BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain
technology-focused company, today announced its approval to list
its Series V Preferred shares (“Series V”) on Upstream, the trading
app for digital securities and NFTs powered by Horizon Fintex
(“Horizon”) and MERJ Exchange Limited (“MERJ”). Trading on Upstream
will become available on June 29, 2023 at 10:00am ET under the
ticker symbol ‘BTCSP’.
BTCS has been a pioneer in the blockchain
industry and has consistently demonstrated its commitment to
innovation. The decision to 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.
The Series V listing on Upstream is designed to
provide BTCS the opportunity to access a global, digital-first
investor base outside the U.S. that can trade using USDC digital
currency along with credit, debit, PayPal, and USD; thus expanding
our shareholder base and unlocking additional liquidity.
“We are excited to leverage 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 listing our
Series V shares on Upstream should help drive growth and value for
our shareholders.”
Details on BTCS’s Series V listing, deposit and
trading instructions, can be found at
https://www.btcs.com/seriesv/. In preparation for the Upstream
listing on June 27, 2023 existing Series V shareholders who wish to
deposit their Series V shares on Upstream should:
- Move your Series
V shares to the Company’s transfer agent Equity Stock Transfer
(“EST”). Series V shares may be moved to EST by contacting your
broker-dealer (or other custodian) and initiating a Direct
Registration System (“DRS”) transfer request of the Series V to
EST, each broker-dealer has different processes so you must contact
them directly. Please note that the Series V shares will be
transferred using free delivery at DTC via a DRS transfer to EST.
BTCS, however, will not cover the cost of a DWAC or other transfer
method.
- Open an account
with Upstream by downloading your preferred app from Upstream’s
website (https://upstream.exchange) and creating an Upstream
account.
- U.S. based
Series V holders must also create an account with Boustead
Securities (https://www.boustead1828.com/upstream) to deposit and
trade their shares with Upstream.
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 crypto 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
crypto 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 directly
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 receives 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 unlocking
new opportunities and reaching new audiences from listing on
Upstream, and our ability to drive growth and value for our
shareholders. 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 its customer base, lack of liquidity on Upstream, 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, 2022. 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
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
the information.
U.S. or Canadian-based citizens or permanent
residents may only deposit, buy, or sell securities on Upstream
after being introduced by a licensed broker dealer. Note that U.S.
or Canadian-based investors include those U.S. or Canadian citizens
who may be domiciled overseas. All orders for sale are
non-solicited by Upstream and a user’s decision to trade securities
must be based on their own investment judgement. 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, a National Numbering Agency and
member of ANNA. MERJ is regulated in the Seychelles by the
Financial Services Authority Seychelles, https://fsaseychelles.sc/
an associate member of the International Association of Securities
Commissions (IOSCO). MERJ supports global issuers of traditional
and digital securities through the entire asset life cycle from
issuance to trading, clearing, settlement, and registry. It
operates a fair and transparent marketplace in line with
international best practices and principles of operations of
financial markets. 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 Upstream’s 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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