BTCS(BTCS) - 2023 Q2 - Quarterly Report

Expected Term: The Company's expected term represents the weighted-average period that the Company's stock options are expected to be outstanding. The expected term is based on the expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns. Effective January 2, 2022, the Board of Directors of the Company ratified the following arrangements approv ...