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Up 8% premarket. The plan is working!
GLTA
That was already released a week ago anyway.
BTCS First-ever Nasdaq-listed Company to Offer a Dividend Payable in Bitcoin
Source: GlobeNewswire Inc.
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, has announced the first-ever dividend payable in Bitcoin by a Nasdaq-listed company, which the Company refers to as a Bividend. The Company also published a new investor presentation on its website (www.btcs.com) to provide more insight regarding recent successes and future growth plans, as well as the underlying market dynamics expected to drive BTCS’ growth in 2022.
Paramount to the ethos of BTCS are cryptocurrency adoption and financial freedom. Since 2014, BTCS has committed to developing the infrastructure supporting blockchain technology. Continuing this journey, BTCS is now opening the next chapter of delivering on our mission to further promote the adoption of crypto and blockchain technology.
What is a Bividend?
A Bividend is a dividend payable to our shareholders of record at their election in Bitcoin or cash.
How much is the Bividend?
BTCS intends to pay $0.05 per share in Bitcoin, based on the Bitcoin price on the ex-dividend date. Investors who do not elect to receive the Bividend in Bitcoin will receive a cash dividend of $0.05.
Why Offer a Bividend?
“We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets,” stated Charles Allen, Chief Executive Officer of BTCS. “In the crypto space BTCS has a long history of firsts, including being the first pure-play U.S. public company focused on cryptocurrencies and blockchains, the first U.S. public company to mine Bitcoin, the first U.S. public company to implement a digital asset treasury strategy, and the first U.S. public company to secure next-generation proof-of-stake blockchains.”
Allen continued, “Now, we are the first Nasdaq-listed company to pay a Bividend, a dividend payable in Bitcoin at the option of our shareholders. This is a moment we have long anticipated since the Company purchased the domain, bividend.com, in February 2015. BTCS is now in the financial position required to execute on the Company’s vision.” With BTCS’ year-end 2021 stock price of $3.14 per share representing a 12.6% discount to the Company’s digital asset holdings and cash position of $3.56 per share, or $37.8 million, this is an ideal time to reward our shareholders with a non-taxable return-of-capital Bividend.
“As we build an ownership base of long-term, fundamental shareholders, the payment of this special Bividend is an important step in showcasing the disruptive nature of blockchain technology” continued Allen.
How do you participate in the Bividend?
The steps required to become a record holder on the books and records of our transfer agent, Equity Stock Transfer, and opt-in to the Bividend are outlined on bividend.com and disclosed on a Form 8-K filed with the Securities and Exchange Commission on January 5, 2022. Any shareholders of record who do not opt-in to receive their Bividend will instead receive an equivalent cash dividend. The Company is working with Equity Stock Transfer, LLC, a New York City based SEC registered transfer agent, to coordinate the logistics and processing of the Bividend.
When will it be Paid?
We have set a record date of March 17, 2022 to leave ample time for our shareholders to complete the opt-in process by the March 16, 2022 Ex-Dividend date opt-in deadline. The Bividend and cash equivalent dividend for those not electing to receive a Bividend will be paid as soon practical after the record date.
Will Future Bividend Payments Occur?
BTCS is very much in the growth phase. That said, the Company is evaluating the appropriateness of future Bividends.
Meanwhile, despite a recent pull-back in line with the broader cryptocurrency market, BTCS’ stock price and market capitalization since 2019 have appreciated significantly as the value of the Company’s digital assets and cash has rapidly increased, as shown in the charts below.
About BTCS:
BTCS is an early mover in the blockchain and digital currency ecosystem, and the first “Pure Play” U.S. publicly traded company focused on blockchain infrastructure and technology. Through its blockchain infrastructure operations, the Company secures Proof-of-Stake blockchains by actively processing and validating blockchain transactions and is rewarded with native digital tokens. The Company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform, which it plans to integrate with its Data Analytics Dashboard, now in beta release. BTCS’ proprietary digital asset data analytics platform currently supports six exchanges and over 800 digital assets, and the Company plans to further broaden its suite of performance-tracking tools, add additional centralized and decentralized exchanges, as well as wallets, and stake pool monitoring. The Company’s digital asset treasury strategy, with a primary focus on disruptive non-security protocol layer assets, is a core component of its business model and supports BTCS’ expanding operations. For more information visit: www.btcs.com.
