One of the first blockchain-focused U.S. Public Companies

Blockchains are World Wide Ledgers
Blockchains are Distributed
Blockchains are Trusted

17M USD MAX

800K
2.3M
5M
10.5M

About Us

BTCS is an early entrant in the digital asset market and one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. BTCS resumed its transaction verification services business segment in the first quarter of 2021 with a focus on validating transactions and operating nodes on proof-of-stake blockchains. The Company is also developing a proprietary digital asset data analytics platform that allows users to consolidate their crypto trade data from multiple exchanges onto a single platform, enabling users to view and analyze their performance, risk metrics, and potential tax implications. The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets such as bitcoin and ethereum.

2021+ LEVERAGE 7 YEARS OF BLOCKCHAIN EXPERIENCE

2013
E-Commerce Platform
2013-2014
Digital Currency Ecosystem
Strategic Partnerships
Investments
2015-2018
Transaction Verification Services (Bitcoin and Ethereum Mining)
2019-2020
Platform Development and Digital Asset Treasury Focus
2021+
Transaction Verification Services, Platform Release, and Treasury Management

Transaction Verification Services

BTCS, through its transaction verification services business, verifies and validates blockchain transactions and is rewarded with digital assets. We are actively operating nodes on the ethereum 2.0 network and have staked a portion of our ETH holding. We plan to expand our proof-of-stake (PoS) operations to include other disruptive blockchain protocols. We are not currently securing proof-of-work (PoW) blockchains, such as bitcoin’s blockchain, but may in the future.

* The above image is for illustration purposes only. BTCS is currently only operating nodes on the ethereum 2.0 network.

Data Analytics Platform

BTCS is developing a proprietary digital asset data analytics platform which allows users to consolidate their portfolio holding data from multiple exchanges on one platform, enabling users to view and analyze performance, risk metrics, and potential tax implications. The Company anticipates it will open the platform to beta testing in 2021.

Digital Asset Treasury

The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets such as bitcoin and ethereum. BTCS receives digital assets from its transaction verification services business and acquires digital assets through open market purchases. The Company is not limiting its assets to a single type of digital asset and may hold a variety of digital assets. The fair value of the Company’s holdings increased 1,327% in 2020.

KEENLY FOCUSED ON HIGHLY DISRUPTIVE VERTICALS

* The above image is for illustration purposes only. BTCS currently only holds ETH and BTC.

BTCS DIGITAL ASSET TREASURY HOLDINGS

* Rounded to nearest tenth. ** Rounded to nearest one.

U.S. GAAP requires us to carry our digital assets at the lowest value since acquisition. As of 12/31/2020 the balance sheet value of our digital assets was $995,652.

Industry Primer

Blockchain have the potential to completely revolutionize how data is exchanged over worldwide networks. Its potential goes far beyond financial transactions to reach into just about every data exchange on the planet. Blockchains are shared, immutable ledgers for recording transactions, tracking assets and building trust. A blockchain consists of a number of blocks, hence the term. Each block is a record of transactions of specific data, which can contain anything from cryptos to voting records to medical data. When one block is completed and can no longer be updated with new data, it is added to the chain and another, new block, is formed. All the information on a blockchain is publicly available, as it’s a decentralized system, which means that the information is stored on many computers (referred to as nodes) distributed around the globe, and there’s no specific party or authority to control it.

Understanding Blockchains

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Bitcoin Explained

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Proof of Stake

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Management & Board

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Charles Allen
CEO and Chairman of the Board

Charles has been involved in the blockchain industry since its earliest days. Since joining BTCS in 2013, he has leveraged his extensive experience in business strategy, investment banking, and capital markets transactions to develop and lead the Company’s evolving business model. Charles began his career as an engineer in the telecom industry and brings a balance of business and financial leadership as well as technical proficiency to the BTCS team. Prior to joining BTCS he worked domestically and internationally on projects in technology, media, natural resources, logistics, medical services and financial services. Highlights include Managing Director at RK Equity Capital Markets LLC, Managing Director at TriPoint Global Equities, LLC, and Managing Director at Broadband Capital Management LLC, all boutique investment banks focused on advising and raising capital for small and mid size companies. He received a B.S. in Mechanical Engineering from Lehigh University and a M.B.A. from the Mason School of Business at the College of William & Mary.

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Michal Handerhan
COO, Co-Founder and Director

A co-founder of BTCS, Michal supports both our business and research and development strategies, and has played a key role in the Company’s ability to capitalize on the rapidly expanding opportunity in the blockchain space. From February 2011 through February 2014 he served as an independent IT and web services consultant to the National Aeronautics and Space Administration (NASA). From October 2005 until February 2014 Michal was the President and CEO of Meesha Media Group, LLC, which provided high-definition video production services, Web 2.0 development, database management, and social media solutions. From March 2002 through October 2006 he served as a team leader for NASA in their Peer Review Services group. Prior to NASA Peer Review Services Michal served as the web developer for Folio Investments. He received B.S. in Computer Science from Czech Technical University.

