Sector: Industrials | Industry: Business Support Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 9466 GEORGIA AVENUE #124 SILVER SPRING MD 20910 |
Tel: | N/A |
Website: | https://www.btcs.com/#merger-modal |
IR: | See website |
Key People | ||
Charles W. Allen Chairman of the Board, Chief Executive Officer | Michael Prevoznik Chief Financial Officer | Michal Handerhan Chief Operating Officer, Secretary, Director | Manish Paranjape Chief Technology Officer |
Business Overview |
BTCS Inc. is primarily engaged in operating in the blockchain technology sector with primary focus on proof-of-stake blockchain infrastructure. The Company secures and operates validator nodes on blockchain networks that power Web 3, earning native token rewards by staking its proof-of-stake (PoS) crypto assets, with an emphasis on Ethereum. Its StakeSeeker platform enables crypto holders with an analytics-focused cryptocurrency dashboard. It also offers a non-custodial Staking-as-a-Service solution, enabling users to earn staking rewards, while the Company earns a percentage of token holders rewards, creating the potential for scalable revenue with limited additional costs. It also operates Builder+, an Ethereum block builder. This technology leverages advanced algorithms to maximize profit through optimized block construction. Builder+ creates opportunities for new scalable revenue streams by being utilized by third-party nodes. |
Financial Overview |
For the fiscal year ended 31 December 2023, BTCS Inc revenues decreased 21% to $1.3M. Net income totaled $7.8M vs. loss of $15.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Compensation and related expenses decrease of 36% to $2.1M (expense), Marketing decrease of 85% to $12K (expense), General and administrative decrease of 3% to $1.9M (expense). |
Employees: | 5 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $23.86M as of Dec 31, 2023 |
Annual revenue (TTM): | $1.34M as of Dec 31, 2023 |
EBITDA (TTM): | -$3.71M as of Dec 31, 2023 |
Net annual income (TTM): | $7.82M as of Dec 31, 2023 |
Free cash flow (TTM): | -$5.37M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 15,691,209 as of Mar 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |