BTCS Inc.
- Open
- 1.10
- Day high
- 1.15
- Day low
- 1.10
- Prev close
- 1.11
- Volume
- 179K
- Mkt cap
- $56M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 3.3
- Yield
- 4.42%
- Per share
- $0.05
- ▼Insiders net selling -$812K over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
BTCS Inc. (BTCS) is a Financial Services company listed on NASDAQ. The stock is down 52% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
BTCS Inc. (BTCS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BTCS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 15, 2026 | — | $-0.08 | — | $2M | -52.3% |
| Mar 27, 2026 | $0.01 | $-0.05 | -600.0% | $7M | +57.6% |
| Nov 13, 2025 | $-0.02 | $-0.15 | -650.0% | $5M | +64.6% |
| Aug 13, 2025 | $-0.07 | $-0.10 | -42.9% | $3M | +63.1% |
| May 15, 2025 | — | $-0.14 | — | $2M | — |
| Mar 20, 2025 | $-0.05 | $-0.34 | -580.0% | $2M | +5.5% |
| Aug 19, 2024 | $-0.00 | $-0.04 | -975.3% | $561192 | -6.5% |
| Mar 21, 2024 | $-0.09 | $-0.09 | +0.0% | $326125 | +0.0% |
| Nov 9, 2023 | $-0.08 | $-0.04 | +50.0% | $316242 | -20.9% |
| Aug 14, 2023 | $-0.06 | $-0.07 | -16.7% | $385753 | -3.6% |
| May 15, 2023 | $-0.06 | $-0.10 | -66.7% | $311508 | -22.1% |
| Mar 31, 2023 | $-0.01 | $-0.03 | -175.0% | $270894 | -32.3% |
BTCS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Allen Charles Wdirector, 10 percent owner, officer: CEO | Sell | 168,000 | $1.22 |
| Jun 16, 2026 | Allen Charles Wdirector, 10 percent owner, officer: CEO | Sell | 87,000 | $1.15 |
| Jun 12, 2026 | Hunter Benjamin Henryofficer: CTO | Sell | 10,000 | $1.21 |
| Jun 11, 2026 | Allen Charles Wdirector, officer: CEO | Sell | 150,000 | $1.19 |
| Jun 11, 2026 | Allen Charles Wdirector, officer: CEO | Sell | 165,000 | $1.11 |
| Jun 11, 2026 | Allen Charles Wdirector, officer: CEO | Sell | 105,000 | $1.27 |
| Jan 7, 2026 | Hunter Benjamin Henryofficer: CTO | Grant | 54,377 | — |
| Jan 7, 2026 | Hunter Benjamin Henryofficer: CTO | Grant | 1,049,243 | — |
| Jan 7, 2026 | Hunter Benjamin Henryofficer: CTO | Tax | 11,962 | — |
| Jan 7, 2026 | Hunter Benjamin Henryofficer: CTO | Grant | 97,879 | $2.64 |
| Jan 5, 2026 | DeSimone Ashleydirector | Grant | 4,735 | — |
| Jan 5, 2026 | Lee Charles Benjamindirector | Grant | 4,735 | — |
| Jan 5, 2026 | Allen Charles Wdirector, officer: CEO | Grant | 2,696,970 | — |
| Jan 5, 2026 | Allen Charles Wdirector, officer: CEO | Grant | 199,432 | — |
| Jan 5, 2026 | Allen Charles Wdirector, officer: CEO | Tax | 43,875 | — |
Source: BTCS SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full BTCS insider & 13F page →BTCS Inc. company profile
Overview
BTCS Inc. (OTC:BTCS) is a blockchain technology company founded in 2013 and headquartered in Silver Spring, Maryland. Originally established as Bitcoin Shop, Inc., the company rebranded to BTCS Inc. in July 2015 to better reflect its evolving focus on digital assets and blockchain infrastructure. The company went public in November 2010 and has since transformed from its early e-commerce roots into a specialized blockchain validator and digital asset platform provider, positioning itself at the intersection of traditional finance and emerging cryptocurrency technologies.
Business
BTCS operates in the rapidly evolving blockchain and cryptocurrency infrastructure sector, providing two primary services that capitalize on the growing adoption of digital assets and decentralized networks. The company's core business revolves around blockchain validation services, where BTCS operates validator nodes on various proof-of-stake blockchain networks. In proof-of-stake systems, validators are responsible for verifying transactions and maintaining network security by "staking" their cryptocurrency holdings as collateral. Validators earn rewards for their participation, similar to how miners earn rewards in proof-of-work systems like Bitcoin, but with significantly lower energy consumption. BTCS essentially acts as a professional validator service provider, securing multiple blockchain networks while generating revenue from staking rewards. The second major component of BTCS's business is its proprietary Digital Asset Platform, which serves as a portfolio management and analytics tool for cryptocurrency investors. This platform allows users to aggregate and evaluate their cryptocurrency holdings across multiple exchanges and blockchain networks in a single interface. Given the fragmented nature of the cryptocurrency ecosystem, where users often hold assets across numerous exchanges and wallets, this consolidation service addresses a significant pain point for active crypto investors and traders. While specific revenue breakdowns between these two business segments are not consistently disclosed in the financial statements, the validation services appear to generate the majority of the company's recurring revenue, with the digital asset platform representing a growing but smaller portion of total revenues.
