relations Analyst at Synchron
Q1 revenue up 776% over Q1 2021 with gross margins of 76% Fair market value of digital assets up 105% year-over-year Silver Spring, MD, May 16, 2022 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, today announced its results for the first quarter ended March 31, 2022. Q1 2022 Highlights Expanding blockchain infrastructure operations drove Q1 revenue up 29% over Q4 2021 and up 776% over Q1 2021 to $0.6 million76% gross margins for the three months ended March 31, 2022 compared to 79% and 72% for Q1 2021 and Q4 2021 respectively$5.8 million GAAP net loss, primarily triggered by non-cash charges compared to $11.6 millio
Silver Spring, MD, Feb. 22, 2022 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology focused company, today announced the appointment of Manish Paranjape as Chief Technology Officer. Paranjape, who has been working as a consultant for BTCS since the first quarter of 2021, brings more than 25 years in the technology sector to his CTO role at BTCS. Previously, Paranjape was VP of Technology and Research at Corra, a leading digital commerce agency. Prior to joining Corra, Paranjape was CTO of REGARD, where he was integral to the development of GoGoin, a global digital currency payment gateway for e-commerce merchants. "We are thrilled to bring Mani
Silver Spring, MD, Dec. 01, 2021 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology focused company, today announced the appointment of Michael Prevoznik as Chief Financial Officer of the Company. Prior to joining BTCS, Prevoznik worked for PricewaterhouseCoopers LLP for over nine years, specializing in investment company audits for leading asset managers in the financial services industry. Prevoznik is a Certified Public Accountant licensed in the state of Pennsylvania and received a B.S. in Business Administration as well as a Master of Accountancy from the Grossman School of Business at the University of Vermont. "As a newly Nasdaq-listed co
2023 Record Net Income of $7.8m or $0.55 per share Silver Spring, MD, March 22, 2024 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the fiscal year ended December 31, 2023 ("2023"). 2023 Financial Highlights & 2024 Preliminary Insights Revenue: $1.3 million in 2023 revenue, down 20% from $1.7 million in 2022. The decrease was primarily driven by lower crypto prices in early 2022. Revenue for the fourth quarter of 2023 increased 20% year-over-year, benefiting from a surge in crypto market prices in December 2023.Gross Margin: 73% gross margins in 2023, down slightly from 75% in 2022.Net
Silver Spring, MD, Nov. 10, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the third quarter ending September 30, 2023 ("Q3 2023"). Third Quarter 2023 Financial HighlightsQ3 2023 revenue decreased 18% from Q2 2023 and 8% from Q3 2022 as a result of depressed crypto asset prices, particularly impacting Ethereum (ETH) and Cosmos (ATOM), our two highest earning staked tokens. Gross margins improved slightly to 74% for Q3 2023 compared to 71% for Q2 2023, with gross margins of 72% for the first nine months of 2023. Net loss for Q3 2023 decreased to $0.6 million ($0.04 per share) compared to $1.0
Silver Spring, MD, Aug. 14, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the second quarter ending June 30, 2023 ("Q2 2023"). Second Quarter 2023 Financial HighlightsQ2 2023 revenue improved 21% over Q1 2023 to $0.4 million but remained lower than Q2 2022 by 25% as a result of the depressed crypto asset prices. Gross margins for Q2 2023 were 71% compared to 74% for Q1 2022, with gross margins of 72% for the first half of 2023. Net loss for Q2 2023 decreased to $1.0 million ($0.07 per share) compared to $1.4 million ($0.10 per share) for Q1 2023 and $7.7 million ($0.61 per share) for Q
Silver Spring, MD, May 15, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the three months ended March 31, 2023. First Quarter 2023 Financial HighlightsQ1 2023 revenue improved 15% over Q4 2022 to $0.3 million but remained lower than Q1 2022 by 45% as a result of the sharp decline in crypto asset prices during Q2 2022. 74% gross margins for the three months ended March 31, 2023 compared to 75% and 59% for Q1 2021 and Q4 2021 respectively. Our net loss for the three months ended March 31, 2023 decreased to $1.3 million ($0.10 per share) compared to $5.7 million ($0.47 per share) net loss
Silver Spring, MD, May 11, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is pleased to announce that the Depository Trust Company ("DTC") granted eligibility to the Company's Series V Preferred Stock. DTC eligibility allows the Series V shares to be eligible for depository and book-entry services at DTC. "This is a long-awaited moment for BTCS and our shareholders, as DTC's grant of eligibility removes the final hurdle to issuing our long-awaited Series V dividend," said BTCS CEO Charles Allen. Each share of Series V is intended to be listed on a securities exchange platform that utilizes blockchain technology to
Silver Spring, MD, April 19, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is pleased to announce that it has made the required changes to its Series V preferred stock ("Series V") to address comments received from Nasdaq and is excited to work toward the distribution of the Series V to all of its shareholders on a 1:1 basis. Series V ExplainedEach share of Series V is intended to be listed on a security exchange platform that utilizes blockchain technology to facilitate instantaneous trade settlement. We have applied to have our shares listed on Upstream exchange and are currently working through the application p
Silver Spring, MD, April 03, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, announced its results for the fiscal year ended December 31, 2022. 2022 Financial Highlights Revenue for fiscal year 2022 rose 39% to $1.7 million compared to $1.2 million in 2021. Gross margins were 75% for fiscal year 2022, compared to 78% during 2021. In 2022, net loss decreased to $15.9 million ($1.25 per share) compared to $21.1 million ($3.09 per share) net loss for 2021. BTCS's net loss is primarily driven by non-cash charges related to the impairment of crypto assets, because U.S. Generally Accepted Acc
Silver Spring, MD, Feb. 06, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is calling on its shareholders to take action to protect their investment. The Company's public float is comprised of over 35,000 shareholders holding approximately 8.7 million shares, of which it estimates over 80% are held at 4 brokerage firms. In addition to this concentration of shares, the Company believes many of these shares may be held in margin accounts, potentially making it very easy for short sellers to borrow those shares. "I want to alert our shareholders that they can take simple actions to protect their investment
Silver Spring, MD, Feb. 02, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, is announcing key dates and releasing the following information for shareholders relating to the recently announced distribution of its newly created Series V Convertible Preferred stock ("Voucher" or "Series V"). "I am pleased to announce that the special committee created by BTCS's board has set the Series V record and payment dates," said BTCS CEO Charles Allen. "We believe the Voucher represents an important step toward protecting our investors. With blockchain technology and instant settlement, intermediaries could be eliminated, thus re
Silver Spring, MD, Jan. 31, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, created a new series of convertible preferred stock, designated Series V Convertible Preferred Stock (the "Voucher"), and plans to distribute these Vouchers to each and every shareholder of record as of a to be announced record date. Each Voucher is intended to be convertible into one share of the Company's common stock listed on a security exchange that utilizes blockchain technology, subject to certain approvals and the terms of the Voucher's Certificate of Designation filed with the state of Nevada. "We are excited to announce the creation