• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    BTCS Reports Record 2024 Results

    3/20/25 9:15:00 AM ET
    $BTCS
    Finance: Consumer Services
    Finance
    Get the next $BTCS alert in real time by email

    204% Year-Over-Year Revenue Growth Driven by Expansion in Ethereum Block-Building Operations

    Silver Spring, Maryland--(Newsfile Corp. - March 20, 2025) - BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, announced its financial results for the year ended December 31, 2024 ("2024").

    2024 Financial Highlights

    • 2024 Revenue: $4.1 million, representing a 204% increase from $1.3 million in 2023.

    • Quarterly Revenue Growth: $2.3 million Q4 2024 revenue, a 612% increase over Q4 2023, and a 214% quarterly increase from Q3 2024.

    • Gross Margin: 23%, reflecting the scaling of Builder+, BTCS's Ethereum block-building operations, compared to NodeOps, our ultra high-margin staking operations.

    • Net Income/Loss: Reported net loss of $1.3 million, or $0.08 per share, compared to net income of $7.8 million, or $0.55 per share, in 2023, primarily driven by non-cash charges.

    • Cash and Cryptocurrency Holdings: $38.1 million as of December 31, 2024, up 43% from $26.7 million at year-end 2023.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/11377/245124_758d91b434ba9a95_001.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/11377/245124_758d91b434ba9a95_001full.jpg

    Management Commentary

    In 2024, BTCS solidified its position as the leading publicly traded Ethereum infrastructure company, pioneering block-building operations at scale. The success of Builder+, which optimizes block construction to maximize transaction fee (gas) revenue, drove record growth, underscoring the strength of both our strategic direction and execution.

    Our goal is simple: drive shareholder value by growing revenue and improving margins. We aim to achieve this goal in three ways: 1) enhance our tech stack, 2) increase order flow, and 3) control block space. The following table outlines our 2025 progress towards these initiatives.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/11377/245124_btcs_figure2_550.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/11377/245124_btcs_figure2.jpg

    In 2024, we were fully focused on building our operations, which culminated in several key developments-including the transition to Rust, the adoption of bare-metal servers, the implementation of a data lake, a partnership with and investment in ETHGas, the introduction of rebates, multiple new sources of private order flow, the launch of the Staking Protection Plan ("SPP") with WonderFi and Figment, and our scaled validator implementation with Rocket Pool.

    As a result, our peak daily block-building market share accounted for over 1.5% of all transactions processed on Ethereum's network and has averaged over 1% over the last 30 days.

    With a strong foundation in place, BTCS is well-positioned to execute our strategy and maximize shareholder value.

    Industry & Market Commentary

    The cryptocurrency market experienced significant developments in late 2024 and early 2025, including:

    • Regulatory Tailwinds: The new administration's pro-crypto policies have fostered a constructive regulatory environment not seen in the last 10 years. With regulatory clarity and sensible oversight being the new norm, the stage is set for innovation and renewed confidence and growth across the industry. The change is marked by the SEC's recent dismissal of several high-profile cases, including Coinbase, Robinhood, Uniswap, Gemini, Consensys, and Cumberland.

    • Ethereum's Network Growth: The upcoming Pectra upgrade in 2025 is set to be a game-changer for Ethereum, enhancing speed, reducing costs, and simplifying transactions. Key features include the ability to pay transaction fees with tokens like USDC instead of just ETH, an increase in staking limits from 32 ETH to 2,048 ETH to improve efficiency, and expanded transaction capacity through blob technology. With these advancements, Ethereum is strengthening its competitive edge against Solana, positioning itself to remain the go-to blockchain for DeFi, NFTs, and beyond.

    • Institutional Adoption: Ethereum ETF approvals were officially granted in 2024, marking a major milestone for institutional investment in digital assets. This development has significantly increased accessibility for traditional investors and is expected to drive long-term capital inflows into Ethereum, reinforcing its position as the foundation of a growing global digital economy.

    These transformational developments far outweigh any short-term price fluctuations in the crypto market. Enhanced scalability, improved regulatory clarity, and increasing institutional participation create a strong foundation for long-term growth. As blockchain adoption accelerates, Ethereum's ongoing advancements position it as the premier network for decentralized applications, reinforcing the bullish outlook for the sector.