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
Public Relations:
Mercy Chikowore
m.chikowore@btcs.com
About Equity Stock Transfer:
Equity Stock Transfer is a New York City based SEC-registered and bonded full-service transfer agent and registrar formed by securities law professionals for publicly traded and private companies. EST provides a full suite of cap table tools and offers proxy management, virtual shareholder meetings and online voting as well as various share depository and paying agent services for domestic and international clients. For over 10 years EST has provided unparalleled personal attention and technology for intelligent automation and customer service. For additional information, please contact info@equitystock.com.
Forward-Looking Statements:
Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws including statements regarding our plans to be the first Nasdaq company to issue a dividend in Bitcoin and our intentions regarding the Bividend. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation , regulatory and other unanticipated issues which prohibit us from issuing the Bividend to our shareholders, a significant decrease in the value in the crypto that we currently own, another Nasdaq issuer providing for a dividend of Bitcoin prior to our expected payment date, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2020 and the Prospectus Supplement dated September 14, 2021. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Attachments
BTCS Inc
What is happening here.???
What does this have to do with BTCS ?
Sorry .
Miami jury rules in favor of Craig Wright, who claimed to invent bitcoin
https://www.cnbc.com/2021/12/06/miami-jury-rules-in-favor-of-craig-wright-bitcoin-claimed-inventor.html
It‘s coming again today slowly but sure !
BTCS $$$
WOOHOOOOOO WOOHOOOOOO BTCS$$$$$$$$$$
BTCS First-ever Nasdaq-listed Company to Offer a Dividend Payable in Bitcoin
Source: GlobeNewswire Inc.
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, has announced the first-ever dividend payable in Bitcoin by a Nasdaq-listed company, which the Company refers to as a Bividend. The Company also published a new investor presentation on its website (www.btcs.com) to provide more insight regarding recent successes and future growth plans, as well as the underlying market dynamics expected to drive BTCS’ growth in 2022.
Paramount to the ethos of BTCS are cryptocurrency adoption and financial freedom. Since 2014, BTCS has committed to developing the infrastructure supporting blockchain technology. Continuing this journey, BTCS is now opening the next chapter of delivering on our mission to further promote the adoption of crypto and blockchain technology.
What is a Bividend?
A Bividend is a dividend payable to our shareholders of record at their election in Bitcoin or cash.
How much is the Bividend?
BTCS intends to pay $0.05 per share in Bitcoin, based on the Bitcoin price on the ex-dividend date. Investors who do not elect to receive the Bividend in Bitcoin will receive a cash dividend of $0.05.
Why Offer a Bividend?
“We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets,” stated Charles Allen, Chief Executive Officer of BTCS. “In the crypto space BTCS has a long history of firsts, including being the first pure-play U.S. public company focused on cryptocurrencies and blockchains, the first U.S. public company to mine Bitcoin, the first U.S. public company to implement a digital asset treasury strategy, and the first U.S. public company to secure next-generation proof-of-stake blockchains.”
Allen continued, “Now, we are the first Nasdaq-listed company to pay a Bividend, a dividend payable in Bitcoin at the option of our shareholders. This is a moment we have long anticipated since the Company purchased the domain, bividend.com, in February 2015. BTCS is now in the financial position required to execute on the Company’s vision.” With BTCS’ year-end 2021 stock price of $3.14 per share representing a 12.6% discount to the Company’s digital asset holdings and cash position of $3.56 per share, or $37.8 million, this is an ideal time to reward our shareholders with a non-taxable return-of-capital Bividend.
“As we build an ownership base of long-term, fundamental shareholders, the payment of this special Bividend is an important step in showcasing the disruptive nature of blockchain technology” continued Allen.
How do you participate in the Bividend?
