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

BTCS Releases Ethereum Blockchain Investor & Analyst Primer BTCS has published a new Primer designed for investors, analysts, and stakeholders — offering a clear understanding of Ethereum’s value proposition, its Proof-of-Stake consensus mechanism, and the Maximal Extractable Value (MEV) market. Gain insight into how Ethereum powers the decentralized economy — and how BTCS is positioned within it. Download the Primer here: https://lnkd.in/edV6VFaE

We’re excited to share an exclusive interview with Charles Allen, CEO of BTCS, now live on YouTube. In this interview, Charles shares his take on: ✅ The history and evolution of BTCS ✅ The SEC’s regulatory overreach ✅ Key developments and latest initiatives at BTCS Watch the full interview now 👇 🔗 https://lnkd.in/eF3YsFG2

BTCS Reports Record 2024 Earnings – 204% Revenue Growth. BTCS Inc. (Nasdaq: BTCS) has officially reported full-year 2024 financial results, showcasing a 204% YoY revenue increase, driven by the success of our Ethereum block-building operations. Key 2024 Financial Highlights: 📈 Revenue: $4.1M (+204% YoY) 🔥 Q4 Revenue: $2.3M (+612% YoY, +214% QoQ) 💰 Cash & Crypto Holdings: $38.1M (+43% YoY) As the leading publicly traded Ethereum infrastructure company, we’ve continued to expand Builder+, capturing 1%+ of all Ethereum transactions processed over the last 30 days, with peak daily market share surpassing 1.5%. 💡 What’s Driving Our Growth? 🔹 Technology Enhancements – Transition to Rust, adoption of bare-metal servers, and implementation of a data lake to optimize performance. 🔹 Strategic Expansion – Partnership & investment in ETHGas, launch of Staking Protection Plan (SPP) with WonderFi & Figment, and scaled validator operations with Rocket Pool. 🔹 Market Optimization – Introduction of rebates and new private order flow sources, enhancing Builder+ efficiency. 💡 Industry & Market Outlook 🔹 Regulatory Tailwinds: The new pro-crypto administration has ushered in the most constructive regulatory environment in a decade, with major SEC case dismissals fueling confidence. 🔹 Ethereum’s Pectra Upgrade (2025): A game-changer for Ethereum—enhancing speed, reducing costs, and improving staking efficiency. 🔹 Institutional Adoption: Ethereum ETFs are here, driving long-term capital inflows and reinforcing Ethereum as the foundation of the digital economy. 🔗 Read the full release here: https://lnkd.in/es6ChWWf

We’re excited to announce our partnership with Wharton’s Mack Institute for Innovation Management to launch a research initiative on Ethereum’s resilience and scalability. This initiative, conducted through Wharton’s Mack Institute for Innovation Management, aims to explore the world’s largest smart contract platform. As institutional adoption accelerates, understanding Ethereum’s infrastructure is critical to supporting the future of decentralized finance and blockchain innovation. With institutional players like BlackRock and Tether deepening their engagement in blockchain, understanding Ethereum’s infrastructure has never been more important. Through Wharton’s Collaborative Innovation Program, graduate students will dive deep into real-world blockchain challenges, helping to shape the future of institutional adoption and the crypto industry as a whole! 🔍 What will this collaboration entail? ✅ A research-backed approach to Ethereum infrastructure ✅ Collaboration with top-tier business school students ✅ A whitepaper with actionable insights coming later this year 🔗 Learn more about this partnership here: https://lnkd.in/eaG8_wMG

🚀 Crypto Update 🚀 We’re pleased to share that as of December 31, 2024, our crypto asset holdings totaled $36 million. This reflects our ongoing commitment to blockchain infrastructure, staking operations, and securing proof-of-stake networks. Of course, crypto prices have fluctuated since then, but we report based on quarter-end values. We look forward to filing our annual report in the coming weeks and providing deeper insights into our financial performance and strategic direction. Stay tuned for updates, and thank you for your continued support! 🔗 Learn more: www.btcs.com

BTCS is excited to announce a partnership with ETHGas! As a Priority Builder, we’re unlocking ultra-low-latency scaling on Ethereum, expanding both our market share and the overall market size. To fuel this innovation, BTCS has invested $250K in ETHGas , reinforcing our commitment to blockchain scalability and revenue growth. The future of Ethereum is here, and we’re helping build it! Read more about this strategic investment: https://lnkd.in/gsQYrNnT

Staking and high-value transactions require reliability: introducing the Staker Protection Plan. In collaboration with BTCS Inc. (Nasdaq: BTCS) and WonderFi, this initiative addresses transaction inclusion and state preservation, providing stakers greater confidence in operations—particularly in cross-chain and high-value transactions where precision matters most. More predictable execution, improved staking performance, and a step toward a stronger, more reliable ecosystem underscores Figment's vision of staking powering the on-chain future by addressing critical challenges in broader adoption. Learn more about Figment's involvement below ⬇️ https://lnkd.in/etEmUkUX

Here's what our CEO, Charles Allen, has to say about our recent partnership with Figment and WonderFi 👇 https://lnkd.in/ePGcqMDm