    About BTCS:

    BTCS Inc. (NASDAQ:BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

    For more information follow us on:
    Twitter: https://x.com/NasdaqBTCS
    LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
    Facebook: https://www.facebook.com/NasdaqBTCS

    Forward-Looking Statements:

    Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding growing revenue, improving margins, increasing order flow, expected results from the upcoming Pectra upgrade, expectations from the Ethereum ETF approval. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with Builder+ and ChainQ, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

    Investor Relations:
    Charles Allen - CEO
    X (formerly Twitter): @Charles_BTCS
    Email: [email protected]

    Financials

    The tables below are derived from the Company's financial statements included in its Form 10-K filed on March 20, 2025, with the Securities and Exchange Commission. Please refer to the Form 10-K for complete financial statements and further information regarding the Company's results of operations and financial condition relating to the fiscal quarter and fiscal year ended December 31, 2024 and 2023. The Company's Form 10-K also includes a discussion of risk factors applicable to the Company and its business.

    BTCS Inc.
    Balance Sheets



    December 31,
    December 31,


    2024
    2023





    Assets:





    Current assets:





    Cash and cash equivalents
    $1,977,778
    $1,458,327
    Stablecoins

    39,545

    21,044
    Crypto assets

    646,539

    302,783
    Staked crypto assets

    35,410,144

    24,900,146
    Prepaid expenses

    63,934

    62,461
    Receivable for capital shares sold

    -

    291,440
    Total current assets

    38,137,940

    27,036,201
     

     

     
    Other assets:

     

     
    Investments, at value (Cost $100,000)

    100,000

    100,000
    Property and equipment, net

    7,449

    10,490
    Total other assets

    107,449

    110,490
     

     

     
    Total Assets
    $38,245,389
    $27,146,691
     

     

     
    Liabilities and Stockholders' Equity:

     

     
    Accounts payable and accrued expenses
    $70,444
    $55,058
    Accrued compensation

    3,907,091

    712,092
    Warrant liabilities

    267,900

    213,750
    Total current liabilities

    4,245,435

    980,900
     

     

     
    Stockholders' equity:

     

     
    Preferred stock: 20,000,000 shares authorized at $0.001 par value:

     

     
    Series V preferred stock: 15,033,231 and 14,567,829 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively

    2,646,314

    2,563,938
     

     

     
    Common stock, 975,000,000 shares authorized at $0.001 par value, 18,717,743 and 15,320,281 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively

    18,718

    15,322
    Additional paid-in capital

    171,283,199

    162,263,634
    Accumulated deficit

    (139,948,277)

    (138,677,103)
    Total stockholders' equity

    33,999,954

    26,165,791
     

     

     
    Total Liabilities and Stockholders' Equity
    $38,245,389
    $27,146,691

     

    BTCS Inc.
    Statements of Operations








    For the Year Ended


    December 31,


    2024
    2023





    Revenues





    Blockchain infrastructure revenues (net of fees)
    $4,073,518
    $1,339,628
    Total revenues

    4,073,518

    1,339,628
     

     

     
    Cost of revenues

     

     
    Blockchain infrastructure costs

    3,127,509

    359,778
    Gross profit

    946,009

    979,850
     

     

     
    Operating expenses:

     

     
    General and administrative

    1,672,276

    1,450,724
    Research and development

    755,813

    687,288
    Compensation and related expenses

    6,598,348

    2,542,336
    Marketing

    80,993

    12,153
    Realized losses on crypto asset transactions

    767,375

    604,269
    Total operating expenses

    9,874,805

    5,296,770
     

     

     
    Other income (expenses):

     

     
    Change in unrealized appreciation on crypto assets

    7,683,772

    12,135,648
    Change in fair value of warrant liabilities

    (54,150)

    -
    Other income

    28,000

    -
    Total other income (expenses)

    7,657,622

    12,135,648
     

     

     
    Net income (loss)
    $(1,271,174)
    $7,818,728
     

     

     
    Basic net income (loss) per share attributable to common stockholders
    $(0.08)
    $0.55
    Diluted net income (loss) per share attributable to common stockholders
    $(0.08)
    $0.45
     

     

     
    Basic weighted average number of common shares outstanding

    16,263,702

    14,092,233
    Diluted weighted average number of common shares outstanding, basic
    and diluted