The steps required to become a record holder on the books and records of our transfer agent, Equity Stock Transfer, and opt-in to the Bividend are outlined on bividend.com and disclosed on a Form 8-K filed with the Securities and Exchange Commission on January 5, 2022. Any shareholders of record who do not opt-in to receive their Bividend will instead receive an equivalent cash dividend. The Company is working with Equity Stock Transfer, LLC, a New York City based SEC registered transfer agent, to coordinate the logistics and processing of the Bividend.
When will it be Paid?
We have set a record date of March 17, 2022 to leave ample time for our shareholders to complete the opt-in process by the March 16, 2022 Ex-Dividend date opt-in deadline. The Bividend and cash equivalent dividend for those not electing to receive a Bividend will be paid as soon practical after the record date.
Will Future Bividend Payments Occur?
BTCS is very much in the growth phase. That said, the Company is evaluating the appropriateness of future Bividends.
Meanwhile, despite a recent pull-back in line with the broader cryptocurrency market, BTCS’ stock price and market capitalization since 2019 have appreciated significantly as the value of the Company’s digital assets and cash has rapidly increased, as shown in the charts below.
About BTCS:
BTCS is an early mover in the blockchain and digital currency ecosystem, and the first “Pure Play” U.S. publicly traded company focused on blockchain infrastructure and technology. Through its blockchain infrastructure operations, the Company secures Proof-of-Stake blockchains by actively processing and validating blockchain transactions and is rewarded with native digital tokens. The Company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform, which it plans to integrate with its Data Analytics Dashboard, now in beta release. BTCS’ proprietary digital asset data analytics platform currently supports six exchanges and over 800 digital assets, and the Company plans to further broaden its suite of performance-tracking tools, add additional centralized and decentralized exchanges, as well as wallets, and stake pool monitoring. The Company’s digital asset treasury strategy, with a primary focus on disruptive non-security protocol layer assets, is a core component of its business model and supports BTCS’ expanding operations. For more information visit: www.btcs.com.
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
Public Relations:
Mercy Chikowore
m.chikowore@btcs.com
About Equity Stock Transfer:
Equity Stock Transfer is a New York City based SEC-registered and bonded full-service transfer agent and registrar formed by securities law professionals for publicly traded and private companies. EST provides a full suite of cap table tools and offers proxy management, virtual shareholder meetings and online voting as well as various share depository and paying agent services for domestic and international clients. For over 10 years EST has provided unparalleled personal attention and technology for intelligent automation and customer service. For additional information, please contact info@equitystock.com.
Forward-Looking Statements:
Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws including statements regarding our plans to be the first Nasdaq company to issue a dividend in Bitcoin and our intentions regarding the Bividend. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation , regulatory and other unanticipated issues which prohibit us from issuing the Bividend to our shareholders, a significant decrease in the value in the crypto that we currently own, another Nasdaq issuer providing for a dividend of Bitcoin prior to our expected payment date, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2020 and the Prospectus Supplement dated September 14, 2021. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Attachments
BTCS Inc
BTCS Inc
Wow! Any investor keen on blockchain and Bitcoin has to love this stock! It’s the future, can’t you see?
Spoke too soon! LOVE that strategy!
GLTA
Damn strategy is killing me! Every other time it has bounced back in huge volatility
WTF!
Well so far. Strategy not working
Unfortunately Needs PPS increase to be effective. LOL!
Well Boyz. Finally did what I suggested
Bought at $6.46 and placed a sell at $8.
Let’s see what happens
GLTA
BTCS...$8.35...in the P/M...:partying_face:
I said it and I didn’t do it. :(
GLTA
Perfect day trading candidate with this volatility
GLTA
BTCS...$6.98...https://www.otcmarkets.com/filing/html?id=15243644&guid=D5wwkaJGstTuoth Item 1.02 Termination of a Material Definitive Agreement...:partying_face:
The disclosure contained in Item 2.03 is incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On September 24, 2021, BTCS Inc. (the “Company”) re-paid the principal and accrued interest on that certain $1,000,000 convertible promissory note originally issued December 16, 2020 and due October 16, 2021 held by Cavalry Fund I LP.
This took off like a rocket!!
A rocket that flipped upside down in mid air and blasted itself into the earth.
