BTCS announces a strategic investment in an operator

BTCS announces a strategic investment in an operator

Silver Spring, MD, October 18, 2022 (GLOBE NEWSWIRE) – BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, today announced a $100,000 strategic investment in GlobexUS, the parent company of Horizon Globex GmbH, technology provider and joint venture partner in the Upstream exchange. Upstream, the MERJ Exchange, is a subsidiary of the World Federation of Exchanges and the first stock trading and trading application built on the Ethereum blockchain and operated under the license and regulations of the stock exchange.

BTCS’s investment in a technology provider that supports an on-chain order book and an innovative trading application by Upstream represents the company’s strong belief in the power and enhanced use cases of blockchain technologies. We believe the Upstream market opens up the potential for companies like BTCS to create tokens and list their securities for trading on a next-generation exchange. Upstream should allow companies to gain direct access to a global crypto-savvy investor base who value the true web3 experience. Furthermore, Upstream’s platform enables in-app proxy voting as well as the ability to pay digital dividends directly to the owner’s wallet via the app, which can reduce the friction that BTCS contributors have had with Bividend.

“For the past eight years, BTCS has been at the forefront of US public companies in the blockchain sector,” said Charles Allen, CEO of BTCS. “Ethereum remains central to BTCS as our largest digital asset holding which we currently operate 240 verification nodes with over 8,400 ETH hostages. While Ethereum is widely known as a platform for spreading NFTs, it has much broader use cases, such as paper trading Finance As an infrastructure provider, our investment in an Ethereum-based Layer 2 implementation showcases not only the power of the blockchain but the future potential of BTCS As the first US publicly listed company to issue a dividend payable in Bitcoin earlier than 2022 (“Bividend”) The potential tokenization and dual listing of our shares on the Upstream platform will highlight our further use of disruptive blockchain capabilities that underpin our belief in a rapidly growing industry,” Allen continued.

While companies like the New York Stock Exchange are built using technology like Linux, Upstream is developed on the Ethereum blockchain, the world’s second largest blockchain network secured by over 400,000 validators worldwide, including BTCS. “Unlike traditional markets, which have been plagued by short selling, stock lending, phantom stocks, and a whole host of other issues, these practices can be eliminated through a blockchain-based marketplace where settlement and transactions take place simultaneously,” said Michael Privoznik, Director BTCS financials.

About BTC
BTCS is the number one driver in the blockchain and digital asset ecosystem and the first publicly traded US “Pure Play” company focused on blockchain technology infrastructure and technology. Through its blockchain infrastructure operations, the company secures Proof-f-Stake blockchains by actively validating blockchain transactions and rewarding them with authentic digital tokens. The company is developing a proprietary staking-as-a-Service platform to allow users to share and delegate backed cryptocurrencies through a noncustodial platform, which it plans to integrate with the digital asset dashboard, and is now in beta. BTCS’s digital asset platform currently supports six exchanges and more than 800 digital assets, and the company plans to expand its suite of performance tracking tools, adding more centralized and decentralized exchanges, as well as portfolios and stock pool monitoring. For more information visit: www.btcs.com.

around the source
Upstream, the MERJ Exchange (https://merj.exchange), is a fully regulated global exchange of digital securities and NFTs. Powered by Horizon’s Ethereum-L2 Matching Engine technology, the platform allows users to trade NFTs, invest in IPOs, crowdfunded companies, US and international stocks, and popular projects using the Upstream app. For more information, please visit https://upstream.exchange.

Cautionary note regarding 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 potential productivity that companies such as BTCS, a potential double listing of BTCS shares on Upstream and the benefits to shareholders through the Upstream Program. . Words such as “may,” “may,” “will,” “should,” “believe,” “expect,” “expect,” “estimate,” “continue,” “expect,” “expect,” “project,” “plan,” “intent,” or similar statements, or statements relating to intent, belief, or current expectations, are forward-looking statements. While the Company believes such forward-looking statements are reasonable, it should not place undue reliance on any such forward-looking statements, which are based on available information. Us at the date of this release These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including, but not limited to, unforeseen issues with upstream, regulatory issues, investor acceptance of the new platform as well as the risks set forth in the Company’s filings. The Securities and Exchange Commission has a Form 10-K for the year ended December 31, 2021. Consequently, actual results may be materially different.The Company expressly disclaims any obligation to update or change the statements, whether as a result of new information, future events or other So, except as required by law.

Contact Information:

Investor Relations
Adele Carey, Vice President of Investor Relations
a.carey@btcs.com

Public relations:

Mercy Chikour
m.chikowore@btcs.com

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