BTCS Inc. - BTCS STOCK NEWS

BTCS Inc. has appointed Charlie Lee, creator of Litecoin, to its Board of Directors as an independent member. This move is seen as a significant endorsement of BTCS’s strategy in the blockchain sector. Lee's experience includes serving as the director of engineering at Coinbase and a background at Google. The company is focusing on staking-as-a-service opportunities within the evolving blockchain ecosystem. BTCS aims to enhance its market position by leveraging its digital asset analytics platform and transaction verification services.

BTCS Inc. (OTCQB: BTCS) has appointed Carol Van Cleef as an independent director to its Board. A veteran in cryptocurrency and blockchain law, her expertise will enhance BTCS's governance as the company aims for a senior exchange uplisting. Van Cleef's involvement is expected to support BTCS's growth, leveraging her extensive background with financial services and compliance. CEO Charles Allen stated that adding independent directors is a strategic move, with plans for a third director to bolster the board's independence, crucial for meeting listing requirements.

BTCS Inc. (OTCQB: BTCS) will host an investor webinar on March 29, 2021, at 4:15 p.m. ET, where CEO Charles Allen will discuss the company's recent developments. This session will include a Q&A segment following the presentation. BTCS is a pioneer in the digital asset market, focusing on blockchain technologies and transaction verification services. The company also aims to launch a proprietary digital asset data analytics platform to streamline crypto trade management for users. For more details, visit www.btcs.com.

BTCS Inc. has successfully expanded its Ethereum 2.0 transaction verification services, now operating 240 nodes generating revenue. The company has staked 7,680 ETH, valued at approximately $13.8 million, with the potential to generate $1.1 million in annual revenue and gross margins exceeding 95%. CEO Charles Allen highlights plans to further scale their operations and develop a proprietary staking-as-a-service platform. BTCS is a pioneer as the first public company in the U.S. to run validator nodes on Ethereum 2.0.

BTCS Inc. (OTCQB: BTCS) announced a scheduled interview with CEO Charles Allen on The RedChip Money Report^®, airing on Bloomberg TV on March 13 at 7 p.m. The interview will address the launch of BTCS’s revenue-generating staking operation on Ethereum 2.0, its digital asset treasury strategy, and the development of a proprietary digital analytics platform. The company continues to position itself as a pioneer in the digital asset market.

BTCS Inc. has announced the launch of an additional 100 nodes, bringing its total to 200 nodes for Ethereum 2.0 transaction verification. This expansion is expected to generate revenue by the end of Q1 2021. Following a successful $9.5 million capital raise, BTCS aims to accelerate revenue growth, capitalizing on the more profitable staking operation compared to traditional mining. The company holds approximately $11 million in ETH staked and has a healthy balance sheet with over $8 million in cash and $14.5 million in cryptocurrencies.

BTCS is the first U.S. public company operating validator nodes on Ethereum 2.0.

BTCS Inc. (OTCQB: BTCS) announced the full operational status of its transaction verification services on Ethereum 2.0, achieving revenue generation from all 100 nodes. The CEO, Charles Allen, highlighted the deployment of 3,200 ETH and the positive impact of a $9.5 million funding infusion from a recent offering. As the first U.S. public company running validator nodes on Ethereum, BTCS aims for strong revenue growth through its innovative blockchain strategies.

BTCS announced the closure of a registered direct offering, raising $9.5 million from selling 9,500,000 shares and warrants for 7,125,000 shares. With proceeds, the company's digital assets and cash now total approximately $21 million. The funds will be used to expand its transaction verification services, focusing on proof-of-stake blockchains like Ethereum 2.0, where BTCS is a pioneer among publicly traded companies.

BTCS has entered a definitive agreement for a registered direct offering of 9,500,000 shares of common stock, along with warrants to purchase up to 7,125,000 additional shares. The offering price is set at $1.00 per share, with the warrants exercisable at $1.15 each and expiring in five years. The expected close date is March 4, 2021, with gross proceeds estimated at $9.5 million before expenses. A.G.P./Alliance Global Partners serves as the placement agent. This transaction will enhance BTCS's capacity in the digital asset and blockchain technology sector.