    16,263,702

    17,546,339

     

    BTCS Inc.
    Statements of Cash Flows








    For the Year Ended


    December 31,


    2024
    2023





    Net cash flows used from operating activities:





    Net income (loss)
    $(1,271,174)
    $7,818,728
    Adjustments to reconcile net income to net cash used in operating activities:

     

     
    Depreciation expense

    5,689

    5,033
    Stock-based compensation

    2,423,560

    1,341,729
    Blockchain infrastructure revenue

    (4,073,518)

    (1,339,628)
    Builder payments (non-cash)

    2,765,731

    -
    Change in fair value of warrant liabilities

    54,150

    -
    Realized losses on crypto assets transactions

    767,375

    604,269
    Change in unrealized appreciation on crypto assets

    (7,683,772)

    (12,135,648)
    Changes in operating assets and liabilities:

     

     
    Stablecoins

    (18,501)

    (21,044)
    Prepaid expenses and other current assets

    (1,473)

    61,266
    Receivable for capital shares sold

    291,440

    (291,440)
    Accounts payable and accrued expenses

    15,386

    (21,669)
    Accrued compensation

    3,194,999

    416,157
    Net cash used in operating activities

    (3,530,108)

    (3,562,247)
     

     

     
    Cash flows from investing activities:

     

     
    Purchase of productive crypto assets for validating

    (3,531,550)

    (1,804,482)
    Sale of productive crypto assets

    901,980

    1,994,851
    Purchase of property and equipment

    (2,648)

    (5,276)
    Sale of property and equipment

    -

    904
    Net cash provided by (used in) investing activities

    (2,632,218)

    185,997
     

     

     
    Cash flow from financing activities:

     

     
    Net proceeds from issuance common stock/ At-the-market offering

    6,681,777

    2,687,794
    Net cash provided by financing activities

    6,681,777

    2,687,794
     

     

     
    Net (decrease)/increase in cash

    519,451

    (688,456)
    Cash, beginning of period

    1,458,327

    2,146,783
    Cash, end of period
    $1,977,778
    $1,458,327
     

     

     
    Supplemental disclosure of non-cash financing and investing activities:

     

     
    Series V Preferred Stock Distribution
    $82,376
    $2,559,533

     

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245124

    Get the next $BTCS alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $BTCS

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $BTCS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • BTCS Inc. ETH and Cash Market Value Now $242 Million

      Agrees to issue approximately $10 Million Convertible Notes at $13 per share, a 198% premium to July 18 close $189 million raised year-to-date through hallmark DeFi/TradFi Accretion Flywheel strategy SILVER SPRING, MD, July 21, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced that the combined market value of its 55,788 ETH holdings, cash1, and other liquid holdings are approximately $242.2 million, based on an ETH price of $3,600. Additionally, the Company has agreed to issue $10 million in convertible notes through its previously established $56 milli

      7/21/25 7:00:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. Announces Inclusion in Russell Microcap Index

      Prestigious ranking boosts visibility for the Company's unique growth and ETH-centric strategy Silver Spring, MD, July 16, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, is honored to be included in the Russell Microcap® Index as part of the index's recent annual Russell reconstitution. The Russell Microcap® Index is a widely-recognized benchmark that measures the performance of the microcap segment of the U.S. equity market. Membership in the Index is based on a combination of market capitalization and current index membership and provides important third-party valid

      7/16/25 7:00:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Reaches $96.3 Million in Combined Crypto and Cash Market Value, Including 29,122 ETH Holdings

      Year-to-Date Capital Raise of $62.4 Million Supports Execution of DeFi/TradFi Flywheel Strategy Silver Spring, MD, July 14, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, announced today that it has raised $62.4 million year-to-date in minimally dilutive capital while expanding BTCS's Ethereum holdings to 29,122 a 221% increase from year end 2024. "By increasing our ETH per share while simultaneously driving meaningful revenue growth, we are building the premier Ethereum-focused public company," said Charles Allen, CEO of BTCS. "BTCS stands apart in two keyways: firs

      7/14/25 6:30:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance

    $BTCS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • COO Handerhan Michal sold $677,091 worth of shares (112,779 units at $6.00), decreasing direct ownership by 6% to 1,641,581 units (SEC Form 4)

