BTCS Inc. (Nasdaq: BTCS)

BTCS Reports Q3 2024 Results We are pleased to report another quarter of strong growth, highlighted by the continued expansion and success of our Builder+ operations. Builder+ has rapidly become a cornerstone of BTCS’s revenue generation strategy, driving a double digit quarter-over-quarter increases in revenue through efficient and scalable block-building activities within the Ethereum ecosystem. By leveraging advanced algorithms and optimizing block construction, Builder+ enables us to maximize gas fee revenue. We are confident that the innovative foundation we've laid through Builder+ positions BTCS at the forefront of Ethereum’s evolving landscape. In addition to our internal advancements, the broader regulatory and market landscape appears to have become more favorable for the blockchain industry. With the recent U.S. Presidential Election ushering in a more crypto-friendly administration, led by President Trump, we are optimistic about the potential for a supportive regulatory environment that fosters innovation and growth in blockchain technology. This positive shift aligns with our strategic goals and will likely open new opportunities for blockchain infrastructure expansion, both on Ethereum and beyond. Here's a look at our Third Quarter 2024 Financial Highlights ➡Quarterly Revenue: Revenue for Q3 2024 was $0.7 million, reflecting a strong 32% increase from Q2 2024 and a significant 134% rise from Q3 2023. ➡Year-to-Date Revenue: For the nine months ended September 30, 2024, revenue exceeded $1.7 million, a robust 73% increase compared to the same period in 2023. ➡Gross Margin: Gross margins for the nine months ended September 30, 2024, stood at 50%, down from 72% in the comparable 2023 period, primarily due to increased operational expenses related to our Builder+ operations that have driven revenue growth. ➡Quarterly Net Loss: Net loss for Q3 2024 was $9.0 million, or $0.56 per share, compared to a net loss of $3.3 million, or $0.23 per share, in Q3 2023, primarily driven by the decrease in the value of our cryptocurrency assets. ➡Year-to-Date Net Income/Loss: For the nine months ended September 30, 2024, BTCS reported a net loss of $3.5 million, or $0.22 per share, compared to net income of $0.5 million, or $0.04 per share, for the same period in 2023. ➡Cash & Cryptocurrency Holdings: BTCS held $26.0 million in cash and cryptocurrency assets as of September 30, 2024, representing a 51% year-over-year increase. As of November 12, 2024, our cash and crypto assets have increased by 27% to $33.0 million. To read the full Earnings Release, visit:  https://lnkd.in/gqGsBZiB

The SEC has finally ended its year-long investigation into BTCS — an investigation that was baseless from the beginning. For many months, their staff combed through our website, over and over again. What were they hoping to find? How much taxpayer money was wasted chasing nothing? The cost of defending against this has been unnecessary for BTCS. This wasn’t just a nuisance. It placed a serious burden on our leadership team, drained time and energy from our employees, and cost our shareholders value. With this behind us, we can fully focus on scaling BTCS and delivering value to our 30,000+ shareholders. We’re deeply appreciative of everyone who stood by us through this.

The SEC has formally ended its investigation into BTCS Inc., with no enforcement action recommended. This marks an important milestone for BTCS and the broader blockchain industry. This is a major validation of non-custodial staking, the ability to run validator node software, and the importance of common-sense crypto regulation. It reinforces our belief that decentralized infrastructure can—and should—thrive under clear and technically sound legal frameworks. We’re proud to close this chapter and move forward. As we continue to grow revenue, we remain committed to driving innovation across the blockchain ecosystem. Most importantly, we are dedicated to delivering long-term value to our 30,000+ shareholders who have stood with us. Learn more about this recent announcement: https://lnkd.in/e4BeNRH4

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BTCS Expands to Binance Chain with Acquisition of TxBoost We’re excited to announce the expansion of our Builder+ block-building operations to Binance Chain through the strategic acquisition of TxBoost. Builder+ played a major role in our 2024 performance—contributing approximately half of our $4m 2024 annual revenue. This expansion strengthens our EVM-focused strategy and positions us for continued growth. 🔗 Learn more: https://lnkd.in/ezy6BBmr Binance Binance.US

ChainQ just got a major upgrade — now with full Bitcoin integration. ChainQ is an AI-powered blockchain analytics platform that makes it easy to explore, analyze, and visualize blockchain data like never before. With this latest update, users can dive deep into Bitcoin's entire transaction history. What’s new: ✅ Complete historical Bitcoin blockchain from 2009 to now ⚡️ Lightning-fast AI-powered search & query execution 🧠 Natural language + SQL support for flexible analysis 📊 Intuitive visualizations that turn data into insight Start exploring Bitcoin on ChainQ today! https://www.chainq.com

ChainQ just got a major upgrade — now with full Bitcoin integration. ChainQ is an AI-powered blockchain analytics platform that makes it easy to explore, analyze, and visualize blockchain data like never before. With this latest update, users can dive deep into Bitcoin's entire transaction history. What’s new: ✅ Complete historical Bitcoin blockchain from 2009 to now ⚡️ Lightning-fast AI-powered search & query execution 🧠 Natural language + SQL support for flexible analysis 📊 Intuitive visualizations that turn data into insight Start exploring Bitcoin on ChainQ today! https://www.chainq.com

Check out our CEO, Charles Allen, in this recent interview with McNallie Money on Youtube. In this discussion, Charles talks about: ✅ 2024 Financial Results and Record Revenue Growth ✅ Changes in the Regulatory Landscape for Crypto ✅ The expansion of Builder+ to Binance Chain https://lnkd.in/eFdh7c6d

BTCS is thrilled to announce a partnership with Lehigh University Master in Financial Engineering program to support an exciting capstone research project! This initiative will focus on developing advanced optimization strategies for decentralized finance (DeFi) trading within automated market makers (AMMs) like Uniswap Labs and Sushi. Through this collaboration, we aim to empower the next generation of financial engineers by providing real-world experience working on impactful blockchain solutions. BTCS is proud to support academic innovation and help shape the future of finance and technology. Lehigh University Lehigh Business Specialty Masters Learn more: https://lnkd.in/ex8Ddsse

BTCS Expands to Binance Chain with Acquisition of TxBoost We’re excited to announce the expansion of our Builder+ block-building operations to Binance Chain through the strategic acquisition of TxBoost. Builder+ played a major role in our 2024 performance—contributing approximately half of our $4m 2024 annual revenue. This expansion strengthens our EVM-focused strategy and positions us for continued growth. 🔗 Learn more: https://lnkd.in/ezy6BBmr Binance Binance.US