BTCS CEO ‘enthusiastic’ about opportunities that lie ahead

BTCS issued a letter to its shareholders describing the Company’s recent achievements and goals for 2024. The letter from Charles Allen, CEO of BTCS, read in part, “Looking ahead to 2024, the landscape of cryptocurrency continues to evolve rapidly. The introduction of Bitcoin ETFs marked a significant milestone and we anticipate the launch of an Ethereum ETF, although the timing is uncertain, which we believe will further catalyze market acceptance and growth. This development aligns perfectly with our strategic focus on Ethereum-based solutions and infrastructure. Innovations and Future Plans In our product development, which has been a core focus of our efforts over the last year, we are excited about the future launch of the following products: Builder+, a significant enhancement to our Ethereum blockchain infrastructure, is our newly developed Ethereum block builder, which utilizes advanced algorithms to meticulously construct optimized blocks for on-chain validation designed to maximize validator earnings. We believe Builder+ should provide a path to scalable revenue on Ethereum’s blockchain with limited additional costs. ChainQ, is an under-development AI-powered blockchain data and analytics platform, designed to allow users to query real-time and historical on-chain blockchain data. Through comprehensive indexing of public blockchain data from our Blockchain Infrastructure operations, ChainQ is intended to provide an intuitive and straightforward platform for users to access on-chain data. StakeSeeker, we are exploring the feasibility of adding Ethereum non-custodial staking to our StakeSeeker platform in 2024, with the goal of further diversifying our revenue streams and focusing on expanded and scalable offerings in the cryptocurrency space. Enhancing Online Presence and Communication In line with our commitment to transparency and shareholder engagement, we plan to update our corporate website. This revamp aims to better reflect our initiatives, strategies, and the evolving nature of our business. Additionally, we plan to release a new corporate presentation designed to provide deeper insights into our operations and the exciting opportunities we foresee. These enhancements to our digital presence are part of our broader strategy to ensure open, clear, and continuous communication with you, our shareholders. Strategic Cost-Cutting Initiatives Amidst Market Challenges In most of 2023, we faced significant challenges as the industry emerged from crypto winter. In stark contrast to many of our public peers who resorted to toxic funding methods, thereby destabilizing their capital structures, we adopted a more sustainable approach. Our strategic cost-cutting initiatives, focused on operational efficiency, allowed us to weather this period without compromising our product development or our market position. This prudent approach was pivotal in maintaining our financial stability and protecting shareholder value in a volatile market. Conclusion As your CEO, I am proud of what we have accomplished in the face of adversity, and enthusiastic about the opportunities that lie ahead. Your trust and support are the backbone of our success, and we remain dedicated to delivering on our promise of innovation, growth, and sustainability in the dynamic world of cryptocurrency.”