BTCS Inc. Partners with Lehigh University's Masters in Financial Engineering Program for Capstone Research ProjectApril 09, 2025 8:30 AM EDT | Source: BTCS Inc.Silver Spring, Maryland--(Newsfile Corp. - April 9, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, is excited to announce its partnership with Lehigh University's Masters in Financial Engineering ("MFE") program to support a capstone research project. This collaboration ...

BTCS Inc. Releases Ethereum Blockchain Investor and Analyst PrimerMarch 26, 2025 8:30 AM EDT | Source: BTCS Inc.Silver Spring, Maryland--(Newsfile Corp. - March 26, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today released its Ethereum Blockchain Investor and Analyst Primer (the "Primer"), a comprehensive report aimed at providing investors, analysts, and stakeholders with an in-depth understanding of the Ethereum ecosystem ...

Company Overview - BTCS Inc. reported record financial results for the year ended December 31, 2024, with a revenue of $4.1 million, representing a 204% increase from $1.3 million in 2023 [3][4] - The company solidified its position as a leading publicly traded Ethereum infrastructure company, focusing on block-building operations at scale [4][10] Financial Performance - Quarterly revenue for Q4 2024 reached $2.3 million, a 612% increase over Q4 2023, and a 214% increase from Q3 2024 [3] - Gross margin was reported at 23%, reflecting the scaling of Builder+, BTCS's Ethereum block-building operations [3] - The company reported a net loss of $1.3 million, or $0.08 per share, compared to a net income of $7.8 million, or $0.55 per share, in 2023 [3][15] Cash and Cryptocurrency Holdings - Cash and cryptocurrency holdings amounted to $38.1 million as of December 31, 2024, up 43% from $26.7 million at year-end 2023 [3] Strategic Initiatives - The company aims to drive shareholder value by growing revenue and improving margins through enhancing its tech stack, increasing order flow, and controlling block space [5][6] - Key developments in 2024 included transitioning to Rust, moving servers to bare metal, and implementing a data lake [6] Market and Industry Commentary - The cryptocurrency market saw significant developments in late 2024 and early 2025, including enhanced scalability and improved regulatory clarity, which are expected to drive long-term growth [8][9] - The upcoming Pectra upgrade in 2025 is anticipated to enhance Ethereum's speed and reduce costs, strengthening its competitive edge [9] - Ethereum ETF approvals in 2024 marked a major milestone for institutional investment in digital assets, increasing accessibility for traditional investors [9]

Blockchain Operations - BTCS's Ethereum block-building operations under the Builder+ brand launched in 2024, focusing on maximizing transaction value and gas fee revenue [20][21] - Builder+ aims to expand to other blockchain networks, aligning with BTCS's long-term diversification strategy [22] - The company discontinued its StakeSeeker platform on December 27, 2024, to concentrate resources on Builder+ and validator node operations [32] - BTCS charges a Validator Fee, calculated as a percentage of crypto asset rewards earned, creating scalable revenue opportunities [28] - BTCS aims to grow revenue and margins by scaling Ethereum block-building under Builder+ and expanding NodeOps, focusing on enhancing technology, increasing order flow, and gaining control over block space [71][74] - BTCS is focused on increasing Builder+ order flow through strategic partnerships and network integrations to enhance profitability [73] - BTCS's strategic initiatives are designed to position it as a leader in blockchain infrastructure, leveraging its Builder+ operations and validator expertise [75] Asset Management and Security - As of December 31, 2024, 98% of BTCS's crypto assets were held in cold storage wallets, ensuring maximum protection against breaches [33] - The company prioritizes the secure custody of its crypto assets, maintaining less than 0.1% on exchanges at any time [33] - The Company has determined that if over 40% of its assets are considered securities, it may be classified as a 1940 Act company, which could adversely affect its operations [56] - The company targets maintaining over 60% of its total assets in Ethereum to avoid classification as an investment company under the 1940 Act [54] Technology and Innovation - ChainQ, an AI-powered blockchain data and analytics platform, is currently in beta, enhancing transparency in the blockchain ecosystem [31] - The Company is committed to enhancing its technology stack to optimize efficiency and scalability, which is essential for maintaining a competitive edge in the blockchain industry [72] - The Company relies on proprietary technology and intellectual property critical to its blockchain operations, protected through various legal measures [64][65] Market Environment - The blockchain and cryptocurrency industry is maturing, with increased institutional participation and regulatory scrutiny shaping its trajectory [42] - The competitive landscape includes significant challenges from established cryptocurrency exchanges and specialized crypto asset companies, which have greater financial resources and brand recognition [60][62] - The regulatory landscape for crypto assets is rapidly evolving, which may materially affect the Company's operations and financial performance [58] Workforce and Structure - As of December 31, 2024, BTCS had seven full-time employees, emphasizing a remote-first work environment to attract a larger talent pool [66] - As of March 17, 2025, the total common shares diluted amount to 23,530,049, with 20,087,981 common stock issued and outstanding [78]

