BTCS Inc. Expands Block-Building Operations to Binance Chain Through Strategic Acquisition

Rhea-AI Summary

BTCS Inc. (NASDAQ: BTCS) has announced the expansion of its block-building operations to Binance Chain through the acquisition of TxBoost, a Binance Chain block builder. This strategic move targets the fifth-largest cryptocurrency, which has a market cap exceeding $80 billion as of April 3, 2025.

The company's Builder+ platform demonstrated strong performance in Q4 2024, generating approximately $2.3 million in revenue, representing over half of BTCS's 2024 total revenue. The expansion to Binance Chain leverages BTCS's existing Ethereum-focused infrastructure, capitalizing on Binance Chain's EVM compatibility.

This initiative aligns with BTCS's 2025 revenue target of $20 million, as disclosed in their January 2, 2025 Form 8-K filing, focusing on scalable revenue growth and margin improvement through strategic blockchain expansion.

Positive

• Q4 2024 Builder+ revenue reached $2.3M, over 50% of total 2024 revenue
• Strategic acquisition of TxBoost enables immediate entry into Binance Chain market
• Expansion leverages existing technology stack, potentially improving operational margins
• Target market has $80B+ market cap, offering significant growth potential

Negative

• Significant portion of revenue concentrated in single product (Builder+)
• Achievement of $20M revenue target for 2025 depends on successful execution of multiple initiatives

Insights

Financial Analyst

BTCS's strategic acquisition of TxBoost to expand block-building operations to Binance Chain represents a significant revenue growth catalyst. With Binance Chain being the fifth-largest cryptocurrency ($80+ billion market cap), this move intelligently leverages BTCS's existing Ethereum-focused infrastructure due to Binance Chain's EVM compatibility.

The financials here are compelling. Builder+ already generated $2.3 million in Q4 2024 revenue—over half of BTCS's 2024 total revenue. This expansion directly supports management's stated $20 million revenue target for 2025, which would represent substantial growth for a company with a current market cap of only $28.9 million.

This acquisition demonstrates excellent strategic execution by pursuing compatible blockchain ecosystems where existing technology can be quickly deployed, maximizing operational efficiency and improving margins. The move reduces technical risk while expanding market reach—essentially applying their proven revenue model to an additional high-value market.

For a small-cap blockchain infrastructure company, this targeted expansion represents textbook execution: leveraging core competencies, pursuing calculated growth opportunities, and focusing on revenue-generating activities that can scale without proportional cost increases.

Silver Spring, Maryland--(Newsfile Corp. - April 7, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today announced the expansion of its block-building operations to Binance Chain, the fifth-largest cryptocurrency with a market cap exceeding $80 billion as of April 3, 2025. This move reinforces the Company's commitment to scalable revenue growth.

The expansion was accelerated through the strategic acquisition of TxBoost, an established Binance Chain block builder, further strengthening BTCS's position in the rapidly evolving Ethereum Virtual Machine ("EVM") based ecosystem.

"Builder+ supporting Binance Chain is a natural extension of our Ethereum-focused infrastructure strategy," stated Charles Allen, CEO of BTCS. "Given Binance Chain's roots as a fork of Ethereum and its EVM compatibility, we're able to leverage components of our existing technology stack to quickly scale, which aligns with our strategic objectives of increasing revenue and improving margins."

Builder+ generated significant revenue growth for the Company. In Q4 2024, it generated approximately $2.3 million in revenue, as disclosed in our 2024 Full Year Earnings Release, accounting for more than half of 2024 total revenue. With the addition of Binance Chain to Builder+, BTCS plans to drive revenue growth by strategically expanding operations across compatible blockchains.

Quarterly Revenue Growth

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This initiative is in line with management's desire to achieve the Company's 2025 $20 million revenue performance milestone, as noted in our January 2, 2025, Form 8-K filing. Management believes this initiative-alongside other ongoing strategic efforts-is a meaningful step toward achieving that goal and creating shareholder value.

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.

Forward-Looking Statements:

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding investment opportunities from Binance Chain, growth of Binance, goals and beliefs with respect to revenue goals and increased margins, and our ability to capitalize on Binance Chain's growth. 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, unanticipated issues integrating Binance Chain into our operations, cybersecurity risks, technological challenges, market adoption risks, competition, changes in blockchain protocols, unexpected issues with Builder+, the reluctance of validators to utilize our Builder+ product, volatility in cryptocurrency markets, and other risks inherent to blockchain technology and cryptocurrency operations, 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.

For more information follow us on:
Twitter: https://x.com/NasdaqBTCS
LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
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Investor Relations:
Charles Allen - CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247309

FAQ

How much revenue did BTCS's Builder+ generate in Q4 2024?

BTCS's Builder+ platform generated approximately $2.3 million in revenue during Q4 2024, accounting for more than 50% of the company's total revenue in 2024.

What is BTCS's revenue target for 2025?

BTCS has set a revenue performance milestone of $20 million for 2025, as disclosed in their January 2, 2025 Form 8-K filing.

What is the market cap of Binance Chain as of April 2025?

Binance Chain has a market cap exceeding $80 billion as of April 3, 2025, making it the fifth-largest cryptocurrency.

Which company did BTCS acquire to expand into Binance Chain?

BTCS acquired TxBoost, an established Binance Chain block builder, to accelerate its expansion into Binance Chain operations.