Welcome to our dedicated page for Btcs SEC filings (Ticker: BTCS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BTCS Inc. filings document the formal disclosures of an Ethereum-focused blockchain technology company with infrastructure and decentralized finance operations. Current reports furnish financial results, investor presentations, updates on Builder+ block-building activity, Imperium DeFi revenue, ETH holdings, and capital actions involving crypto assets and Aave indebtedness.
The filing record also includes proxy materials and governance reports covering shareholder meeting matters, executive compensation programs, board and committee actions, and changes in the company’s independent registered public accounting firm. These disclosures connect BTCS’s digital-asset operations with public-company reporting on liquidity, compensation metrics, auditor oversight, and capital structure.
BTCS Inc. reported a change to its corporate bylaws that lowers the shareholder meeting quorum requirement. The board approved an amendment so that holders of thirty-three and one third percent (33.3%) of the voting power, present in person or by proxy, now constitute a quorum.
Previously, the bylaws required a majority of the voting power to be present for a shareholder meeting to conduct business. This amendment is set out in an attached bylaw change identified as Exhibit 3.1.
BTCS Inc. reported Q1 2026 results highlighting a sharp mix of improving margins and large crypto-related losses. Total revenues were $2.15M, up 27% from Q1 2025, driven by the Imperium DeFi line, which contributed $1.01M and about 47% of revenue.
Gross profit rose to $1.01M with a 47% margin, compared with $0.12M and a 7% margin a year earlier, as the business shifted toward higher-margin DeFi activity and away from low-margin block building. However, BTCS posted a net loss of $69.16M, mainly from $35.69M in unrealized and $29.29M in realized losses on digital assets tied to ETH price declines and collateral management.
On the balance sheet, total assets fell to $129.0M from $214.6M as digital asset values declined and some holdings were sold or redeployed into staking, DeFi, and liquidity pools. The company reduced gross debt to about $74.8M from $93.0M by repaying DeFi borrowings, and ended the quarter with $0.28M in cash and $0.53M in stablecoins. Management targets $6M of gross profit for 2026, reflecting confidence that Imperium will remain the main profit driver.
BTCS Inc. reported blockchain-focused operations with growing complexity but sharply weaker financial results for the three months ended March 31, 2026. Revenue rose to $2.15M from $1.69M, driven by new DeFi revenues of $1.01M alongside blockchain infrastructure revenues of $1.14M.
However, heavy realized and unrealized losses on digital assets of about $29.3M and $35.7M, plus impairment charges, led to a net loss of $69.2M versus $17.3M a year earlier. The fair value of digital assets fell from $210.8M to $116.0M, while stockholders’ equity dropped from $139.4M to $72.1M.
BTCS holds significant ETH deployed in staking and DeFi, including Aave-based borrowing, with loans payable to DeFi protocols of $43.8M and cash of only $0.28M. The company highlights substantial dependence on the Ethereum ecosystem and DeFi protocols, exposing it to price volatility, smart contract, collateral, and liquidity risks.
BTCS Inc. calls a virtual 2026 annual stockholders meeting on June 8, 2026, with April 13, 2026 as the record date. Stockholders will vote to elect three directors, ratify Forvis Mazars, LLP as auditor for 2026, and amend the 2021 Equity Incentive Plan.
The plan amendments would raise the share limit to 24,500,000 shares, allow certain shares (such as those withheld for taxes or option exercises) to return to the pool, and add an evergreen feature that can increase available shares annually by up to 2.5% of outstanding common stock. An adjournment proposal would permit extending the meeting to gather more votes if needed.
BTCS Inc. is soliciting proxies for its virtual 2026 Annual Meeting of Stockholders to be held on June 8, 2026. The Board fixed April 13, 2026 as the record date. The Agenda includes election of three directors, ratification of Forvis Mazars as auditor, and three amendments to the 2021 Equity Incentive Plan: (1) increase authorized shares to 24,500,000, (2) broaden share reuse rules, and (3) add an evergreen that adds 2.5% of outstanding shares annually. The Board unanimously recommends a "For" vote on all proposals.
BTCS Inc. changed its independent registered public accounting firm, dismissing RBSM LLP and appointing Forvis Mazars, LLP for the fiscal year ending December 31, 2026. The board acted on the recommendation of the Audit Committee.
BTCS states that RBSM’s audit reports on the 2025 and 2024 financial statements contained no adverse or disclaimed opinions and were not qualified or modified. The company also reports no disagreements with RBSM and no reportable events during those periods. Before the appointment, BTCS and its representatives did not consult Forvis Mazars on accounting principles, audit opinions, or other reportable matters.
BTCS Inc. reported full-year 2025 revenue of $16.5 million, a 305% increase from 2024, driven mainly by its Builder+ Ethereum block-building operations and the launch of its Imperium DeFi segment, which contributed about $1.3 million of higher-margin revenue.
Despite the growth, BTCS posted a net loss of $33.4 million, larger than the prior year, as higher validator payments, infrastructure costs, digital asset losses, and interest expense weighed on results. Gross profit was about $2.0 million, with gross margin declining to roughly 12%.
Total assets rose to $214.6 million at December 31, 2025, including substantial Ethereum holdings and DeFi deployments, while total liabilities increased to $75.2 million, largely from DeFi borrowing and convertible notes. Management is targeting $6 million in gross profit for 2026 and expects Imperium to make up a larger share of revenue as it scales its Ethereum-focused infrastructure and DeFi strategy.
BTCS Inc. filed its annual report detailing a sharp strategic shift toward Ethereum-focused blockchain infrastructure and DeFi operations. Total revenue rose to $16.5 million from $4.1 million, driven mainly by Builder+ block-building and the new Imperium DeFi segment.
Despite this growth, higher validator payments, operating costs, and a large $15.7 million unrealized loss on digital assets pushed the 2025 net loss to $33.4 million. BTCS funded expansion through ATM equity sales, $17.9 million of secured convertible notes, and DeFi borrowings, while also initiating a $50 million buyback program, paying special dividends, and distributing an ETH loyalty payment.
BTCS Inc. revised its 2026 annual performance incentive program for executives and employees to tie all bonuses to measurable results. Executives will receive no discretionary bonuses; instead, payouts depend solely on three milestones.
The 2026 revenue milestone now carries a 25% weight, with threshold, target and cutoff levels of $15,000,000, $20,000,000 and $35,000,000. Gross profit is prioritized at a 50% weight, with milestones of $4,500,000, $6,000,000 and $10,500,000. A cash and crypto liquidity milestone, measured over any 20 consecutive calendar days in 2026, carries a 25% weight with thresholds of $276,250,000, $325,000,000 and $568,750,000.
Payouts for all metrics range from 20% of target incentive at threshold performance to 250% at the cutoff level. Any payout above an individual’s target amount will be delivered in stock options with a seven-year term and a one-year vesting period, granted at fair market value and subject to continued employment.
BTCS Inc. filed a current report describing an investor presentation released on March 11, 2026. The presentation, attached as Exhibit 99.1, includes selected financial results for the year ended December 31, 2025.
The materials are furnished, not filed, under securities laws, meaning they are not subject to Section 18 liability and are not automatically incorporated into other Securities Act or Exchange Act filings.