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BTCS Inc. is a blockchain technology company[1] that allows investors to stake digital assets on a decentralized platform integrated by the Web3 data network protocol.[2] In June 2013, the company was cofounded by Michal Handerhan, Timothy Sidie and Charles W. Allen and headquartered in Arlington, Virginia.[3] BTCS is the first company that rewards shareholders in Bitcoin cryptocurrency dividends payouts.[4][5] BTCS was listed as a publicly traded company on the Nasdaq Capital Market in February 2014 under the ticker symbol of "BTCS.[6][7]"
 | |
| Company type | Public company |
|---|---|
| |
| Founded | June 2013 |
| Founders |
|
| Headquarters | Arlington, Virginia, USA |
Key people | Charles W. Allen, Manish Paranjape |
| Services | Cryptocurrency staking |
| Revenue |  US$1.03 million (2023) |
Number of employees | 10 (2024) |
| Website | https://www.btcs.com/ |
| Footnotes / references Financials as of January 31, 2023[update]> | |
"We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets," Charles W. Allen announced in a press statement for Yahoo Finance News.[5]
BTCS Inc. authenticates proof-of-stake (PoS) with proof-of-work (PoW) concept by providing public signature for blockchain transactions.
During an interview with Bloomberg, Charles W. Allen[8] discussed the volatility of digital cryptocurrency investments compared to a public company. Allen primarily focused on issues involving reliability and transparency of nontangible assets.[9]
History
editOn December 31, 2023, approximately 15.32 million stock shares of outstanding and common stock have been issued exactly 14.57 million shares of preferred stock issued and outstanding, precisely 3 million stock options including restricted stock units and 712,000 shareholder securities warrant. The securities were listed per common share with a market price set US$11.50 per stock during December 2023.[10]
References
edit- ^ Locke, Taylor (2022-01-06). "One company is offering dividends in bitcoin—but experts say it may be better to just buy the cryptocurrency directly". CNBC. Retrieved 2024-11-13.
- ^ Ember, Sydney (2014-12-04). "Second Bitcoin Auction Draws Fewer Bidders". DealBook. Retrieved 2024-11-13.
- ^ Leger, Donna Leinwand. "Bitcoin: Super currency or super fad?". USA TODAY. Retrieved 2024-11-13.
- ^ Bellusci, Michael (2022-01-05). "Blockchain Firm BTCS to Offer Dividend in Bitcoin; Shares Surge". www.coindesk.com. Retrieved 2024-11-13.
- ^ a b "BTCS First-ever Nasdaq-listed Company to Offer a Dividend Payable in Bitcoin". Yahoo Finance. January 5, 2022.
- ^ Rubin, James (2021-09-13). "BTCS to Start Nasdaq Trading". www.coindesk.com. Retrieved 2024-11-13.
- ^ "Nasdaq-Listed Firm Says It Will Offer the First Bitcoin Dividend". Bloomberg.com. 2022-01-05. Retrieved 2024-11-13.
- ^ "Charles W Allen, Btcs Inc: Profile and Biography". Bloomberg.com. Retrieved 2024-11-13.
- ^ Watch Federal Government Auctions off Bitcoins - Bloomberg, 2015-03-05, retrieved 2024-11-13
- ^ Fox, Matthew. "Crypto company BTCS soars 67% after it announces first-ever bitcoin dividend". Markets Insider. Retrieved 2024-11-13.
External links
edit- Official website
- Business data for BTCS Inc.: