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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 10, 2024
BTCS
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-40792 |
|
90-1096644 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
9466
Georgia Avenue #124, Silver Spring, MD 20910
(Address
of Principal Executive Offices, and Zip Code)
(202)
430-6576
Registrant’s
Telephone Number, Including Area Code
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.001 par value |
|
BTCS |
|
The
Nasdaq Stock Market
(The
Nasdaq Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01. Regulation FD Disclosure.
On
July 10, 2024, BTCS Inc. issued a press release and made available on its website (www.btcs.com) its updated corporate presentation,
a copy of each is attached to this Form 8-K as Exhibit 99.1 and Exhibit 99.2, respectively.
The
information in Item 7.01 of this report, including the information in the press release and the corporate presentation, furnished pursuant
to Item 7.01 of Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section. Furthermore, the information in Item 7.01 of this report, including the
information in the press release and the corporate presentation, shall not be deemed to be incorporated by reference in the filings of
the registrant under the Securities Act of 1933.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
BTCS
INC. |
|
|
|
Date:
July 10, 2024 |
By: |
/s/
Charles W. Allen |
|
Name: |
Charles
W. Allen |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
BTCS
Inc. Launches ChainQ: An AI-Powered Blockchain Analytics Platform
Silver
Spring, MD – (Globe Newswire – July 10, 2024) – BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”),
a blockchain technology-focused company, is proud to announce the launch of ChainQ, its pioneering blockchain analytics platform designed
to revolutionize the exploration and comprehension of certain blockchain data. ChainQ represents a significant leap forward in simplifying
the access, querying, and analysis of blockchain data, empowering users with unprecedented accessibility and insights.
ChainQ
leverages indexed data from BTCS’s blockchain infrastructure operations to provide access to otherwise hard-to-access public blockchain
data, similar to Bloomberg for financial research or Westlaw for legal research. Unlike traditional blockchain explorers that offer cumbersome
navigation and lack features like natural language queries and customizable searches, ChainQ simplifies and accelerates data exploration
through its AI driven platform.
“ChainQ
signifies our commitment to innovation in the blockchain space,” said Charles Allen, CEO of BTCS. “We’re thrilled to
introduce this cutting-edge platform that merges the power of artificial intelligence with advanced search functionalities to offer users
an intuitive and comprehensive solution to navigate blockchain data. The initial beta version of ChainQ supports indexed data from the
Cosmos (ATOM) blockchain network. While we are launching with data from Cosmos, a smaller blockchain by market cap, its complexity sets
the stage for expansion into larger and less complex chains with more holders and broader market awareness. As global cryptocurrency
ownership increased by 34% in 2023, rising from 432 million in January 2023 to 580 million in December 20231, we see a vast
and growing addressable market for our solutions.”
ChainQ
offers a seamless user experience with its intuitive interface, powered by state-of-the-art generative AI technology. Users can effortlessly
access and analyze blockchain data with a simple search bar, enabling natural language queries (NQL) to uncover detailed insights from
indexed blockchain data.
“ChainQ
is more than just a tool; it’s a gateway to unlocking the full potential of blockchain data,” remarked Michal Handerhan,
COO of BTCS. “With its user-friendly approach and powerful features, ChainQ empowers users of all technical levels to explore,
organize, and understand blockchain data like never before.”
Key
features of ChainQ include:
|
● |
Fast
access to blockchain data exceeding the capabilities of standard web search engines, and simplified compared to complex blockchain
explorers. |
|
● |
Cutting-edge
generative AI technology. |
|
● |
Intuitive
search functionality with natural language queries. |
|
● |
Customizable
search panel for refined results. |
|
● |
Insightful
visualizations for enhanced data comprehension. |
|
● |
Support
for SQL queries, saved searches, and result exportation. |
For
more information about ChainQ and to sign up for access to the platform, visit www.chainq.com.
1
Crypto.com January 22, 2024 Annual Crypto Market Sizing Report
Further,
in line with our commitment to shareholder and customer engagement we’ve updated our corporate website and corporate presentation
to incorporate the addition ChainQ to the Company’s operations and better reflect our initiatives, strategies, and the evolving
nature of our business.
About
BTCS:
BTCS
Inc. is a Nasdaq listed company operating in the blockchain technology sector since 2014 and is one of the only U.S. publicly traded
companies with a primary focus on proof-of-stake blockchain infrastructure. We focus on driving scalable growth through our diverse business
streams that leverage our core blockchain infrastructure operations which includes staking and operating validator nodes on various proof-of-stake
networks, such as Ethereum. Built atop our blockchain infrastructure operations are: ChainQ, our AI-powered blockchain analytics platform,
which provides a simple way for crypto holders to access otherwise hard-to-obtain data; StakeSeeker, offering an analytics-focused cryptocurrency
dashboard and Staking-as-a-Service solution, and Builder+, an Ethereum block builder optimizing profit through block construction. For
more information visit: www.btcs.com.
Forward-Looking
Statements:
Certain
statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws
including statements regarding our beliefs related to the growing addressable market for our solutions. 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
assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with
Builder+, unexpected issues with ChainQ, and the reluctance of users to utilize solutions, 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, 2023 which was filed on March
21, 2024. 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
Exhibit 99.2
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