Btcs Inc Stock Price, News & Analysis

BTCS is urging shareholders to take action to safeguard their investments amid concerns over share lending practices. Approximately 8.7 million shares are held by over 35,000 shareholders, with more than 80% at four brokerage firms, raising risks of short selling. The CEO highlighted that the shift to zero-commission trading has fostered an environment where brokers lend shares without notice, which could undermine retail investors' interests. BTCS recommends holding shares in cash accounts, opting out of securities lending programs, or transferring shares to their transfer agent, with costs covered for DRS transfers. The company emphasizes the importance of fair markets and encourages investors to consult their financial advisors.

BTCS Inc. (Nasdaq: BTCS) announced key dates for its Series V Convertible Preferred stock distribution, with a record date of March 27, 2023, and a payment date of April 14, 2023. This series will be distributed on a 1:1 basis to common stockholders. CEO Charles Allen emphasized that this move aims to protect investors by leveraging blockchain technology to enhance share transaction efficiency and transparency. Notably, the Series V carries no voting rights and is redeemable after one year. The distribution remains contingent on regulatory approvals, including obtaining a DTC eligible CUSIP number.

BTCS Inc. (Nasdaq: BTCS) announced the creation of Series V Convertible Preferred Stock, referred to as Vouchers, intended for distribution to all shareholders of record as of a yet-to-be-determined date. Each Voucher can be converted into one share of common stock listed on a blockchain-based exchange, contingent on specific approvals. CEO Charles Allen emphasized the Vouchers as a means to leverage blockchain technology for real-time settlement and enhanced market transparency, aiming to protect retail investors. However, the Vouchers will not confer voting rights or dividends and will be redeemable after one year.

BTCS Inc. (Nasdaq: BTCS) has announced its application to dual list its shares on Upstream, a platform for digital securities and NFTs. This decision underscores BTCS's commitment to innovation in blockchain technology. With over 8,400 ETH staked on Ethereum's blockchain, the company aims to unlock growth and value for shareholders. CEO Charles Allen stated that this dual listing is a significant step toward leveraging Ethereum's capabilities in modern finance. The approval process for the listing is pending acceptance by MERJ Exchange, which may expedite the process due to BTCS's existing Nasdaq status.

BTCS Inc. (Nasdaq: BTCS) has launched a private beta of its Digital Asset Analytic and Staking-as-a-Service platform, StakeSeeker. This platform aims to provide crypto holders with a centralized dashboard for managing and earning rewards on their digital assets. The service is designed to address the risks associated with centralized lending platforms, offering a non-custodial solution for staking. CEO Charles Allen emphasized the platform’s potential for growth amid evolving market dynamics, while also highlighting its unique analytics features as a significant advantage for users.

BTCS, a blockchain technology-focused company, will present virtually at the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 3:00 PM ET. CEO Charles Allen will discuss BTCS’s blockchain infrastructure, its upcoming staking-as-a-service platform, and clarify that the company holds no assets with FTX, with less than 1% of its digital assets on exchanges. This Expo includes various tech and media companies and offers opportunities for one-on-one meetings with investors. For more details, visit btcs.com.

BTCS, a blockchain technology-focused company, is partnering with FORCE Family Office to host a fireside chat regarding the state of blockchain and cryptocurrency. Scheduled for December 6th at 12:00 PM ET, the webinar will feature insights from Charles Allen, CEO of BTCS, and Greg Johnson, CEO of Rubicon Crypto. They will discuss the resilience and benefits of crypto despite recent market challenges. BTCS, a leader in blockchain infrastructure, is developing a Staking-as-a-Service platform to enhance user engagement with digital assets.

BTCS reported a revenue increase of 83% to $1.4 million for the first nine months of 2022, but experienced a 33% revenue decline to $0.3 million in Q3 compared to Q2 due to depressed Digital Asset prices. The net loss for Q3 was $1.0 million, significantly improving from $7.7 million in Q2. Digital Asset impairment charges dropped to $145,000 in Q3 from $8.9 million in Q2. The fair value of Digital Assets rose 24% to $14.8 million by September 30, 2022. Management emphasized their focus on next-gen blockchains and the Staking market.

BTCS (Nasdaq: BTCS) announced an upcoming Ask Me Anything (AMA) session on October 25, 2022, hosted by CEO Charles Allen. This event will provide updates on the company's recent activities and its Staking-as-a-Service platform. The AMA starts at 5:00 PM Eastern Time and aims to engage directly with investors, partners, and customers. Allen expressed excitement about this interaction and is prepared to answer questions during the 60-minute session. A replay will be available post-event. BTCS focuses on blockchain infrastructure and technology.