UPDATE: BTCS Clarifies its Staking Operations In Response to the Recent SEC Complaint Against Kraken
Value Proposition
Nasdaq Listed
Ticker: BTCS
Corporate Overview
BTCS Inc. is a Nasdaq listed company operating in the blockchain technology space since 2014 and is one of the first U.S. publicly traded companies with a primary focus on blockchain infrastructure and staking. BTCS secures and operates validator nodes on disruptive next-generation blockchain networks that power Web 3, earning native token rewards by staking our proof-of-stake digital assets.
BTCS is excited to introduce “StakeSeeker”, its proprietary Cryptocurrency Dashboard and Staking-as-a-Service platform. StakeSeeker empowers users with innovative crypto portfolio analytics and a non-custodial process to earn staking rewards on digital asset holdings. BTCS receives a percentage of token holders staking rewards generated, known as a validator node fee. This gives BTCS the opportunity for potential scalable revenue and business growth.
StakeSeeker.com is a one-stop-shop crypto dashboard for users to earn passive crypto rewards by staking through the non-custodial Stake Hub and evaluate their crypto portfolios across exchanges and wallets in a single analytics platform.
Networks Secured by BTCS
Click below to learn more about each network.
News & Media
Media Mentions:
Frequently Asked Questions
Why is the value of digital assets on BTCS’ balance sheet much less than FMV?
U.S. public companies such as BTCS are required to prepare and report their financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Under U.S. GAAP, non-security digital assets such as bitcoin and ethereum are indefinite life intangible assets and carried at their lowest value since date of acquisition by BTCS. A more detailed description of our digital asset accounting policies can be found on page 15 of our most recent annual report. Additionally, PWC’s March 2018 point of view position publication provides an excellent digital asset accounting analysis.
U.S. GAAP is a rule-based accounting regime and while it is possible to fit digital assets into the existing accounting model for intangible assets, this model does not best reflect the economics of these unique assets. As such, the reported value of our digital assets on our balance sheet is significantly less than their fair market value (“FMV”) and cannot be increased under U.S. GAAP despite increasing digital asset prices.
Given the material discrepancy in value, we have disclosed, and will continue to disclose, the FMV of our digital assets in the MD&A section of our financial reports. Further, on August 28, 2018 in, response to a SEC registration statement comment letter we urged the SEC to coordinate with the Financial Accounting Standards Board to further revise the accounting guidelines to provide for an updated accounting framework for digital assets.
When did BTCS become a publicly traded company?
BTCS initially went public in February 2014.
What stock exchange is BTCS listed on and what is the Company's stock symbol?
The Company’s common stock is quoted on the Nasdaq Capital Market and traded under the symbol “BTCS”.
How can I purchase shares in BTCS?
You can purchase shares of BTCS through a registered broker-dealer.
Where can I find historical stock information?
When is BTCS' fiscal year-end?
BTCS year end is December 31st, with quarters ending on March 31st, June 30th, and September 30th.
Who is BTCS' transfer agent?
Equity Stock Transfer LLC, 237 W 37th Street, Suite 602, New York, NY 10018
Who is BTCS' independent auditor?
BTCS has engaged RBSM LLP as its independent registered accounting firm for its fiscal year ending December 31, 2022.
How many securities are issued and outstanding?
As of September 30, 2022, there were approximately 13.08 million shares of common stock issued and outstanding, 0.95 million warrants to purchase common stock with a weighted average exercise price of $14.66, and 3.3 million stock options and restricted stock units. The foregoing description of our capitalization does not purport to be complete and is qualified in its entirety by reference to the complete text as set forth in our SEC filings.
Has BTCS ever paid dividends?
The company paid a special one-time non-recurring dividend in April 2022. Shareholders had the option to receive the dividend in cash or bitcoin at their election.
Who do I contact for Investor Relations questions?
If you are interested in learning more about BTCS or have any questions, please contact us via email [email protected] or call 202-987-8368.
How do I get added to the email distribution for the latest news and financial results?
You can sign up for email alerts by using the “Contact for Updates” button, on the top of this page. Our SEC filings can also be accessed here.
Where is BTCS located?
We do not currently maintain any corporate office space. Our staff works very effectively remotely, and we believe a distributed work force should allow us to attract better talent in the future as we grow our operations.