Fair market value of of the company crypto holdings and cash position at close record
Silver Spring, MD, November 02, 2021 (GLOBE NEWSWIRE) – BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a company focused on blockchain technology, today announced the launch of its Newly revised website (www.btcs.com).
“The latest update to our corporate website better articulates our business plan, growth trajectory and scalable value proposition, providing a clear vision for our stakeholders,” said Charles Allen, CEO of BTCS . “With a strong financial foundation and the benefit of increased recognition as a Nasdaq listed company, our team is fully focused on implementing our vision to integrate our data analytics and staking platforms into as a service in a unique and transparent product offering. “
BTCS designs the data analysis dashboard to remove the technical barrier to entry of crypto and blockchain, integrating and ultimately delivering a full range of offerings focused on two main functionalities: portfolio analysis and staking-as-a-service.
“Once started, leveraging assets through our staking pools should provide investors at all levels with an opportunity to earn rewards,” Allen continued. “As a pioneer in the revenue-generating full-node deployment space, our team has the experience to provide a solution to this growing demand. We continue to grow our blockchain infrastructure operations, and by opening our core validator nodes to allow users to delegate their crypto through our non-custodian pools, we plan to allow platform participants to earn a return to from the best new generation blockchains.
“We are currently generating revenue by operating master validation nodes on multiple blockchains, including the Beacon Chain of Ethereum, Cardano, Tezos, Avalanche and Cosmos, with more on the horizon,” added Michal Handerhan, COO of BTCS. “We are excited, once launched, to bring that same revenue-generating potential to our user base as it grows. “
The company is also happy to announce that the beta of its digital asset data analytics platform is now open to all participants and currently supports six exchanges and over 800 digital assets. BTCS plans to further expand its suite of performance monitoring tools, add additional centralized and decentralized exchanges, as well as wallets and betting pool monitoring.
To learn more about the BTCS Data Analytics Dashboard beta, as well as the company’s business plan, growth trajectory and value proposition, visit BTCS.com.
The Company’s digital asset treasury strategy has been a key factor in improving its financial position. The fair market value of BTCS digital holdings and cash hit a new high in October, surpassing $ 45 million. The company’s planned integration of asset optimization through its data analytics platform is designed to accelerate revenue growth.
BTCS is a forerunner in the blockchain and digital currency ecosystem, and the first publicly traded US company “Pure Play” focused on blockchain infrastructure and technology. Through its blockchain infrastructure operations, the Company secures Proof-of-Stake blockchains by actively processing and validating blockchain transactions and is rewarded with native digital tokens. The company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform, which it plans to integrate with its data analysis dashboard, currently in beta. BTCS ‘proprietary digital asset data analysis platform currently supports six exchanges and over 800 digital assets, and the company plans to further expand its suite of performance monitoring tools, adding additional centralized and decentralized exchanges, as well as portfolios and oversight of equity pools. The Company’s digital asset treasury strategy, focused primarily on disruptive non-security protocol layer assets, is a central element of its business model and supports BTCS’s expanding operations. For more information visit: www.btcs.com.
Certain statements in this press release constitute “forward-looking statements” within the meaning of federal securities laws, including statements regarding our belief regarding the expectations of the Data Analytics Dashboard, intended to enable participants to the platform to generate income with the best of the next generation. blockchains, potential revenue for our user base, accelerated revenue and growth, and plans for a staking-as-a-service platform. Words such as “may”, “could”, “will”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “continue”, “predict”, “foresee” , “Plan,” “plan”, “intention” or similar expressions, or statements regarding current intention, belief or expectations, are forward-looking statements. Although the Company believes that these forward-looking statements are reasonable, we should not place undue reliance on these forward-looking statements, which are based on information available to us as of the date of this press release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, the rewards and costs associated with validating transactions on proof-of-stake blockchains, a significant decrease in the value of our digital assets and rewards. during lockdown, loss or theft of private withdrawal keys resulting in complete loss of digital assets and reward, unexpected issues with our database, reluctance of users to accept our product, decrease in the value of the crypto we own currently, as well as the risks set out in documents filed by the Company with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2020 and the prospectus supplement dated September 14, 2021. Thus, the actual results could be materially different. The Company expressly disclaims any obligation to update or modify statements, whether as a result of new information, future events or otherwise, except as required by law.
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