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BTCS Inc. (BTCS) is an early mover in the blockchain and digital currency ecosystems, positioning itself as the first 'pure play' U.S. public company focused on blockchain technologies. The company's core business revolves around hosting an online e-commerce marketplace where consumers can purchase merchandise using Digital Assets, including bitcoin. BTCS also operates a beta e-commerce marketplace accepting various digital currencies and has introduced a beta secure digital currency storage solution called BTCS Wallet. With a dedicated management team boasting capital markets experience, industry expertise, and business leadership, BTCS is poised to capitalize on the disruptive potential of blockchain applications across industries globally.
BTCS announced that CEO Charles Allen will present at the H.C. Wainwright 23rd Annual Global Investment Conference on September 13-15, 2021. The presentation will cover the Company’s revenue-generating blockchain infrastructure, growth in digital asset holdings, and plans for scaling operations. It will be available for on-demand viewing starting at 7:00 a.m. ET on September 13, 2021, and archived for 90 days. Additionally, Allen will hold one-on-one meetings with registered investors during the conference.
BTCS announced that its CEO, Charles Allen, will present at the Benzinga Crypto Fest on September 1, 2021, at 12:05 p.m. Eastern Time. The event will be held virtually, and investors can pre-register for the live webcast.
BTCS is a pioneering company in the blockchain sector, focusing on Proof-of-Stake blockchains. The company is working on a proprietary Staking-as-a-Service platform and a digital asset data analytics platform, aimed at enhancing user experience in cryptocurrency management.
BTCS announced a 1-for-10 reverse stock split effective August 17, 2021. This action aims to meet the Nasdaq Capital Market's listing requirements. Following the split, the company's stock will trade under the symbol BTCSD on the OTCQB. Approximately 5.7 million shares will remain outstanding, with 97.5 million authorized shares post-split. The reverse split will not dilute existing shareholders' equity, although fractional shares will be rounded up. Shareholders are advised to contact their brokers for further inquiries.
BTCS has integrated Tezos (XTZ) into its blockchain operations, enhancing its staking capabilities. Tezos is a decentralized blockchain supporting smart contracts and DApps, with a market cap of $2.75 billion. BTCS will utilize XTZ's Liquid Proof-of-Stake mechanism by deploying its own baker nodes. Currently, over 400 bakers secure the Tezos network, which hosts 135 projects spanning DeFi, DApps, and NFTs. CEO Charles Allen emphasizes the company's focus on decentralized projects, aiming to include Tezos in its Staking-as-a-Service platform.
BTCS Inc. (OTCQB: BTCS) reported a substantial increase in its Q2 2021 financial results, with total revenue rising 425% to $380,499 compared to Q1 2021. The fair market value of digital assets surged to approximately $21.5 million, reflecting a remarkable 2,013% year-over-year increase. Stockholders’ equity increased to $13.0 million, while cash on hand reached $2.9 million. The company continues to expand its blockchain infrastructure operations and recently appointed new independent directors and a CFO to strengthen its leadership team.
BTCS (OTCQB: BTCS), a blockchain technology-focused company, announced that CEO Charles Allen will present at the XCELLR8 RIA & WealthTech Online Summit on June 30 at 11 a.m. ET. Allen emphasized the growing importance of blockchain and cryptocurrency for financial professionals and will share actionable insights during the summit. This event gathers Registered Investment Advisors and industry experts to discuss technology solutions and best practices tailored for RIAs. BTCS is known for its blockchain infrastructure operations and is developing several innovative platforms for cryptocurrency management.
BTCS Inc. (OTCQB: BTCS) has appointed Andrew Lee as its new Chief Financial Officer. Lee brings extensive experience, having held positions at Kylin Management, Apple, and prominent investment banks, and holds an MBA from Wharton. His appointment comes as the company experiences a strengthened balance sheet due to successful registered direct offerings this year. The CEO expressed optimism about Lee's impact on scaling operations and pursuing new opportunities, as BTCS aims to leverage growing adoption in the blockchain sector and is developing a Staking-as-a-Service platform.
BTCS Inc. expands its blockchain infrastructure by launching a new staking operation on Cardano, a proof-of-stake blockchain. CEO Charles Allen emphasizes the potential for revenue growth despite recent price volatility in the digital asset market. BTCS has pledged approximately 258,000 ADA tokens to its Cardano pool, highlighting Cardano’s unique applications in identity management and financial services for the unbanked. The company aims to leverage Cardano’s strengths to enhance its staking operations and investment opportunities.
BTCS Inc. reported its Q1 2021 financial results, revealing stockholders' equity at $15.4 million, an increase of $14.3 million from December 31, 2020. Revenue from Ethereum's 2.0 blockchain staking operations reached $72,000 with a total of 240 nodes in operation. The digital asset fair market value surged to $41.7 million, marking a 77% increase from Q1 2021. The company also raised $11.5 million through equity offerings, with management and directors investing $1.1 million of their own funds.
BTCS Inc. (OTCQB: BTCS) announced CEO Charles Allen will participate in a panel on digital currency's impact on finance at the Benzinga Global Small Cap Conference on May 14, 2021, at 11:10 a.m. ET. The panel features industry leaders discussing market changes due to digital currency. Allen will also present the company's corporate strategy at 1:30 p.m. ET, livestreamed online. He emphasized BTCS's focus on blockchain infrastructure and their plans to up-list to a senior exchange in Q2 2021, exploring potential catalysts for stock growth.
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