BTCS Inc. to Launch New Partnership with Wharton's Mack InstituteMarch 18, 2025 8:30 AM EDT | Source: BTCS Inc.Silver Spring, Maryland--(Newsfile Corp. - March 18, 2025) - BTCS Inc. (Nasdaq: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today announced it is joining the Mack Institute for Innovation Management at The Wharton School as a corporate partner. This initiative will be conducted through Wharton's Mack Institute for Innovation Management, the p ...

BTCS Inc. Announces Strategic Partnership and Investment in ETHGas to Grow Market Share and Support Scaling Ethereum Through Realtime TransactionsFebruary 25, 2025 8:30 AM EST | Source: BTCS Inc.Silver Spring, Maryland--(Newsfile Corp. - February 25, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, is pleased to announce a strategic partnership with ETHGas, where BTCS will serve as a Priority Builder. As part of this collaboratio ...

Core Insights - BTCS Inc. has announced a strategic partnership with Figment Inc. to launch the Staker Protection Plan, aimed at enhancing transaction inclusion and state preservation for high-value transactions [1][2] - WonderFi Technologies will be the first customer in the pilot program, which is expected to go live in March 2025 alongside Ethereum's Pectra update [2] Partnership and Pilot Program Highlights - The collaboration between BTCS and Figment emphasizes their commitment to advancing the blockchain ecosystem and addressing challenges in wider adoption [2] - Stakers on WonderFi's Bitbuy and Coinsquare platforms will be the initial beneficiaries of the Staker Protection Plan [2] Staker Protection Plan Benefits - The program aims to provide end-users with greater confidence in transaction inclusion and address complexities in high-value transactions [5] - It seeks to optimize staking rewards rate (SRR) for stakers through improved compliance and performance [5] Company Statements - Charles Allen, CEO of BTCS, highlighted the partnership as a foundation for staker empowerment and ecosystem growth, focusing on revenue growth and operational excellence [4] - Lorien Gabel, CEO of Figment, emphasized the partnership's role in driving innovation and enhancing the Ethereum ecosystem [4] - Dean Skurka, CEO of WonderFi, expressed confidence that the program will enhance validator operations and increase revenue for shareholders [4] Company Profiles - BTCS Inc. specializes in blockchain infrastructure technology, focusing on Ethereum operations and maximizing gas fee revenues through its branded block-building operation, Builder+ [6] - Figment provides staking infrastructure solutions for over 700 institutional clients, managing $15 billion in assets staked [7] - WonderFi is the largest regulated crypto trading platform in Canada, with over $2.2 billion in assets under custody, offering a range of financial services and products [8]

BTCS Inc. Leadership Bets Big on Market Cap Growth-Exchanges RSUs for Restricted StockPaying Taxes Upfront, No RefundsFebruary 12, 2025 8:30 AM EST | Source: BTCS Inc.Silver Spring, Maryland--(Newsfile Corp. - February 12, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today announced that its senior management team, including CEO Charles Allen, has elected to exchange all their performance-based Restricted Stock Units ("RSUs") ...

Core Insights - BTCS Inc. announced the resignation of Chief Technology Officer Manish Paranjape, effective immediately, coinciding with the discontinuation of the StakeSeeker initiative [1][2][3] - The company aims to refocus on its core business in validator operations and block building, enhancing its technical team to support its 2025 business plan [2][4][5] Company Transition - The departure of the CTO allows BTCS to optimize its technical team and concentrate on its current efforts, which have been generating substantial revenue [4] - BTCS plans to hire additional developers with domain expertise to strengthen its growth strategy while maintaining cost efficiency [4] Business Focus - BTCS is committed to driving innovation and enhancing its blockchain infrastructure capabilities, particularly in validator operations and block-building technology [5][6] - The company operates a branded block-building operation, Builder+, which utilizes advanced algorithms to maximize gas fee revenues [6] - BTCS also supports other blockchain networks by managing validator nodes and staking crypto assets across multiple proof-of-stake networks [6]

SILVER SPRING, Md., Jan. 29, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a provider of blockchain infrastructure and technology solutions, announced updates to its operations, including the migration of a significant portion of its infrastructure from AWS (Amazon Web Services) to bare metal servers, and the transition of its Builder+ platform from Go to the Rust programming language. These updates aim to improve operational efficiency, optimize system performance, and suppo ...