Silver Spring, MD, Oct. 18, 2022 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS ) (“BTCS” or the “Company”), a blockchain technology-focused company, today announced a strategic investment of $100,000 in GlobexUS Holdings Corp; parent of Horizon Globex GmbH, the technology provider and joint venture partner of the Upstream exchange. Upstream, a MERJ Exchange marketplace, is an affiliate of the World Federation of Exchanges and the first stock exchange and trading app built on Ethereum’s blockchain and operated under an exchange license and regulations.
BTCS’s investment in the technology provider that powers Upstream’s on-chain order book and innovative trading app represents the company’s strong belief in the power and enhanced use cases of blockchain technologies. We believe Upstream’s market opens up the potential for companies like BTCS to tokenize and list their securities for trading on a next-generation exchange. Upstream should allow companies to directly access a global mobile-first, crypto-savvy investor base that values a true web3 experience. Furthermore, Upstream’s platform allows for a streamlined in-app proxy voting process, as well as the ability to pay digital dividends directly to a holder’s wallet via the app, which could reduce the friction that BTCS shareholders faced with Bividend.
“Over the past eight years, BTCS has been at the forefront of US public companies in the blockchain sector,” said Charles Allen, CEO of BTCS. “Ethereum remains at the core of BTCS as our largest holding of digital assets, for which we currently operate 240 validator nodes with over 8,400 ETH staked. While Ethereum is widely known as a platform for distributing NFTs, it has much broader use cases , such as securities trading. As an infrastructure provider, our investment in an Ethereum-based layer 2 application demonstrates not only the power of blockchains, but also the potential of BTCS’s future. As the first US-listed company to issue dividends paid in Bitcoin earlier in 2022 (“Bividend”), the potential tokenization and dual listing of our shares on Upstream’s platform will highlight our continued use of disruptive blockchain capabilities that support our belief in fast-growing industries,” Allen continued.
While businesses like the New York Stock Exchange are built using technology like Linux, Upstream is built on Ethereum’s blockchain, the world’s second largest blockchain network secured by more than 400,000 validators worldwide, including BTCS. “Unlike traditional markets, which are plagued by naked shorting, securities lending, phantom stocks and a whole host of other problems, this practice can be eliminated with a blockchain-based market where settlement and transactions happen simultaneously,” said Michael Prevoznik. Finance manager at BTCS.
About BTCS
BTCS is an early mover in the blockchain and digital asset ecosystem and the first “Pure Play” US publicly traded company focused on blockchain infrastructure and technology. Through its blockchain infrastructure, the company secures Proof-f-Stake blockchains by actively validating blockchain transactions and is rewarded with native digital tokens. The company is developing a proprietary Staking-as-a-Service platform to allow users to stake and delegate backed cryptocurrencies through a non-custodial platform, which it plans to integrate with the Digital Asset Dashboard, now in beta. BTCS’s proprietary Digital Asset Platform currently supports six exchanges and over 800 digital assets, and the company plans to further expand its suite of performance tracking tools, adding additional centralized and decentralized exchanges, as well as wallets and stake pool monitoring. For more information visit: www.btcs.com.
About Upstream
Upstream, a MERJ Exchange Market ( is a fully regulated global exchange for digital securities and NFTs. Powered by Horizon’s Ethereum-L2 matching engine technology, the platform enables users to trade NFTs and invest in securities for IPOs , crowdfunded companies, US and international stocks and celebrity ventures using the Upstream app.For more information, please visit
Warning regarding forward-looking statements
Certain statements in this press release constitute “forward-looking statements” under the federal securities laws, including statements regarding potential Upstream brings companies such as BTCS, a potential dual listing of BTCS shares on Upstream and the benefits to shareholders brought by the Upstream platform. Words such as “may,” “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “anticipate,” “predict,” “project,” ” “plans”, “intends” or similar expressions, or statements regarding intent, belief or current expectations, are forward-looking statements. Although the Company believes that these forward-looking statements are reasonable, no reliance should be placed on any such forward-looking statements, which are based on information available to us as of the date of this release.These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, unforeseen problems with Upstream, regulatory issues, acceptance of the new platform of investors, as well as risks indicated in the company’s filings with the Securities and Exchange Commission including Form 10-K for the year ended December 31, 2021. Thus, actual results may differ materially. expressly disclaims any obligation to update or change statements, whether as a result of new information, future events or otherwise, except as required by law.
Contact information:
Investor Relations
Adele Carey, VP of Investor Relations
[email protected]
PR:
Mercy Chikowore
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