BTCS reports Q3 EPS (4c) vs. (8c) last year

Reports Q3 revenue $316,242 vs. $344,196 last year. The company said, “The recent actions taken by the SEC against Coinbase and Binance have had a significant impact on our industry. While the SEC has classified several alt tokens as securities, it is essential to note that Ethereum and Bitcoin were not included in this list, and it is crucial to remember that the SEC’s classification may not necessarily align with court decisions. With regard to accounting practices, the upcoming FASB guidelines on fair market value accounting promise to bring greater transparency to our financial statements. This change will offer our shareholders and the investing public a clear understanding of our financial position representative of the economic reality of our business, particularly concerning our crypto assets which are carried on our balance sheet at the lowest market price since acquisition, regardless of what current market prices are. Finally, we wish to highlight the current uptrend in the crypto market, with Bitcoin and Ethereum recently reaching 52-week highs. This positive sentiment bodes well for our sector, and we remain optimistic about the potential for this trend to continue, which should beneficially impact our revenue. Moving forward, we maintain a positive outlook on both the future of the crypto industry and BTCS. We are highly motivated to spearhead innovations that foster the wider adoption and acceptance of blockchain technologies, bringing value to our shareholders. With our unwavering commitment and focused approach, we aspire to uphold our position as industry leaders in this ever-evolving landscape.”