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Crypto Assets
 12 Months Ended
Dec. 31, 2023
Other Liabilities Disclosure [Abstract]  
Crypto Assets

Note 4 – Crypto Assets

 

The following table presents the Company’s crypto assets held as of December 31, 2023:

 

Schedule of Crypto Assets Held

Asset  Tokens   Cost   Fair Market Value 
Ethereum (ETH)   7,815   $8,862,438   $17,829,264 
Cosmos (Atom)   270,098    4,843,231    2,860,870 
Solana (SOL)   7,845    535,109    796,327 
Avalanche (Avax)   17,842    1,129,281    687,713 
Axie Infinity (AXS)   60,552    1,913,988    535,546 
Polygon (Matic)   506,010    848,606    491,138 
Oasis Network (ROSE)   2,647,629    157,541    363,571 
Kusama (KSM)   7,313    1,427,083    329,353 
Kava (KAVA)   345,394    1,089,300    301,429 
NEAR Protocol (NEAR)   80,267    162,780    293,204 
Akash (AKT)   119,071    46,156    291,574 
Cardano (ADA)   265,254    402,901    157,615 
Mina (MINA)   90,017    63,539    122,007 
Polkadot (DOT)   8,650    139,711    70,879 
Evmos (EVMOS)   345,777    97,404    43,886 
Tezos (XTZ)   26,174    73,318    26,379 
Band Protocol (BAND)   992    1,500    2,174 
Total   -   $21,793,886   $25,202,929 

 

The following table presents a rollforward of the Company’s crypto asset activities for the years ended December 31, 2023 and 2022:

      
December 31, 2021 - Book Value  $12,365,472 
Purchases of crypto assets   9,453,024 
Rewards earned from staking   1,692,454 
Sales of crypto assets   (3,132,920)
Realized gains on sale of crypto assets   506,757 
Impairment loss   (13,348,874)
December 31, 2022 - Book Value  $7,535,913 
Opening adjustment for change in accounting principle   4,986,377 
Purchases of crypto assets   1,804,482 
Rewards earned from staking   1,339,628 
Sales of crypto assets   (1,994,851)
Realized gains on sale of crypto assets   147,295 
Realized losses on sale of crypto assets   (751,563)
Change in unrealized appreciation (depreciation) of crypto assets   12,135,648 
December 31, 2023 - Fair Market Value  $25,202,929 

 

 

BTCS Inc.

NOTES TO FINANCIAL STATEMENTS