BTCS (company)

BTCS Inc.

Type of site	Public
Traded as	OTCQB: BTCS
Founded	June 20, 2013
Headquarters	Arlington, Virginia, U.S
Key people	Charles Allen (CEO) Michal Handerhan (COO) Tim Sidie (Lead Engineer)
Industry	Transaction Verification Services Bitcoin mining E-commerce
Website	www.btcs.com

BTCS, Inc. (also called Bitcoin Shop, Inc.) is a publicly traded company based in the US, whose stated line of business is development of applications related to blockchain databases and digital currencies.^[1][2][3][4]

In April 2015, according to company releases, its shares were valued at 0.30 USD or more.^[5] In July 2016, the price had dropped to 0.001 USD.^[6]

Services

According to company material, their services and products could possibly include:

• A low-cost bitcoin transaction verification (bitcoin mining) services business.^[7] In January 2015, BTCS announced finalizing a two-year lease for an 83,000 square foot facility.^[8]
• An e-commerce marketplace accepting bitcoin, litecoin, dogecoin, and other cryptocurrencies. In its beta version, the marketplace claimed to offer over 250,000 curated products, featuring a so-called "Intelligent Shopping Engine" to find competitive prices on products from over 250 retailers.^[9]
• A bitcoin wallet that uses 2-of-3 cryptographic multisignatures to securely store the user's bitcoin keys. The wallet is built on BitVault's Gem’s technology^[10] and operates in cooperation with Authy,^[11] a provider of two-factor authentication. A beta version was claimed to be available, by invitation only.

Investments

BTCS claims to have partnered with and invested in several digital currency companies, including GoCoin LLC,^[12] Bitvault Inc.^[13] and Spondoolies Tech Ltd.^[14]

See also

• Decentralized autonomous organization

References

1. Overstock.com And Bitcoin Shop Offer Virtual Currency First-Mover Advantages - Mar. 26, 2014. http://seekingalpha.com/article/2111343-overstock-com-and-bitcoin-shop-offer-virtual-currency-first-mover-advantages
2. Meet the First Public Bitcoin Company - February 11, 2014. http://www.bloomberg.com/news/videos/b/d29dc63c-5e6e-4ff7-ab4f-6bf91846a917
3. Bitcoin Shop to Trade Publicly Over the Counter - Feb. 6, 2014. http://www.wsj.com/news/articles/SB10001424052702304450904579367293415457138?KEYWORDS=bitcoin
4. BTCS Net Mining and Focus - August 7, 2015. https://www.dukascopy.com/tv/en#162001
5. http://www.otcmarkets.com/stock/BTCS/news/BTCS-Announces--2-3-Million-Financing-With-Management-Participation?id=102551&b=y
6. http://www.hotstocked.com/article/93923/will-btcs-inc-otcmkts-btcs-stop-crashing.html
7. Bitcoin Shop Expands Mining, ATM Businesses, Rebrands as Blockchain Technology Consumer Solutions - January 8, 2015. http://www.financemagnates.com/cryptocurrency/news/bitcoin-shop-expands-mining-atm-businesses-rebrands-as-blockchain-technology-consumer-solutions/>
8. BTCS Enters Mining Sector in a Market-Share Grab - March 25, 2015. https://bitcoinmagazine.com/19735/btcs-enters-mining-sector-market-share-grab/
9. Accepting Only Digital Money, Bitcoin Shop Overhauls Its Online Marketplace - September 4, 2014. http://www.digitaltransactions.net/news/story/Accepting-Only-Digital-Money_-Bitcoin-Shop-Overhauls-Its-Online-Marketplace
10. Gem Multi-Key Signature Security - https://gem.co/security
11. Authy - https://www.authy.com/
12. Bitcoin Shop Inc. To Invest in GoCoin Payment Platform - March 26, 2014. https://coinreport.net/gocoin-payment-platform-investment/
13. Bitcoin API Developer Gem Raises $2 Million in Seed Funding - September 17, 2014. http://www.coindesk.com/bitcoin-api-developer-gem-raises-2m-funding/
14. Bitcoin Shop, Inc. (BTCS) and Spondoolies-Tech Move Forward with Merger - June 10, 2015. https://bitcoinmagazine.com/20792/bitcoin-shop-inc-btcs-spondoolies-tech-move-forward-merger/

External links

• Official website
• BTCS inc. Fact Sheet
• BTCS inc. Corporate Presentation

• • Business data for BTCS Inc.:
  • Reuters
  • SEC filings
• BTCS companies grouped at OpenCorporates