Revenue model
BTCS generates revenue through two distinct but complementary business models tied to the cryptocurrency and blockchain ecosystem. The primary revenue stream comes from blockchain validation rewards, where the company earns cryptocurrency tokens by operating validator nodes on proof-of-stake networks. These rewards are typically paid in the native tokens of each blockchain network and can fluctuate significantly based on network activity, staking participation rates, and token prices. The company must maintain technical infrastructure, including servers and network connectivity, while also staking its own cryptocurrency holdings or those of clients to participate in validation. The secondary revenue source is the Digital Asset Platform, which likely operates on a subscription or usage-based model, though specific pricing details are not disclosed in the available financial information. This platform generates revenue by providing portfolio management and analytics services to cryptocurrency investors who need to track holdings across multiple exchanges and blockchain networks. Several factors significantly impact BTCS's profitability and margins. Cryptocurrency price volatility directly affects both the value of staking rewards and the company's digital asset holdings, creating substantial revenue fluctuations. Network participation rates on various blockchain networks influence reward distribution, as higher validator participation typically reduces individual rewards. Regulatory developments in cryptocurrency markets can impact both customer demand and operational requirements. Competition from larger financial institutions entering the staking space could pressure margins, while technological infrastructure costs and the need for continuous system upgrades represent ongoing operational expenses that can impact profitability.
Competitive moat
BTCS operates in a highly competitive and rapidly evolving space with limited sustainable competitive advantages. The company's primary moat appears to be its early-mover advantage in blockchain validation services and the technical expertise required to operate validator nodes across multiple networks reliably. However, this moat is relatively narrow and faces significant challenges. The blockchain validation business has low barriers to entry for well-capitalized competitors, and major financial institutions, cryptocurrency exchanges, and cloud service providers are increasingly offering similar services with greater resources and established customer relationships. Companies like Coinbase, Kraken, and traditional financial services firms have launched competing staking services with more robust infrastructure and regulatory compliance capabilities. The Digital Asset Platform faces intense competition from established portfolio tracking services like CoinTracker, Blockfolio (now FTX), and emerging fintech solutions. These competitors often have superior user interfaces, broader exchange integrations, and more comprehensive feature sets. BTCS's small scale relative to competitors limits its ability to achieve meaningful economies of scale or negotiate favorable terms with blockchain networks. The company's technical expertise and multi-network approach provides some differentiation, but this advantage is easily replicable by better-funded competitors. Additionally, the regulatory uncertainty surrounding cryptocurrency services could disproportionately impact smaller players like BTCS, who may lack the resources to navigate complex compliance requirements as effectively as larger, more established firms.
Risks & safety
BTCS presents a mixed margin of safety profile with both concerning and positive elements: **Cash Position and Liquidity:** - Current cash and short-term investments of $270,000 as of Q1 2025, down from $2.0 million in Q4 2024 - Strong current ratio of 43.4, indicating excellent short-term liquidity coverage - Zero debt, eliminating solvency risk from leverage - Negative free cash flow of $1.9 million in Q1 2025, indicating ongoing cash burn **Valuation Metrics:** - Trading at 1.5x book value, suggesting modest premium to net assets - Negative P/E ratio due to recent losses, making traditional valuation difficult - EV/EBITDA of -5.3x reflects negative EBITDA generation **Other Considerations:** - Highly volatile earnings and revenue due to cryptocurrency price sensitivity - Small market capitalization increases vulnerability to market manipulation - Regulatory uncertainty in cryptocurrency sector poses ongoing risks
Recent development
Based on the available financial data, BTCS has undergone significant operational changes over the past few years, though specific strategic details are limited due to the absence of earnings call transcripts. The company has experienced substantial revenue growth, with annual revenue increasing from $1.3 million in 2023 to $4.1 million in 2024, representing a more than three-fold increase that likely reflects expanded blockchain validation activities and potentially increased cryptocurrency prices boosting staking rewards. The company's financial performance has been highly volatile, characteristic of cryptocurrency-related businesses. After posting a significant net loss of $15.9 million in 2022, BTCS achieved profitability in 2023 with net income of $7.8 million, only to return to losses in 2024 with a net loss of $1.3 million. This pattern suggests the company's results are heavily influenced by cryptocurrency market cycles and the fair value adjustments of digital asset holdings. The company has maintained a debt-free balance sheet throughout this period while building its asset base, with total assets growing from approximately $10 million in 2022 to over $38 million by the end of 2024. This growth appears to be driven primarily by the accumulation of digital assets, likely including both cryptocurrency holdings and staking rewards earned through validation activities. The significant asset growth combined with maintained liquidity suggests BTCS has been successful in expanding its blockchain validation operations and potentially benefiting from favorable cryptocurrency market conditions during certain periods.
BTCS company profile · for informational purposes only — not investment advice.
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