With Recent $9.5 million Offering BTCS Gains Institutional Investor Interest

Blockchain.News Official Team   Mar 18, 2021 09:00  UTC 01:00

2 Min Read

BTCS, a digital asset blockchain technology-focused company, recently closed an institutional investor-backed $9.5 million financing comprised of 9,500,000 shares of its common stock and common stock warrants to purchase up to 7,125,000 shares of common stock at a combined purchase price of $1.00 per share in a registered direct offering.

In 2014, BTCS became the first U.S. public company to mine bitcoin. In March 2021, the company announced the launch of 200 ethereum 2.0 nodes that will generate revenue before month end. With over seven years of experience, BTCS now has a balance sheet with over $8 million in cash and approximately $14.5 million in crypto-currencies to execute the company’s strategic plan.

The company focuses on three lines of business:

  1. Transaction Verification Services: In its transaction verification services operation, BTCS secures and validates transactions on ethereum’s beacon “proof-of-stake” blockchain and plans to expand into securing other “proof-of-stake” blockchains;
  1. Digital Asset Data Analytics: BTCS is developing a platform aimed at providing crucial information to users, enabling the tracking of multiple digital asset exchange holdings to aggregate portfolio holdings into a single platform to view and analyze performance and risk metrics, and;
  1. Digital Asset Treasury Management: BTCS has launched a 200-node “staking” operation with a primary focus on disruptive non-security protocol layer assets such as ethereum. 

As outlined above, BTCS has a business plan focused on meeting the needs of the crypto-currency sector as it shifts towards more efficient “proof-of-stake” blockchain protocols and the burgeoning investor demands for greater information and insight. Implementation of the company’s strategic plan is fueled by its enhanced financial position.

From this point, BTCS offers stakeholders a unique investment opportunity focused on digital assets and blockchain technology.

About BTCS:

BTCS is an early entrant in the digital asset market. The Company through its transaction verification services business actively verifies and validates blockchain transactions and is rewarded with digital assets for its work. 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 such as bitcoin and ethereum. For more information visit: www.btcs.com

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