Predict your next investment

Corporation
btcs.com

See what CB Insights has to offer

Portfolio Exits

1

About BTCS

BTCS (OTCQB: BTCS) secures the blockchain through their rapidly growing transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast growing industry. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust. BTCS continues to evaluate and build additional blockchain technology consumer solutions. BTCS also actively partners and integrates with strategic digital currency and blockchain technology companies who provide products or services that are complementary to its business strategy.

BTCS Headquarter Location

1901 N. Moore St. Suite 700

Arlington, Virginia, 22209,

United States

703-832-0303

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing BTCS

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned BTCS in 4 CB Insights research briefs, most recently on Jun 23, 2021.

Latest BTCS News

BTCS’s Expanding Blockchain Infrastructure Operations Include Avalanche Node

Sep 17, 2021

BTCS first disclosed its plans to secure Avalanche’s Blockchain in April 2021 Silver Spring, MD, Sept. 17, 2021 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company, announced it has added Avalanche (“AVAX”) to its blockchain infrastructure operations. At a $14.2 billion market capitalization, AVAX claims to be one of the fastest smart contract platforms offering high transaction throughput. BTCS’ Blockchain Infrastructure Operations are focused on environmentally friendly technologies that utilize proof-of-stake consensus algorithms to process and validate digital asset transactions. While the process is similar to bitcoin mining, the Company’s assets are not tied up in rapidly depreciating ASIC hardware but rather locked in smart contracts allowing for potential long-term appreciation in addition to revenue generation. The advantages of staking versus bitcoin mining are clearly demonstrated by the Company’s staked ETH position, which has a fair market value of approximately $27.5 million as of September 16, 2021 compared to a cost basis of approximately $8 million. “Founded by Emin Gun Sirer, an associate professor of computer science at Cornell University, AVAX has garnered significant financial backing since inception, including its recent $230 million raise,” stated Charles Allen, Chief Executive Officer of BTCS. BTCS’s AVAX validator node was deployed and funded on August 20, 2021 and is expect to generate revenue shortly. “Several DeFi, NFT and other projects – The Graph, bZx, SushiSwap, Polyient Games, Injective Protocol, TrueUSD, TrustSwap, Copper – have integrated with AVAX, and AVAX is developing a bridge to the ETH network to enable users to transfer digital assets seamlessly between the two chains,” added Mr. Allen. “With exchange integrations, new applications, and the expansion of Ava Labs, we believe the roadmap for Avalanche is promising.” About BTCS: BTCS is an early mover in the blockchain and digital currency ecosystem, and the first "Pure Play" U.S. publicly traded company 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. The Company is also developing a proprietary digital asset data analytics platform that allows users to consolidate their crypto trades from multiple exchanges onto a single platform, enabling users to view and analyze their performance, risk metrics, and potential tax implications. The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets. For more information visit: 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 our belief regarding generating revenue from its AVAX validator node and the promising future from utilizing Avalanche. 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 current estimates and assumptions and are subject to various risks and uncertainties, including without limitation the rewards and costs associated with validating transactions on Avalanche’s blockchain, significant decrease in value of our digital assets and rewards while locked up, loss or theft of the private withdrawal keys resulting in the complete loss of digital assets and reward, 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, 2020. 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. Investor Relations:

BTCS Portfolio Exits

1 Portfolio Exit

BTCS has 1 portfolio exit. Their latest portfolio exit was Spondoolies on August 24, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/24/2021

Acquired

3

Date

8/24/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

3

BTCS Acquisitions

1 Acquisition

BTCS acquired 1 company. Their latest acquisition was Spondoolies on February 24, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/24/2016

Merger

$5M

Merger

1

Date

2/24/2016

Investment Stage

Merger

Companies

Valuation

Total Funding

$5M

Note

Merger

Sources

1

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.