I think they did the calculations in feet and programmed the rocket in meters.
Phase 1: COLLECT UNDERPANTS
Phase 2: (????) <--- We are here.
Phase 3: PROFIT!!!
I guess I'll start adding around about five bucks
this is on big boards now? oh brother, charles is worst than INTV’s Scott.
BTCS Chief Executive Officer Charles Allen provides in-depth analysis on the crypto markets (9/17/21).
at 20:28 mark.
https://www.coindesk.com/tv/
Well I am pleasantly surprised. I figured the RS would be as pointless as the RS of the past.
BTCS to Commence Trading on NasdaqPress Release | 09/13/2021
Silver Spring, MD, Sept. 13, 2021 (GLOBE NEWSWIRE) -- BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company, today announced that The Nasdaq Stock Market LLC has approved the listing of the Company’ common stock on The Nasdaq Capital Market (“Nasdaq”). The Company’s common stock will begin trading on Nasdaq under trading symbol “BTCS” at the open of the market on Tuesday, September 14, 2021.
“Today is a significant milestone in the history and evolution of BTCS,” stated Charles Allen, CEO of BTCS. “We were one of the earliest movers in the blockchain and digital currency ecosystems and the first “Pure Play” U.S. public company focused on digital assets and blockchain technologies. Through our vast experience participating across the blockchain ecosystem since its earliest days, we believe we have refined our strategy to create significant growth in shareholder value. Now with a Nasdaq listing imminent, we are positioned to accelerate the execution of our strategy as we focus on expanding and growing our operations in the burgeoning blockchain space.”
BTCS joins Nasdaq at a time when the digital asset market has reclaimed a total market capitalization of greater than $2 trillion. The Company generated $453 thousand in revenue for the first six months of 2021 and through timely purchases of Bitcoin, Ethereum, and other cryptocurrencies, BTCS has substantially grown its digital assets over the last year. As of June 30, 2021, the FMV of the Company's digital asset holdings increased 2,013% YoY to $21.5 million. As of September 10, 2021, the Company's digital asset holdings had a FMV of approximately $33 million.
BTCS’s listing on Nasdaq comes after several recently announced milestones for the Company, including:
Rapid Expansion of Blockchain Infrastructure Operations – launched proof-of-stake (“PoS”) pools on Ethereum 2.0, Cardano, and Tezos; PoS consensus algorithms are environmentally-friendly alternatives to Proof-of-Work (“PoW”) consensus mechanisms; BTCS’s PoS operations represents a high profit margin component of the Company’s business model. BTCS plans to expand this part of the business by identifying and securing additional disruptive blockchain protocols, along with continuing development of its Staking-as-a-Service (“SaaS”) product offering.
Expanded Board of Directors and Strengthened Management Team - Litecoin founder, Charlie Lee, and attorney and internationally recognized authority on and pioneer in blockchain legal issues, Carol Van Cleef, appointed as independent directors; added Andrew Lee, veteran finance executive and cryptocurrency specialist, as CFO.
Development of Digital Asset Analytics Platform - Initial development of our digital asset data analytics platform is nearing completion with invite-only public beta launch anticipated in the third quarter; expansion of development team expected to further accelerate development of platform and to support additional revenue generating activities.
“In our letter to shareholders dated February 18, 2021, one of our key goals was to position the Company for listing on a senior exchange. I am elated we have achieved this important milestone,” added Michal Handerhan, COO of BTCS. “As we build on our recent successes, we plan to strategically expand our blockchain infrastructure operations to drive further revenue growth.”
“I want to thank our shareholders for their continued support,” added Allen. “We strongly believe in our ability to capitalize on the disruptive and transformative potential of digital assets in the quarters ahead. Like the internet era that came before, which forever changed the way people communicate with each other, blockchain technology is now changing the way we transact with each other, and the opportunity is just getting started – and we are just getting started.”