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David Garrity
Director

David has over 30 years’ experience in the financial services industry. He has held senior roles including CFO and board of director positions for both publicly-held and private companies, and has extensive experience in several disciplines including operating, advisory and research, and is CEO of New York City-based consulting firm, GVA Research. He is President of BTblock, an emerging technology & cybersecurity consultancy firm, and currently serves as the Independent Director of EncrypGen. During 2008 and 2009, David served as CFO and a director at Interclick, Inc., a publicly-held behavioral targeting internet advertising network. From June 2011 to May 2013, he was Chief Financial Officer of Aspen Group, Inc., a publicly-held online for-profit university. From May through October 2013, he was Executive Vice President Corporate Development for Aspen Group, Inc. and from February 2017 through January 2018 he was acting CFO of Mutualink, Inc.

SEC Filings

Press Releases

Frequently Asked Questions

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 in Note 4 to 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, a 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.

BTCS year end is December 31st, with quarters ending on March 31st, June 30th, and September 30th.

Equity Stock Transfer LLC, 237 W 37th Street, Suite 602, New York, NY 10018

BTCS has engaged RBSM LLP as its independent registered accounting firm for its fiscal year ending December 31, 2020.

As of February 22, 2021, there were 45,215,951 shares of common stock issued and outstanding, 196,094 shares of common stock underlying Series C-1 convertible preferred stock, and 2,502,915 warrants to purchase common stock. The following excludes share issuable upon the conversion of our Series C-2 Preferred stock and options and RSUs all of which are subject to shareholder approval at our 2021 annual meeting. 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.

BTCS is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be involved with digital assets and blockchain technologies. Please visit the About Us or Operations sections for more information or review our SEC filings.

The Company’s common stock is quoted on the OTCQB and traded under the symbol “BTCS”.

The Company has never declared or paid any dividends on its capital stock.

Dave Gentry, RedChip Companies Inc., [email protected] or [email protected] (407) 491-4498.

Our corporate address is a P.O. box and we do not currently maintain physical office space. Our staff works very effectively remotely and we believe a distributed work force may allow us to attract better talent in the future as we grow our operations.

Job Openings

Responsibilities:

  • Participate in key decisions as a member of the executive management team.
  • Lead all financial statement preparation, and presentation, along with financial planning and analysis, budget forecasting and re-forecasting.
  • Maintain books and records of BTCS and perform all bookkeepingand accounting tasks.
  • Assure timely and accurate financial closing processes including overall responsibility for completion of quarterly reviews and annual audits.
  • Submit all required financial reporting statements with the SEC and other various regulators ahead of prescribed deadlines.
  • Work with outside counsel to prepare and manage all SEC filings, including 8ks, registration statements, proxies, and ownership filings. Including managing the annual meeting process.
  • Establish and maintain financial policies and procedures and internal business controls that ensure sustainable and profitable business growth.
  • Manage key external relationships with audit professionals, consultants, and tax advisors.
  • Develop strategies for compliance with emerging accounting and tax rule changes and guidance from oversight bodies.
  • Assist with the evaluation, due, diligence, negotiation, documentation and closing and subsequent financial reporting of mergers, acquisitions and other business transactions.
  • Oversee employee benefit plans, ESOPs, and 401k matching plans with particular emphasis on maximizing a cost-effective benefits packages.
  • Communicate with wall street and investment bankers with respect to shareholder updates, earning calls, annual meetings, roadshows, conferences, and fund raising efforts.
  • Report financial results to the board of directors on a monthly basis.
  • Report quarterly financial results to the board of directors and audit committee prior to public disclosure.
  • Evaluate and improve processes and systems to promote operational excellence.

 

Qualifications:

  • An undergraduate degree in accounting, economics, finance or related field. An advanced graduate degree is a plus.
  • 7+ years work experience in accounting.
  • CPA (or equivalent license).
  • Previous finance experience at a technology company such as e-Commerce, payment services, wider FinTech, credit cards or global transaction services and exchanges will be advantageous. Previous experience with crypto-currency, DeFi, proof-of-stake, and relevant industry experience is highly desirable.
  • Proven experience gained within a relevant, regulated financial services organization and a strong understanding of relevant products and services, including current knowledge of their regulatory financial requirements.
  • Proven track record of leading teams, managing performance, and improving knowledge/skills of team members.
  • Ability to learn quickly in a fast-paced and changing financial environment with the demonstrated capacity for excellent judgment, communication, and negotiation skills.
  • Outstanding interpersonal skills and relationship building abilities.
  • Experience and deep knowledge of Quickbooks.
  • Has a very deep understanding of U.S. GAAP and how it applies to complex crypto currency transactions.
  • Data-driven leadership skills with a multi-layered understanding of the economics and drivers for a growth-oriented business.
  • The ability to design the work processes, plans, KPIs, and incentive schemes to achieve company goals.
  • Experience with debt, equity linked, and equity financing, as well as M&A transactions is required.
  • Ability to analyze digital assets and prepare findings in a format equivalent to an equity research coverage initiation report is highly desirable.
  • The ideal candidate will have a regulatory financial background but, in any event, he/she will possess a proven track record of successfully navigating complex regulatory, financial and legal matters.

Description coming soon

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