BTCS calls on shareholders to protect investment by not lending shares

BTCS is calling on its shareholders to take action to protect their investment. The Company’s public float is comprised of over 35,000 shareholders holding approximately 8.7M shares, of which it estimates over 80% are held at 4 brokerage firms. In addition to this concentration of shares, the Company believes many of these shares may be held in margin accounts, potentially making it very easy for short sellers to borrow those shares. "I want to alert our shareholders that they can take simple actions to protect their investment," said Charles Allen, CEO of BTCS. "Over the past few decades, the financial industry has undergone a profound transformation with the shift towards zero-commission trading. This evolution has led to an increased reliance on alternative sources of revenue for brokerage firms, such as paying for order flow and lending out shares to facilitate short selling. This dynamic is both veiled and detrimental to Main Street, creating an unfair playing field for retail investors who make up the majority of BTCS’s shareholders. At BTCS, we believe in fair and transparent markets and the innovative technology behind blockchains which can help restore fairness and transparency to our financial systems."