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Business Organization and Nature of Operations | 9 Months Ended
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Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Business Organization and Nature of Operations | Note 1 - Business Organization and Nature of Operations BTCS Inc. (“BTCS” or the “Company”), a Nevada corporation listed on Nasdaq, is a U.S.-based blockchain technology company focused on blockchain infrastructure, with its primary operations currently centered on the Ethereum network. Since its inception in 2014, BTCS has developed a diverse set of blockchain-related operations, with a current emphasis on block building and validator node operation (as a “Validator”) on various proof-of-stake (“PoS”) and delegated proof-of-stake (“dPoS”) networks. The Company’s core operations include the management of cloud-based validator nodes on PoS-based blockchain networks. These nodes participate in network consensus mechanisms by providing transaction validation (“attestation”) and block proposal services as a Validator. BTCS earns native token rewards by staking our proof-of-stake crypto assets (also referred to “cryptocurrencies”, “crypto”, “crypto assets”, “digital assets”, or “tokens”) to validator nodes operated by both BTCS and third-parties. BTCS conducts its Ethereum block-building operations under the Builder+ brand, which commenced in 2024. Builder+ uses advanced algorithms to acquire block space and optimize the construction of blocks for on-chain validation, with a focus on maximizing gas fee revenue. Builder+ represents a central component of BTCS’s blockchain infrastructure operations, driving scalable revenue growth through its efficient block optimization processes. BTCS also operates as a non-custodial Staking-as-a-Service (“StaaS”) provider for certain dPoS networks, allowing third-party crypto asset holders to delegate their tokens to BTCS-operated validator nodes (or “nodes”), earning validator node fees as a percentage of staking rewards earned on delegated crypto assets. The Company has also developed and maintains crypto focused technology solutions, such as ChainQ, an AI-powered blockchain analytics tool currently in beta, and StakeSeeker, a crypto portfolio monitoring tool. These platforms complement BTCS’s blockchain infrastructure operations. The Company’s operations are subject to regulatory uncertainties, market volatility, and technological risks associated with blockchain technology and crypto assets. Future success depends on the continued adoption of blockchain technology and the Company’s ability to grow both its Ethereum block-building operations and its broader blockchain infrastructure operations.

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