Great find! The move up on BTCS comes after the Company said they were able to convince all of the note holders to agree to a standstill and leak-out agreement whereby, until September 19, 2016, each note holder’s daily conversions will be limited to the greater of: (1) $7,500, and (2) five percent of the aggregate dollar value of Common Stock traded during the trading day immediately prior to the conversion date. Full details of the leak-out agreement are available in the Company’s 8-K filed with the Securities and Exchange Commission on June 22, 2016.
ALSO THIS:
BTCS current transaction verification operation touches every blockchain transaction. Even after doubling their server processing power in January of 2016, the Company is currently using just 33% of the expanded power capacity added in July 2015. The foundation to rapidly scale operations is in place.
If company doesn't utilize this extra capacity it can lease or sell the extra for now, THE DM facility was acquired at a special rate and terms which can't be duplicated for nearly the same price in today's market -- either way BTCS way oversold~
Charts indicate .003 Resistance = 50% above today's price, today alone.
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