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Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

Note 15 - Related Party Transactions

 

Related parties include the Company’s executive officers, directors, and entities in which such persons have a beneficial interest.

 

During the year ended December 31, 2025, the Company received approximately $145,000 in cash from a related party in connection with the disgorgement of stockholder short-swing profits under Section 16(b) of the Securities Exchange Act of 1934. The proceeds were recorded as an increase to additional paid-in capital in the balance sheet and as cash provided by financing activities in the statement of cash flows.

 

In connection with the Company’s issuance of 5% Original Issue Discount Senior Secured Convertible Notes in May 2025 and July 2025, the Company’s Chairman and Chief Executive Officer and a trust for which he is a beneficiary participated as investors for an aggregate investment of $342,500. The participation by the Chairman and Chief Executive Officer and the related trust was approved by an independent committee of the Board of Directors. See Note 10 - Debt for additional information regarding the terms of the convertible notes and related warrants.

 

Except as described above, the Company did not have any other material related party transactions during the year ended December 31, 2025.

 

 

BTCS Inc.

NOTES TO FINANCIAL STATEMENTS