BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain
technology-focused company, today announced that it has begun the
application process to dual list its shares of common stock on
Upstream, the trading app for digital securities and NFTs powered
by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).
BTCS has been a pioneer in the blockchain
industry and has consistently demonstrated its commitment to
innovation. The planned decision to dual list on Upstream is a
natural extension of this commitment and reflects the company's
belief in both Ethereum and the potential of decentralized
technologies to bring innovation to traditional financial
markets.
“We are excited to take this step and join the
growing number of companies that are leveraging the power of
Ethereum to unlock new opportunities and reach new audiences,” said
Charles Allen, CEO of BTCS. “Upstream represents the next
generation of financial platforms, and we believe that dual-listing
on this platform will help us to continue driving growth and value
for our shareholders.”
In addition to dual-listing on Upstream, BTCS is
also an investor in Horizon, and has staked over 8,400 ETH on its
240 validator nodes on Ethereum’s blockchain, further demonstrating
the Company's commitment to utilizing decentralized technologies it
supports.
“Ethereum's blockchain technology enables fair
markets by ensuring transparency and immutability of transactions,”
continued Charles Allen. “Upstream is utilizing this technology to
lead the charge in protecting and empowering both issuers and
investors. We are pursuing BTCS’s dual-listing on the Ethereum
blockchain as part of a broader effort to realize the true value of
our stock.”
Approval to be listed on Upstream is subject to
acceptance by MERJ. However, as an existing Nasdaq issuer, BTCS may
be eligible for an expedited listing process.
About BTCS:BTCS Inc. is a
Nasdaq listed company operating in the blockchain technology space
since 2014 and is one of the first U.S. publicly traded companies
with a primary focus on blockchain infrastructure and staking. BTCS
secures and operates validator nodes on disruptive next-generation
blockchain networks that power Web 3, earning native token rewards
by staking our proof-of-stake digital assets. “StakeSeeker” is
BTCS’ newly introduced proprietary Cryptocurrency Dashboard and
Staking-as-a-Service platform, developed to empower users to better
understand and grow their crypto holdings with innovative portfolio
analytics and a non-custodial process to earn staking rewards on
digital asset holdings. Users can easily link and monitor their
cryptocurrency portfolios across exchanges, wallets, validator
nodes, and other sources; and have access to a suite of data
analytic tools such as performance and reward tracking.
StakeSeeker’s Staking Hub allows users to earn rewards by
participating in network consensus mechanisms by staking and
delegating their cryptocurrencies to company-operated validator
nodes for a growing number of supported blockchains. As a
non-custodial validator operator, BTCS will receive a percentage of
token holders staking rewards generated as a validator node fee,
creating the potential opportunity for a highly scalable business
with limited additional costs. For more information visit:
www.btcs.com.
About
Upstream:Upstream, a MERJ Exchange Market
(MERJ Exchange), is a global stock exchange for digital securities
and NFTs. Powered by Horizon's proprietary blockchain-powered
matching engine technology, the platform enables users to trade
NFTs, and invest in securities for IPOs, crowdfunded companies,
U.S. & international equities, and celebrity ventures using the
Upstream app. For more information, please visit
https://upstream.exchange. Upstream is currently accepting
applications to dual list at
https://upstream.exchange/GetListed.
Forward-Looking
Statements:Certain statements in this press release,
constitute “forward-looking statements” within the meaning of the
federal securities laws including statements regarding the
acceptance of the listing application, the potential of
decentralized technologies, our ability to drive growth and value
for our shareholders, and realize the true value of our stock.
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, future legislation and regulation,
regulatory issues, unexpected issues with our proprietary Digital
Asset Analytic and Staking-as-a-Service Platform: StakeSeeker,
reluctance of users to try or accept our product, and Upstream’s
ability to develop and expand, financial, compliance and internal
issues relating to Upstream, 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, 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.
Investor Relations:ir@btcs.com
Public Relations: Mercy Chikowore m.chikowore@btcs.com
Disclaimers:
This press release shall not constitute an offer
to sell securities or the solicitation of an offer to buy
securities in any jurisdiction where such offer or solicitation is
not permitted. Any securities offered privately will not be or have
not been registered under the Act and may not be offered or sold in
the United States absent registration or an applicable exemption
from registration requirements.
The following information is included at the
request of Upstream and BTCS does not have the ability to confirm
some of the information.
If you are a U.S. or Canadian-based citizen or
permanent resident that has invested in a company that's listed on
Upstream, you may transfer your shares to Upstream and sell them on
Upstream’s trading app for liquidation purposes only. You are not
permitted to purchase shares of other companies listed on Upstream
at this time. Anyone may buy and sell NFTs on Upstream.
Upstream is a MERJ Exchange market. MERJ
Exchange is a licensed Securities Exchange, an affiliate of the
World Federation of Exchanges, and a full member of ANNA. MERJ
supports global issuers of traditional and digital securities
through the entire asset life cycle from issuance to trading,
clearing, settlement, and registry. Upstream does not endorse or
recommend any public or private securities bought or sold on its
app. Upstream does not offer investment advice or recommendations
of any kind. All services offered by Upstream are intended for
self-directed clients who make their own investment decisions
without aid or assistance from Upstream. All customers are subject
to the rules and regulations of their jurisdiction. By accessing
the site or app, you agreed to be bound by its terms of use and
privacy policy. Company and security listings on Upstream are only
suitable for investors who are familiar with and willing to accept
the high risk associated with speculative investments, often in
early and development stage companies. There can be no assurance
the valuation of any particular company's securities is accurate or
in agreement with the market or industry comparative valuations.
Investors must be able to afford market volatility and afford the
loss of their investment. Companies listed on Upstream are subject
to significant ongoing corporate obligations including, but not
limited to disclosure, filings, and notification requirements, as
well as compliance with applicable quantitative and qualitative
listing standards.
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