BTCS Inc. Expands Block-Building Operations to Binance Chain Through Strategic Acquisition

Rhea-AI Summary

BTCS has expanded its block-building operations to Binance Chain, the fifth-largest cryptocurrency with an $80 billion market cap. The expansion includes the acquisition of TxBoost, a Binance Chain block builder.

The company's Builder+ platform showed strong performance, generating $2.3 million in Q4 2024, representing over 50% of 2024's total revenue. This expansion leverages BTCS's existing Ethereum-focused infrastructure, capitalizing on Binance Chain's EVM compatibility.

CEO Charles Allen emphasized this move as a strategic step toward achieving their 2025 revenue target of $20 million. The expansion aligns with BTCS's goals of increasing revenue and improving margins through blockchain infrastructure development.

Positive

• Q4 2024 Builder+ revenue reached $2.3M, representing over 50% of total 2024 revenue
• Strategic acquisition of TxBoost to accelerate Binance Chain block-building operations
• Expansion into Binance Chain (5th largest crypto, $80B market cap) leverages existing technology stack
• Company pursuing $20M revenue performance milestone for 2025

Negative

• Heavy revenue concentration with Builder+ contributing over 50% of total revenue, indicating potential business risk
• Significant revenue growth needed to reach $20M target from current Q4 run rate of $2.3M

Silver Spring, Maryland--(Newsfile Corp. - April 7, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, today announced the expansion of its block-building operations to Binance Chain, the fifth-largest cryptocurrency with a market cap exceeding $80 billion as of April 3, 2025. This move reinforces the Company's commitment to scalable revenue growth.

The expansion was accelerated through the strategic acquisition of TxBoost, an established Binance Chain block builder, further strengthening BTCS's position in the rapidly evolving Ethereum Virtual Machine ("EVM") based ecosystem.

"Builder+ supporting Binance Chain is a natural extension of our Ethereum-focused infrastructure strategy," stated Charles Allen, CEO of BTCS. "Given Binance Chain's roots as a fork of Ethereum and its EVM compatibility, we're able to leverage components of our existing technology stack to quickly scale, which aligns with our strategic objectives of increasing revenue and improving margins."

Builder+ generated significant revenue growth for the Company. In Q4 2024, it generated approximately $2.3 million in revenue, as disclosed in our 2024 Full Year Earnings Release, accounting for more than half of 2024 total revenue. With the addition of Binance Chain to Builder+, BTCS plans to drive revenue growth by strategically expanding operations across compatible blockchains.

Quarterly Revenue Growth

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This initiative is in line with management's desire to achieve the Company's 2025 $20 million revenue performance milestone, as noted in our January 2, 2025, Form 8-K filing. Management believes this initiative-alongside other ongoing strategic efforts-is a meaningful step toward achieving that goal and creating shareholder value.

About BTCS:

BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

Forward-Looking Statements:

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding investment opportunities from Binance Chain, growth of Binance, goals and beliefs with respect to revenue goals and increased margins, and our ability to capitalize on Binance Chain's growth. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unanticipated issues integrating Binance Chain into our operations, cybersecurity risks, technological challenges, market adoption risks, competition, changes in blockchain protocols, unexpected issues with Builder+, the reluctance of validators to utilize our Builder+ product, volatility in cryptocurrency markets, and other risks inherent to blockchain technology and cryptocurrency operations, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

For more information follow us on:
Twitter: https://x.com/NasdaqBTCS
LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
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Investor Relations:
Charles Allen - CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247309

FAQ

How much revenue did BTCS Builder+ generate in Q4 2024?

BTCS Builder+ generated $2.3 million in revenue during Q4 2024, representing more than 50% of the company's total revenue for 2024.

What is BTCS (NASDAQ: BTCS) revenue target for 2025?

BTCS has set a revenue performance milestone of $20 million for 2025, as disclosed in their January 2, 2025 Form 8-K filing.

How is BTCS expanding its blockchain operations in 2025?

BTCS is expanding its block-building operations to Binance Chain through the acquisition of TxBoost, leveraging their existing Ethereum technology stack for the fifth-largest cryptocurrency network.

What is the market cap of Binance Chain where BTCS is expanding?

Binance Chain has a market cap exceeding $80 billion as of April 3, 2025, making it the fifth-largest cryptocurrency.

How will BTCS Builder+ expansion to Binance Chain affect revenue?

The expansion to Binance Chain is expected to drive revenue growth by leveraging BTCS's existing technology stack and improving margins through EVM compatibility.