About BTCS:
BTCS is an early mover in the blockchain and digital currency ecosystem, and the first "Pure Play" U.S. publicly traded company focused on blockchain infrastructure and technology. Through its blockchain infrastructure operations, the Company secures Proof-of-Stake blockchains by actively processing and validating blockchain transactions and is rewarded with native digital tokens. The Company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform. The Company is also developing a proprietary digital asset data analytics platform that allows users to consolidate their crypto trades from multiple exchanges onto a single platform, enabling users to view and analyze their performance, risk metrics, and potential tax implications. The Company employs a digital asset treasury strategy with a primary focus on disruptive non-security protocol layer assets. For more information visit: www.btcs.com.
Forward-Looking Statements:
Certain statements in this press release, constitute "forward-looking statements" within the meaning of the federal securities laws including statements regarding our growth in shareholder value, revenue growth, and our ability to capitalize on the potential for digital assets. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation the rewards and costs associated with validating transactions on proof-of-stake blockchains, significant decrease in value of our digital assets and rewards while locked up, loss or theft of the private withdrawal keys resulting in the complete loss of digital assets and reward, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2020. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
Phone: (407) 491-4498
dave@redchip.com
https://www.otcmarkets.com/stock/BTCS/news/BTCS-to-Commence-Trading-on-Nasdaq?id=320549
Charlie Lee who is a founder of Lite coin is on the board as a director. It sounds more trustable.
Yes, many say they will up-list after the reverse split but very few actually do.
This is one of very a few company up listed to Nasdaq from OTC by reverse split. I hope they do very well. So far, it looks great.
I wonder when we see activity on it in our portfolio. 2 weeks?
BTCS moved to the Nasdaq from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
BTCS Reverse Split History attached
Yep, my thoughts exactly. Reverse splits rarely work to the benefit of investors.
Uplisting that lasts how long? What happens when this keeps going down until they are below the threshold again?? What income do they have to support a steady or rising share price?
Phase 1: Collect underpants
Phase 2: (????? DUNNO!)
Phase 3: PROFIT!!!!
The times that I have seen a reverse split it when they did it to raise the share price enough to do an up-listing.
I believe you. I probably have been hit by more than one of those and just don't recall the previous one. Bad management.
He is completely correct. I have been on here since 2015. I have probably gone through four reverse splits. Maybe, five! I use to believe this company was the future and researched it also. I could’ve probably made some money when it got pumped up a few times, but held out for a little more money and it dropped quickly. Then we would get a reverse split sometime around that time later after it dumped hard. Check the full history of this company out and you’ll see I’m right about the reverse splits. It happens when you’re in the pinks. But you should be advised. And hang on I’m sure there’s many more to come.
I am confused how you ended up with 1 share when you had 25,000 shares and I believe it was a 1/10 reverse split. Shouldn't you have 2500 shares? I do agree that the reverse split is likely a bad idea. I have never seen it work out in the shareholders favor. If they did a better job of running the company then they would not have to do a RS. If the company was making money then they should be able to start a share buyback that would likely increase the share value in a more real way.
ME TOO. PATHETIC!!
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BLOCKCHAIN POTENTIAL APPLICATIONS AND DISRUPTION:
Just a few of the media conglomerates who have featured $BTCS in a story:
Washington Post:
https://www.washingtonpost.com/business/on-it/silver-spring-start-up-targets-bitcoin-buyers/2014/03/07/52760478-a558-11e3-84d4-e59b1709222c_story.html
Bloomberg:
https://www.bloomberg.com/news/videos/b/d29dc63c-5e6e-4ff7-ab4f-6bf91846a917
USAToday:
https://www.usatoday.com/story/news/nation/2013/12/10/bitcoin-entrepreneurs-seek-mainstream-acceptance/3971121/
CNBC:
https://www.cnbc.com/video/2014/02/10/bitcoin-shop-ceo-reverse-merger-most-sensible-choice.html
WallStreet Journal:
https://www.wsj.com/articles/bitcoin-shop-to-trade-publicly-over-the-counter-1391726743?KEYWORDS=bitcoin&tesla=y
Kaltura:
http://cfvod.kaltura.com/pd/p/1679301/sp/167930100/serveFlavor/entryId/1_gs2pq3kz/v/1/flavorId/1_i7hvrk8o/name/a.mp4
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