Every 8-K that BTCS Inc. (BTCS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BTCS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BTCS filings page.
BTCS Inc. (BTCS) reports that on August 21, 2026 it borrowed an additional $10.0 million USDT through the AAVE decentralized finance lending protocol, increasing its total AAVE borrowings to approximately $53.0 million. These borrowings remain subject to the Board-approved 50% loan-to-value (LTV) cap specific to AAVE usage.
The AAVE debt is collateralized by approximately 46,531 ETH with an indicated value of $112.6 million based on an ETH price of $2,420, and has no fixed maturity but is subject to liquidation if the AAVE health factor falls below one. The loan carries a variable interest rate determined by AAVE’s smart contract; at the time of the additional borrowing the rate was about 3.98% per annum. BTCS used the proceeds to acquire additional ETH and USDC and deployed these into liquidity pools through its Imperium business, and states that AAVE-related activities are in its ordinary course of business.
BTCS Inc. (BTCS) reported second quarter 2026 results highlighting a sharp improvement in operating profitability but very large losses tied to digital assets. For the quarter ended June 30, 2026, BTCS generated $2.4 million in total revenue and $1.5 million in gross profit, representing a 61% gross margin versus a gross loss a year earlier. Management stated gross profit increased 47% quarter-over-quarter, driven largely by its DeFi business line, Imperium, which represented 61% of total revenue.
Despite better margins, BTCS recorded a substantial net loss of $34.9 million in Q2 2026, compared with net income of $3.9 million in Q2 2025, mainly due to $21.4 million in unrealized digital asset losses, $4.9 million realized digital asset losses, and a $5.2 million impairment on intangible digital assets in the quarter. For the first half of 2026, net loss reached $104.1 million. The balance sheet shows total assets of $89.3 million and stockholders’ equity of $38.8 million as of June 30, 2026, both significantly lower than December 31, 2025, reflecting declines in Ethereum-focused digital asset holdings, while loans payable to DeFi protocols stood at $36.0 million.
BTCS Inc. has appointed Chris Janis to its Board of Directors, effective July 1, 2026, and named him Chairperson of the Audit Committee and a member of the Compensation Committee. The company states there are no related-party transactions involving Mr. Janis under Regulation S-K Item 404(a).
For his board service and role as Audit Committee Chair, Mr. Janis will receive annual cash compensation of $50,000 plus $5,000 for chair duties, paid quarterly starting with the quarter ending September 30, 2026, along with $50,000 of common stock issued in four equal quarterly installments based on the share price at each quarter-end.
BTCS highlights Mr. Janis’s more than 35 years of experience in public accounting, consulting, and executive financial leadership, including serving as a PwC Partner in its Cyber, Risk & Regulatory Practice until June 2026 and prior CFO roles in telecommunications and technology companies.
BTCS Inc. held its 2026 Annual Meeting of Shareholders and reported a debt repayment. Shareholders elected Charles Allen, Charles Lee, and Ashley DeSimone as directors and approved six proposals, including several amendments to the 2021 Equity Incentive Plan.
Investors approved increasing shares authorized under the 2021 Plan to 24,500,000, allowing certain recycled shares to be reused, and adding an evergreen provision starting with fiscal year 2027. Separately, on June 5, 2026, BTCS repaid $8.7 million of principal under its borrowing arrangement with Aave, leaving approximately $35.7 million of indebtedness outstanding, including accrued and unpaid interest.
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. 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. 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.
BTCS Inc. reported that on February 5, 2026 it sold 10,000 ETH for total net proceeds of $18.7 million. The company used these proceeds to repay outstanding principal indebtedness on Aave, leaving a remaining Aave debt balance of $43.8 million, inclusive of accrued and unpaid interest.
BTCS Inc. reported that it released a press release containing a letter to shareholders with selected financial results for the year ended December 31, 2025. The press release and letter, dated January 7, 2026, are provided as an exhibit to this report so investors can review the company’s summarized full-year 2025 performance. BTCS specifies that this information is being furnished rather than filed, meaning it is not subject to certain liability provisions under the Securities Exchange Act and will not automatically be incorporated into other securities law documents.
BTCS Inc. furnished a Regulation FD update announcing it issued a press release with financial results for the three and nine months ended September 30, 2025, and posted an updated corporate presentation. These materials are furnished under Item 7.01 and are not deemed filed under Section 18 or incorporated by reference.
Exhibits include the press release dated November 14, 2025 (Ex. 99.1), the November 2025 investor presentation (Ex. 99.2), and the cover page Inline XBRL file (Ex. 104).
BTCS Inc. disclosed that its Board approved a new share repurchase program authorizing the company to buy back up to $50 million of its common stock over a three-year period. Repurchases may be made from time to time in the open market, through privately negotiated transactions, or otherwise, as determined by the CEO under the Board’s authorization.
All repurchases will follow Rule 10b-18 and applicable state law, with H.C. Wainwright & Co., LLC engaged as the sole broker. The program includes pricing limits: no repurchases may occur above the current fair market value of BTCS’s crypto assets and cash divided by outstanding common shares, and repurchases are restricted in relation to named executive officers’ 10b5-1 trading plans. The company is not obligated to repurchase any particular number of shares, and the Board may modify, suspend, or discontinue the program at any time.
