BTCS engages Baker McKenzie to investigate German exchange listings

BTCS announced that it has engaged Baker McKenzie, specifically their Frankfurt Office, a renowned law firm, to investigate the listing of its shares on five German stock exchanges as well as three other German trading venues. The move comes in response to serious concerns raised by investors over the lack of transparency and potentially detrimental effects on our share price on the Nasdaq, our primary market. Charles Allen, CEO of BTCS, emphasized the Company’s commitment to protecting its investors, particularly its over 35,000 retail investors. "Shares with primary listings outside the European Union, including BTCS, are not protected by EU Regulations on Short Selling, which prohibits, among other things, naked short sales which would otherwise be illegal in both the United States and EU." Allen continued "Our goal is to ensure that our securities trade in fair and transparent markets, and we are taking all necessary steps to achieve that. We did not apply or agree to have our shares traded on these exchanges, and we believe it is important to take action to get delisted and address our investors’ concerns…. Baker McKenzie is a global law firm with over 6,500 lawyers in more than 70 offices. For more than 70 years, they have helped clients solve their most complex legal challenges and achieve their business goals. With this level of experience and expertise, they are uniquely positioned to help us investigate our listing on these exchanges and provide assistance in getting delisted." continued Allen.