Business Focus: Transaction & Payment Services

Sector:  Industrials Industry:  Business Support Services
See Regulatory Filings on SEC
Company Contact
Address: 9466 Georgia Ave # 124
Tel: N/A
IR: See website
Key People
Michal Handerhan
Chief Operating Officer, Secretary, Director
Charles W. Allen
Chairman of the Board, Chief Executive Officer, Chief Financial Officer
Business Overview
BTCS Inc., formerly Bitcoin Shop, Inc., is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using digital currencies, including bitcoin and with operations in the blockchain and digital currency ecosystems. The Company operates a beta e-commerce marketplace, which accepts a range of digital currencies, have designed a beta secure digital currency storage solution BTCS Wallet. The Company's transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers. The ASIC servers solve a set of prescribed mathematical calculations in order to add a block to the blockchain and thereby confirm bitcoin transactions. The Company's beta e-commerce marketplace offers approximately 250,000 curated products and utilizes its Intelligent Shopping Engine to find competitive prices on products from over 250 retailers.
Financial Overview
For the fiscal year ended 31 December 2018, BTCS Inc revenues decreased from $4K to $0K. Net loss applicable to common stockholders decreased 98% to $832K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects General and administrative decrease of 37% to $987K (expense), Marketing decrease of 61% to $4K (expense).
Employees: 4 as of Dec 31, 2013
Reporting Currency: U.S. Dollars
Enterprise value: $7.00M as of Dec 31, 2018
Annual revenue (TTM): $0.00M as of Dec 31, 2018
EBITDA (TTM): -$0.99M as of Dec 31, 2018
Net annual income (TTM): -$0.83M as of Dec 31, 2018
Free cash flow (TTM): -$0.51M as of Dec 31, 2018
Net Debt Last Fiscal Year: $0.15M as of Dec 31, 2018
Shares outstanding: 387,281,530 as of Jan 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization