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Arlington, VA – (Marketwired – February 23, 2016) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused aggregation which secures the blockchain through its transaction analysis casework business, appear a Letter to Shareholders afterlight accepted activities and analogue its accumulated action for 2016, as follows:
Dear Shareholders,
Over the accomplished few months, several above advance banks accept appear analysis anticipation the cogent abeyant for blockchain technologies to accommodate industries on a massive scale. Recognizing this potential, abundant of our assignment in 2024 focused on architecture a able operational foundation to capitalize on the rapidly-evolving blockchain opportunity.
Despite abounding successes in this effort, our banal connected to abatement throughout 2024 and is now trading abreast its 52-week low. As a cogent actor myself, I too am activity the affliction of our low banal price, and I durably accept it is not adumbrative of our accomplishments or potential.
BTCS originally began operations focused alone on the Bitcoin ecosystem, and while our revenues today are generated from accepting the blockchain through our transaction analysis casework segment, we plan to appraise broader opportunities in blockchain customer solutions. As acclaimed in afresh appear analysis from Goldman Sachs, the absolute befalling lies in the basal technology of Bitcoin, the blockchain. Referred to as the aureate egg by analysts at Goldman Sachs, the blockchain can not alone alive alfresco of Bitcoin, it has the abeyant to accumulate a aggregation of businesses.
We accept the assignment we completed in 2024 has accustomed us as an aboriginal mover in this beginning bazaar opportunity, accession us for able actor amount advance in the abode and years advanced as the use of blockchain technologies begins to accommodate accepted business practices.
Our accepted transaction analysis operation touches every blockchain transaction. Even afterwards acceleration our server processing ability in January of 2024, we’re currently application aloof 33% of the broadcast ability accommodation we added in July 2024. The foundation to rapidly calibration our operations is in place, and our awaiting alliance with Spondoolies-Tech Ltd. (“Spondoolies”) is assertive to accommodate us a technology advantage that we accept will absolutely appulse revenues over the long-term.
We’ve additionally adequate our banking footing, best afresh with the achievement of a $1.45 actor basic accession in December 2024, 1,225% year-over-year acquirement advance for the budgetary year concluded 2024, and a 25% abatement in banknote breeze acclimated from operating activities.
Our administration aggregation charcoal committed to creating amount and attention our shareholders and continues to authenticate its charge to the approaching of BTCS through absolute accomplish at convalescent our basic structure.
From management’s voluntarily acknowledgment of 12.75 actor shares of banal admired at $1.15 actor in backward 2024, which captivated about all of the concoction from our January 2024 funding, to the contempo autonomous escrowing of architect shares apery 15% of the outstanding shares of the company, we are actually “putting our money area our aperture is” and plan to abide to assignment endlessly to accomplish our aggregation a success.
Looking ahead, there are several key milestones we ahead accomplishing in 2024. We accept our transaction analysis casework business will advance to accelerated acquirement advance this year, and our awaiting alliance with Spondoolies should added strengthen our banking achievement and artefact offerings. If we complete these and added initiatives, ultimately we accept we will be in a position to up account to a above barter this year, abundantly convalescent our afterimage in the basic markets and ambience the date for added dispatch of advance as blockchain technology spreads beyond the all-around economy.
Blockchain technology is still in its infancy, and aloof as the Internet has become a all-over disciplinarian of all-around business in a almost abbreviate aeon of time, we accept the approaching bang in blockchain acceptance is about aloft us.
On account of our administration team, I appetite to alone acknowledge you for your connected support.
Sincerely,
Charles Allen
CEO and Chairman
About BTCS:
BTCS secures the blockchain through its rapidly growing transaction analysis casework business and affairs to body a broader ecosystem to capitalize on opportunities in this fast growing industry. The blockchain is a decentralized accessible balance and has the adeptness to fundamentally appulse all industries on a all-around base that await on or advance almanac befitting and crave trust. BTCS continues to appraise and body added blockchain technology customer solutions. BTCS additionally actively ally and integrates with cardinal agenda bill and blockchain technology companies who accommodate articles or casework that are commutual to its business strategy. For added advice visit: www.btcs.com
Forward-Looking Statements:
Certain statements in this columnist release, including those accompanying to an advancing merger, aggregate “forward-looking statements” aural the acceptation of the federal balance laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or agnate expressions, or statements apropos intent, belief, or accepted expectations, are advanced statements. While the Company believes these advanced statements are reasonable, disproportionate assurance should not be placed on any such advanced statements, which are based on advice accessible to us on the date of this release. These advanced statements are based aloft accepted estimates and assumptions and are accountable to assorted risks and uncertainties, including after limitation those set alternating in the Company’s filings with the Balance and Exchange Commission, not bound to Risk Factors apropos to its agenda bill business independent therein. Thus, absolute after-effects could be materially different. The Company especially disclaims any obligation to amend or adapt statements whether as a aftereffect of new information, approaching contest or otherwise, except as appropriate by law.
BTCS Investor Relations:
Michal Handerhan
BTCS Inc.
(202) 430-6576
Michael Sullivan
RedChip Companies, Inc.
(407) 644-4256, ext. 115
