SILVER SPRING, Md., Jan. 31, 2023 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, announced a transformation priority Created a new series of stocks. has designated Series V Convertible Preferred Stock (“Vouchers”) and intends to distribute these Vouchers to all shareholders of record as of the record date announced. Each voucher is now convertible into one share of our common stock listed on any stock exchange utilizing blockchain technology, subject to certain authorizations and the terms of the voucher’s designated certificate filed with the State of Nevada. I’m here.
“We are pleased to announce the possibility of creating and distributing vouchers, which will allow all BTCS shareholders to seamlessly integrate blockchain technology into their daily lives on exchanges where order books are enforced by blockchain smart contracts.” BTCS CEO Charles Allen said: “The exchange, built on blockchain technology, will enable transparent public order books, eliminate delivery failures, provide access to a global, digital-first investor base, and ensure that Bividend transactions occur. It should enable direct communication, distribution and dividends to investors without friction.”
Allen continued, “To achieve a fair and transparent market that protects retail investors, now is the time to move away from T+2 payments. We need to adopt blockchain technology and settle in real-time.Taking this step and creating a pathway to make this technology available to all BTCS shareholders is a great opportunity for BTCS to ensure that the blockchain technology we secure. It’s a way that can demonstrate power and hopefully can revitalize and quickly follow through on-going debates originally proposed by the SEC on February 9, 2022.
“It is unreasonable that BTCS has been listed on the Reg SHO Threshold List 77 times since going public. A total of 2.16 million shares, or about 26% of the public offerings on , were not delivered, raising many questions about the effectiveness of the current system,” Allen continues. “Blockchain technology and instant settlement allow us to eliminate middlemen, thus reducing potential equity imbalances and the risks and costs associated with traditional T+2 settlements. and offer superior value to investors.”
While some argue that blockchain technology has no real-world applications, security exchanges built on blockchains such as Ethereum are powerful use cases that demonstrate the future potential of capital markets. BTCS believes now is the time to start the transition. BTCS highlighted this use case in an investor presentation presented as an exhibit at 8-K on July 7, 2015 (page 7), but after years of research, it finally brought it to fruition. I am in a position to make it happen. This is a natural extension of his BTCS commitment to innovation and reflects the company’s belief in both decentralized technology and Ethereum bringing innovation to traditional financial markets.
Vouchers have no voting or dividend rights. He is redeemable by the company after one year from issuance and is not eligible for conversion after December 31, 2024. The base date for the distribution of vouchers will be announced when achieved. Among other things, it will clarify the specific administrative processes for doing so, including successfully obtaining a DTC-eligible CUSIP. Shareholders are advised to consult their financial advisors to understand the terms of the voucher and the potential impact on their investment in BTCS.
*Investor Notice
While vouchers are not considered “sales” under the Securities Act of 1933 and the Company does not consider them to be “sales” under the State Securities Acts, investors should consider the following disclaimers.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any coupons, nor does it constitute an offer, solicitation or sale of any coupons in any state or jurisdiction in which such offer, solicitation or sale was previously illegal. shall not be performed. Registration or qualification under the securities laws of such state or jurisdiction. The offer, solicitation and sale of Vouchers will be made solely by means of a prospectus supplement and accompanying prospectus forming part of a valid registration statement or under any applicable exemption from registration. Investors should note that we do not plan to list vouchers for trading on exchanges.
About BTCS:
BTCS Inc. is a Nasdaq-listed company operating in the blockchain technology space since 2014 and one of the first US-listed companies focused on blockchain infrastructure and staking. BTCS secures and operates validator nodes on the disruptive next-generation blockchain network that powers the Web 3, earning native token rewards by staking proof-of-stake digital assets. “StakeSeeker” is BTCS’ newly introduced proprietary Cryptocurrency Dashboard and Staking-as-a-Service platform, through a non-custodial process for users to earn innovative portfolio analysis and digital asset staking rewards. , developed to help you better understand and grow your crypto holdings. Users can easily link and monitor their cryptocurrency portfolios across exchanges, wallets, validator nodes, and other sources. Gain access to a suite of data analysis tools, including performance and reward tracking. With StakeSeeker’s staking hub, users participate in a network consensus mechanism by staking and delegating their cryptocurrencies to company-operated validator nodes as the number of supported blockchains grows. to earn rewards. As a non-custodial validator operator, BTCS receives a percentage of token holders staking generated rewards as validator node fees, creating a highly scalable business potential with limited additional costs. . For more information, please visit www.btcs.com.
Forward-Looking Statements:
Certain statements in this press release constitute “forward-looking statements” within the meaning of federal securities laws. This includes statements regarding the potential distribution of coupons, including timing, terms and exchanges of common stock on which coupons are included. The convertible will be listed for trading and will also include a voucher and blockchain technology recognition and anticipated benefits to general shareholders and financial markets. “could”, “could”, “will”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “continue”, “predict” ”, “anticipate”, “anticipate”, “plans”, “intentions” or similar expressions, or statements regarding intentions, beliefs or current expectations are forward-looking statements. Although we believe these forward-looking statements are reasonable, you should not place undue reliance on forward-looking statements based on information available on the date of this release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties. This includes, but is not limited to, the Company’s inability to proceed with Voucher distribution due to administrative, regulatory, or other challenges (including failure to acquire). DTC Eligible CUSIP Numbers, the Company’s wide discretion with respect to vouchers, possible trading volatility, pricing discrepancies, or other negative characteristics of the exchange selected for trading common stock on which the vouchers are convertible, and so on. Dilution of Voucher Holders who fail to make a conversion election before the Voucher is redeemed, future regulatory issues, market or economic downturns, or other adverse developments regarding our business and the digital assets on which it relies; Exchange Commission December 31, 2021, including Risk End Year Form 10-K as set forth in our securities filings. Therefore, actual results may differ materially. We expressly disclaim any obligation to update or change any statements, whether as a result of new information, future events or otherwise, except as required by law.
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public relations:
Mercy Chicowole
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