Silver Spring, MD, June 22, 2023 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, today announced its approval to list its Series V Preferred shares (“Series V”) on Upstream, the trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”). Trading on Upstream will become available on June 29, 2023 at 10:00am ET under the ticker symbol ‘BTCSP’.
BTCS has been a pioneer in the blockchain industry and has consistently demonstrated its commitment to innovation. The decision to list on Upstream is a natural extension of this commitment and reflects the Company’s belief in both Ethereum and the potential of decentralized technologies to bring innovation to traditional financial markets.
The Series V listing on Upstream is designed to provide BTCS the opportunity to access a global, digital-first investor base outside the U.S. that can trade using USDC digital currency along with credit, debit, PayPal, and USD; thus expanding our shareholder base and unlocking additional liquidity.
“We are excited to leverage the power of Ethereum to unlock new opportunities and reach new audiences,” said Charles Allen, CEO of BTCS. “Upstream represents the next generation of financial platforms, and we believe that listing our Series V shares on Upstream should help drive growth and value for our shareholders.”
Details on BTCS’s Series V listing, deposit and trading instructions, can be found at https://www.btcs.com/seriesv/. In preparation for the Upstream listing on June 27, 2023 existing Series V shareholders who wish to deposit their Series V shares on Upstream should:
- Move your Series V shares to the Company’s transfer agent Equity Stock Transfer (“EST”). Series V shares may be moved to EST by contacting your broker-dealer (or other custodian) and initiating a Direct Registration System (“DRS”) transfer request of the Series V to EST, each broker-dealer has different processes so you must contact them directly. Please note that the Series V shares will be transferred using free delivery at DTC via a DRS transfer to EST. BTCS, however, will not cover the cost of a DWAC or other transfer method.
- Open an account with Upstream by downloading your preferred app from Upstream’s website (https://upstream.exchange) and creating an Upstream account.
- U.S. based Series V holders must also create an account with Boustead Securities (https://www.boustead1828.com/upstream) to deposit and trade their shares with Upstream.
About BTCS:
BTCS Inc. is a Nasdaq listed company operating in the blockchain technology space since 2014 and is one of the first U.S. publicly traded companies with a primary focus on blockchain infrastructure and staking. BTCS secures and operates validator nodes on disruptive next-generation blockchain networks that power Web 3, earning native token rewards by staking our proof-of-stake crypto assets. “StakeSeeker” is BTCS’ newly introduced proprietary Cryptocurrency Dashboard and Staking-as-a-Service platform, developed to empower users to better understand and grow their crypto holdings with innovative portfolio analytics and a non-custodial process to earn staking rewards on crypto asset holdings. Users can easily link and monitor their cryptocurrency portfolios across exchanges, wallets, validator nodes, and other sources; and have access to a suite of data analytic tools such as performance and reward tracking. StakeSeeker’s Staking Hub allows users to earn rewards by directly participating in network consensus mechanisms by staking and delegating their cryptocurrencies to company-operated validator nodes for a growing number of supported blockchains. As a non-custodial validator operator, BTCS receives a percentage of token holders staking rewards generated as a validator node fee, creating the potential opportunity for a highly scalable business with limited additional costs. For more information visit: www.btcs.com.
About Upstream:
Upstream, a MERJ Exchange Market (merj.exchange), is a global stock exchange for digital securities and NFTs. Powered by Horizon’s proprietary blockchain-powered matching engine technology, the platform enables users to trade NFTs, and invest in securities for IPOs, crowdfunded companies, U.S. & international equities, and celebrity ventures using the Upstream app. For more information, please visit https://upstream.exchange. Upstream is currently accepting applications to dual list at https://upstream.exchange/getlisted.
Forward-Looking Statements:
Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws including statements regarding unlocking new opportunities and reaching new audiences from listing on Upstream, and our ability to drive growth and value for our shareholders. 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 current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, future legislation and regulation, regulatory issues, unexpected issues with our proprietary Digital Asset Analytic and Staking-as-a-Service Platform: StakeSeeker, reluctance of users to try or accept our product, and Upstream’s ability to develop and expand its customer base, lack of liquidity on Upstream, financial, compliance and internal issues relating to Upstream, 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, 2022. 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:
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Disclaimers:
This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
The following information is included at the request of Upstream and BTCS does not have the ability to confirm the information.
U.S. or Canadian-based citizens or permanent residents may only deposit, buy, or sell securities on Upstream after being introduced by a licensed broker dealer. Note that U.S. or Canadian-based investors include those U.S. or Canadian citizens who may be domiciled overseas. All orders for sale are non-solicited by Upstream and a user’s decision to trade securities must be based on their own investment judgement. Anyone may buy and sell NFTs on Upstream.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, a National Numbering Agency and member of ANNA. MERJ is regulated in the Seychelles by the Financial Services Authority Seychelles, https://fsaseychelles.sc/ an associate member of the International Association of Securities Commissions (IOSCO). MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing Upstream’s site or app, you agreed to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies.
There can be no assurance the valuation of any particular company’s securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
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