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Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis

The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2022 and 2021:

Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis 

		Fair value measured at December 31, 2022
		Total at December 31,				Quoted prices in active markets				Significant other observable inputs				Significant unobservable inputs
		2022				(Level 1)				(Level 2)				(Level 3)
Assets
Investments		$	100,000			$	-			$	-			$	100,000
Liabilities
Warrant Liabilities		$	213,750			$	-			$	-			$	213,750

		Fair value measured at December 31, 2021
		Total at December 31,				Quoted prices in active markets				Significant other observable inputs				Significant unobservable inputs
		2021				(Level 1)				(Level 2)				(Level 3)
Assets
Investments		$	-			$	-			$	-			$	-
Liabilities
Warrant Liabilities		$	1,852,500			$	-			$	-			$	1,852,500

Schedule of Changes in Fair Value and Other Adjustments of Warrants

The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial assets and liabilities for the years ended December 31, 2022 and 2021, that are measured at fair value on a recurring basis:

Schedule of Changes in Fair Value and Other Adjustments of Warrants 

		Fair value of Level 3 financial assets
		December 31,				December 31,
		2022				2021
Beginning balance		$	-			$	-
Purchases			100,000				-
Unrealized appreciation (depreciation)			-				-
Ending balance		$	100,000			$	-

		Fair value of Level 3 financial liabilities
		December 31,				December 31,
		2022				2021
Beginning balance		$	1,852,500			$	-
Warrant liabilities classification			-				5,771,250
Fair value adjustment of warrant liabilities			(1,638,750	)			(3,918,750	)
Ending balance		$	213,750			$	1,852,500

Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities

A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of December 31, 2022 and 2021, is as follows:

BTCS Inc.

NOTES TO FINANCIAL STATEMENTS

Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities

		December 31, 2022				December 31, 2021
Risk-free rate of interest			3.99	%			1.26	%
Expected volatility			152.84	%			162.53	%
Expected life (in years)			3.18				4.18
Expected dividend yield			-				-

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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