      4 - BTCS Inc. (0001436229) (Issuer)

      7/18/25 9:00:06 PM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • COO Handerhan Michal sold $526,815 worth of shares (87,221 units at $6.04) and exercised 237,479 shares at a strike of $1.90, increasing direct ownership by 9% to 1,754,360 units (SEC Form 4)

      4 - BTCS Inc. (0001436229) (Issuer)

      7/10/25 5:00:34 PM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • CEO Allen Charles W exercised 508,884 shares at a strike of $1.90, increasing direct ownership by 12% to 4,679,506 units (SEC Form 4)

      4 - BTCS Inc. (0001436229) (Issuer)

      7/10/25 5:00:36 PM ET
      $BTCS
      Finance: Consumer Services
      Finance

    $BTCS
    SEC Filings

    See more
    • BTCS Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Unregistered Sales of Equity Securities, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - BTCS Inc. (0001436229) (Filer)

      7/21/25 7:00:44 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. filed SEC Form 8-K: Creation of a Direct Financial Obligation, Other Events, Financial Statements and Exhibits

      8-K - BTCS Inc. (0001436229) (Filer)

      7/15/25 6:08:54 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. filed SEC Form 8-K: Creation of a Direct Financial Obligation, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

      8-K - BTCS Inc. (0001436229) (Filer)

      7/14/25 6:30:31 AM ET
      $BTCS
      Finance: Consumer Services
      Finance

    $BTCS
    Leadership Updates

    Live Leadership Updates

    See more
    • BTCS Inc. Strengthens Team with Appointment of New Data Scientist

      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

      1/14/25 8:05:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. Welcomes Ashley DeSimone to Its Board of Directors

      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

      4/18/24 8:30:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. Proudly Announces the Appointment of an Accomplished Finance Leader to the Board

      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

      10/3/22 8:31:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance

    $BTCS
    Financials

    Live finance-specific insights

    See more
    • BTCS Inc. Acquires 1,000 ETH, Expanding Ethereum Holdings to 14,600 ETH

      Silver Spring, Maryland--(Newsfile Corp. - June 20, 2025) - BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company short for Blockchain Technology Consensus Solutions, today announced the acquisition of 1,000 Ether ("ETH") for approximately $2.5 million through borrowing on AAVE, the leading decentralized lending ("DeFi") protocol. The purchases were made at an average price of $2,528 per ETH. As a result of using AAVE, there was no shareholder dilution, and the net cost of capital at the time of initiation was approximately 2.78% per year.As of June 20, 2025, BTCS holds approximately 14,600 ETH, up from 9,063 ETH at the end of Q1 2025—an increase of appro

      6/20/25 9:00:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. Utilizes Crypto.com and Acquires 1,000 ETH, Expanding Ethereum Holdings to 13,500 ETH

      Silver Spring, Maryland--(Newsfile Corp. - June 2, 2025) - BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, today announced the acquisition of 1,000 Ether (ETH) for approximately $2.63 million. This acquisition was primarily acquired from Crypto.com Exchange, Crypto.com's institutional-grade offering. As of June 2, 2025, BTCS holds approximately 13,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 50%. "Ethereum remains at the core of our blockchain infrastructure strategy," said Charles Allen, Chief Executive Officer of BTCS. "Our expanding ETH position is not simply a treasury play-it's a strategic byproduct of our

      6/2/25 8:30:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance
    • BTCS Inc. Acquires 3,450 Ether (ETH) for $8.42M, Expanding Ethereum Holdings to 12,500 ETH

      Silver Spring, Maryland--(Newsfile Corp. - May 20, 2025) - BTCS Inc. (NASDAQ:BTCS) ("BTCS" or the "Company"), a blockchain technology-focused company, today announced the acquisition of 3,450 Ether (ETH) for approximately $8.42 million, using proceeds from recent financings. The purchases were made at an average price of $2,441 per ETH.As of May 16, 2025, BTCS holds approximately 12,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 38%. This growth contributed to the fair market value of the Company's total cryptocurrency holdings and cash reaching approximately $38.42 million, representing an 88% increase since the start Q2 2025."Ethereum remains at the core of o

      5/20/25 8:30:00 AM ET
      $BTCS
      Finance: Consumer Services
      Finance