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

CEO Charles Allen joins the Water Tower Research Fireside Chat Series on Oct 9, 2025, at 1 PM ET with Dr. John Roy. Tune in to hear about: ✅ The latest in Ethereum ✅ Trends within Digital Asset Treasuries ✅ Updates from BTCS ✅ How BTCS is differentiating from the competition Register here: https://lnkd.in/eq6Q3zb5

BTCS CEO Charles Allen was recently featured at the Financial Services Conference hosted by OTC Markets. Listen to Charles discuss: ➡️ The different types of exposure to Ethereum in the public markets ➡️ How the DeFi / TradFi Flywheel allows BTCS to scale revenue growth ➡️ How BTCS differentiates itself from other Digital Asset Treasuries Watch the full interview here: https://lnkd.in/eaZCh7Jj

Thinking of attending the Blockchain Futurist Conference in Florida on November 5 and 6? Our CEO Charles Allen is speaking and if you'd like to see him, you can purchase tickets for 25% off here. Let us know in the comments if we'll see you there! https://lnkd.in/ewaziDFU

Thank you to Charles Allen, CEO of BTCS Inc. (Nasdaq: BTCS), for joining us at our recent Global Investment Conference, and sharing his experience. We're glad the event created space for such valuable conversations and networking opportunties. #HCWConference

1 Week Until ETH Bividend Opt-In Deadline The deadline to opt in for your $0.05 per share Bividend in ETH and $0.35 per share Loyalty Payment is one week away. Shareholders must complete the Opt-In Form and move shares to our Transfer Agent by Friday, September 26 (the record date) to be eligible. Complete your Bividend Opt-In Form at http://Bividend.com

Our partners at Aave Labs have been crucially important as we execute our DeFi/TradFi ETH accretion flywheel. Working with them, we're able to: ➡️ Access capital 24/7 ➡️ Earn APY on our ETH collateral ➡️ Achieve a lower average borrowing cost ➡️ Manage the process end-to-end Read more about our AAVE integration and how DeFi borrowing works here: https://aave.com/blog/btcs

Reminder: Bividend Opt-In Deadline The deadline to opt in for your $0.05 per share Bividend in ETH and $0.35 per share Loyalty Payment is quickly approaching. You must Opt-In by Friday, September 26 (the record date) to be eligible. Complete your Bividend Opt-In form at Bividend.com

Wondering if you are eligible for the 2025 Bividend? See the criteria below to learn how to qualify. Opt in at bividend.com to receive your ETH Bividend and Loyalty Payment.

BTCS Inc. and Equity Stock Transfer (EST) are excited to announce their collaborative effort to deliver a first-of-its-kind blockchain dividend, or “Bividend,” payable in ETH. In 2022, EST created the secure and compliant framework that enabled $BTCS to issue the first-ever Bitcoin Bividend as a Nasdaq-listed company. Today, that same framework is powering the first Ethereum-based Bividend and loyalty payment. Together, BTCS and EST are demonstrating how blockchain and traditional finance can converge to deliver shareholder value in innovative and bold new ways. Learn how to get your Bividend at bividend.com