BTCS to Commence Trading on Nasdaq

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BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company, today announced that The Nasdaq Stock Market LLC has approved the listing of the Company’ common stock on The Nasdaq Capital Market (“Nasdaq”). The Company’s common stock will begin trading on Nasdaq under trading symbol “BTCS” at the open of the market on Tuesday, September 14, 2021.

“Today is a significant milestone in the history and evolution of BTCS,” stated Charles Allen, CEO of BTCS. “We were one of the earliest movers in the blockchain and digital currency ecosystems and the first “Pure Play” U.S. public company focused on digital assets and blockchain technologies. Through our vast experience participating across the blockchain ecosystem since its earliest days, we believe we have refined our strategy to create significant growth in shareholder value. Now with a Nasdaq listing imminent, we are positioned to accelerate the execution of our strategy as we focus on expanding and growing our operations in the burgeoning blockchain space.”

BTCS joins Nasdaq at a time when the digital asset market has reclaimed a total market capitalization of greater than $2 trillion. The Company generated $453 thousand in revenue for the first six months of 2021 and through timely purchases of Bitcoin, Ethereum, and other cryptocurrencies, BTCS has substantially grown its digital assets over the last year. As of June 30, 2021, the FMV of the Company's digital asset holdings increased 2,013% YoY to $21.5 million. As of September 10, 2021, the Company's digital asset holdings had a FMV of approximately $33 million.

BTCS’s listing on Nasdaq comes after several recently announced milestones for the Company, including:

  • Rapid Expansion of Blockchain Infrastructure Operations – launched proof-of-stake (“PoS”) pools on Ethereum 2.0, Cardano, and Tezos; PoS consensus algorithms are environmentally-friendly alternatives to Proof-of-Work (“PoW”) consensus mechanisms; BTCS’s PoS operations represents a high profit margin component of the Company’s business model. BTCS plans to expand this part of the business by identifying and securing additional disruptive blockchain protocols, along with continuing development of its Staking-as-a-Service (“SaaS”) product offering.
  • Expanded Board of Directors and Strengthened Management Team - Litecoin founder, Charlie Lee, and attorney and internationally recognized authority on and pioneer in blockchain legal issues, Carol Van Cleef, appointed as independent directors; added Andrew Lee, veteran finance executive and cryptocurrency specialist, as CFO.
  • Development of Digital Asset Analytics Platform - Initial development of our digital asset data analytics platform is nearing completion with invite-only public beta launch anticipated in the third quarter; expansion of development team expected to further accelerate development of platform and to support additional revenue generating activities.
“In our letter to shareholders dated February 18, 2021, one of our key goals was to position the Company for listing on a senior exchange. I am elated we have achieved this important milestone,” added Michal Handerhan, COO of BTCS. “As we build on our recent successes, we plan to strategically expand our blockchain infrastructure operations to drive further revenue growth.”

“I want to thank our shareholders for their continued support,” added Allen. “We strongly believe in our ability to capitalize on the disruptive and transformative potential of digital assets in the quarters ahead. Like the internet era that came before, which forever changed the way people communicate with each other, blockchain technology is now changing the way we transact with each other, and the opportunity is just getting started – and we are just getting started.”

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