BTCS Inc. declared a dividend of $0.05 per share for each outstanding share of common stock and Series V preferred stock, payable to holders of record as of the close of business on September 26, 2025. Common stock holders may elect to receive this dividend in cash or in Ethereum, branded as the “Bividend,” while Series V shares are eligible only for cash.
To receive Ethereum, common shareholders must complete an online Opt-In Agreement, provide an Ethereum wallet address, and transfer their shares to Equity Stock Transfer by the Record Date. The Ethereum amount will equal the cash value elected divided by the Ethereum market closing price on the Record Date. BTCS also approved a one-time Loyalty Payment of $0.35 per common share, payable in Ethereum to shareholders who both elect the Ethereum dividend and hold their shares with the transfer agent through January 26, 2026. In addition, on August 15, 2025, the compensation committee confirmed that certain long-term incentive awards vested after the company maintained a market capitalization above $150 million for 30 consecutive days.
BTCS Inc. posted an updated investor presentation on its website and furnished that presentation as Exhibit 99.1 to this report. The company clarifies the presentation is furnished, not filed, and therefore is not subject to Section 18 liabilities or incorporation by reference in future filings.
The company’s compensation committee determined that certain previously granted long-term incentive awards vested because the company maintained a market capitalization in excess of $100 million for 30 consecutive days, triggering the awards’ market-cap vesting condition under the applicable agreements.
BTCS Inc. reported that on August 7, 2025 its board determined the company exceeded the highest-tier liquidity milestone under the 2025 Annual Performance Incentive Plan by maintaining a combined cash and crypto balance in excess of $75 million for twenty consecutive days. That liquidity milestone represents 25% of each executive officer's target incentive compensation and is intended to reward financial strength and liquidity.
In line with the plan, the board approved performance-based awards in the form of non-qualified stock options. The Chief Executive Officer received 169,232 options and the Chief Financial Officer received 81,613 options. The options have a seven-year term, an exercise price of $4.20 per share, and vest in full on December 31, 2026. The report was signed by CEO Charles W. Allen on August 11, 2025.
BTCS Inc. filed an Form 8-K to announce preliminary second-quarter 2025 results. Management states the Company expects to achieve an all-time record level of revenue for Q2-25, although no dollar figures or growth percentages were provided. The filing also discloses that BTCS has secured MetaMask order-flow, implying a new revenue stream from the popular Ethereum wallet’s transaction activity. No balance-sheet data, earnings figures, or guidance revisions are included; the Company refers investors to a separate press release (Exhibit 99.1) for additional detail. The information is furnished under Item 2.02 and is therefore not deemed “filed” for liability purposes under the Exchange Act.
Key takeaways for investors:
- Record Q2 revenue anticipated – signals continuing topline growth in the Company’s blockchain infrastructure and staking operations.
- MetaMask order-flow win – could broaden BTCS’s fee-based revenue and deepen its participation in Ethereum-based transactions.
- Limited quantitative disclosure – investors must await the full press release or 10-Q for precise figures and margin impact.
BTCS Inc. (NASDAQ: BTCS) filed an 8-K disclosing a new decentralized-finance (DeFi) borrowing transaction that materially increases its leverage and Ethereum exposure.
Direct financial obligation: On 17 June 2025 the company drew an additional $2.5 million USDT from the AAVE lending protocol, lifting total AAVE borrowings to $4.0 million USDT. Borrowings are denominated in the dollar-pegged stablecoin USDT.
Collateral & loan structure: • The loan is secured by ≈3,900 ETH (≈$9.85 million at $2,528/ETH). • Resulting loan-to-value is roughly 40 %, in line with a board-approved ceiling. • AAVE applies an 80 % liquidation threshold to ETH; if ETH price declines enough for the health factor to drop below 1, automatic (smart-contract) liquidations can occur. • There is no fixed maturity date; repayment is at BTCS’s discretion, subject to maintaining the health factor.
Economics: • Variable borrowing rate at draw date: 4.71 % p.a. • ETH collateral simultaneously earns 1.92 % on AAVE. • Net cost of capital ≈ 2.78 % (4.71 % paid minus 1.92 % earned).
Use of proceeds: Management used the incremental USDT to purchase additional ETH, further concentrating the balance sheet in a single crypto-asset. The board has authorised cumulative AAVE borrowings up to $4 million USDT, a limit now reached.
Regulation FD disclosure: A related press release (Exhibit 99.1) dated 20 June 2025 highlights the expansion of Ethereum holdings; the release is furnished, not filed.
Key takeaways for investors:
- BTCS is employing leverage to expand its core digital-asset position at an attractive headline cost, betting on continued ETH appreciation.
- The structure is high risk-high reward; a sharp ETH decline could trigger forced liquidations and crystallise losses.
- Interest rates on both sides of the AAVE transaction are floating and may change with DeFi market conditions, adding earnings volatility.