Frequently Asked Questions

U.S. public companies such as BTCS are required to prepare and report their financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”).  Under U.S. GAAP, non-security digital assets such as bitcoin and ethereum are indefinite life intangible assets and carried at their lowest value since date of acquisition by BTCS.  A more detailed description of our digital asset accounting policies can be found in Note 4 to our most recent annual report. Additionally, PWC’s March 2018 point of view position publication provides an excellent digital asset accounting analysis.

 

U.S. GAAP is a rule-based accounting regime and while it is possible to fit digital assets into the existing accounting model for intangible assets, this model does not best reflect the economics of these unique assets. As such, the reported value of our digital assets on our balance sheet is significantly less than their fair market value (“FMV”) and cannot be increased under U.S. GAAP despite increasing digital asset prices.

 

Given the material discrepancy in value, we have disclosed, and will continue to disclose, the FMV of our digital assets in the MD&A section of our financial reports. Further, on August 28, 2018 in, a response to a SEC registration statement comment letter we urged the SEC to coordinate with the Financial Accounting Standards Board to further revise the accounting guidelines to provide for an updated accounting framework for digital assets.

BTCS initially went public in February 2014.

The Company’s common stock is quoted on the Nasdaq Capital Market and traded under the symbol “BTCS”.

You can purchase shares of BTCS through a registered broker-dealer.

BTCS year end is December 31st, with quarters ending on March 31st, June 30th, and September 30th.

Equity Stock Transfer LLC, 237 W 37th Street, Suite 602, New York, NY 10018

BTCS has engaged RBSM LLP as its independent registered accounting firm for its fiscal year ending December 31, 2021.

As of June 30, 2022, there were approximately 12.65 million shares of common stock issued and outstanding, 0.95 million warrants to purchase common stock with a weighted average exercise price of $14.85, and 3 million stock options and restricted stock units.  The foregoing description of our capitalization does not purport to be complete and is qualified in its entirety by reference to the complete text as set forth in our SEC filings.

BTCS is an early mover in the blockchain and digital asset 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 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 Digital Asset Dashboard, now in beta release. BTCS’ proprietary Digital Asset Platform currently supports six exchanges and over 800 digital assets, and the Company plans to further broaden its suite of performance-tracking tools, add additional centralized and decentralized exchanges, as well as wallets, and stake pool monitoring.

The Company has declared a one-time special dividend announced on January 5, 2022. Please refer to the “Dividend / Bividend Distribution FAQ” page for further details. The Company has never declared or paid any dividends on its capital stock.

 If you are interested in learning more about BTCS or have any questions, please contact Adele Carey, VP Investor Relations, via email [email protected] or call 202-987-8368.

You can sign up for email alerts by using the “Sign up for BTCS updates” form on the bottom of this page. Our SEC filings can also be accessed here.

We do not currently maintain any corporate office space.  Our staff works very effectively remotely, and we believe a distributed work force may allow us to attract better talent in the future as we grow our operations.

Sign up for BTCS updates


By submitting this form, you are consenting to receive marketing emails from: BTCS Inc., 9466 Georgia Avenue, Silver Spring, MD, 20910, https://www.btcs.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact