Latest news with #BTCSInc
Yahoo
6 days ago
- Business
- Yahoo
BTCS Inc. (BTCS) Stock Jumps 111.1%: Will It Continue to Soar?
BTCS Inc. (BTCS) shares soared 111.1% in the last trading session to close at $5.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.4% gain over the past four weeks. BTCS stock witnessed a significant price rise on July 8 after it announced a $100 million capital raise to buy Ethereum, aiming to become a leading Ethereum infrastructure firm. Additionally, BTCS leverages its competitive strengths through a dual focus on Ethereum block-building via Builder+ and validator node operations across various proof-of-stake (PoS) and delegated PoS networks. Its non-custodial staking model enhances trust and scalability, while the AI-powered ChainQ analytics platform boosts data transparency. The company prioritizes security, maintaining 98% of crypto assets in encrypted cold storage, and employs proprietary infrastructure to optimize performance and efficiency. This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -75%. Revenues are expected to be $1.7 million, up 203.6% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For BTCS Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BTCS going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> BTCS Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Ponce Financial (PDLB), closed the last trading session 1.4% higher at $14.36. Over the past month, PDLB has returned 6.6%. Ponce Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. Compared to the company's year-ago EPS, this represents a change of +21.4%. Ponce Financial currently boasts a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BTCS Inc. (BTCS) : Free Stock Analysis Report Ponce Financial Group, Inc. (PDLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
09-07-2025
- Business
- Business Insider
Why Did BTCS Stock Skyrocket Today?
BTCS Inc. (BTCS) stock skyrocketed over 110% today after the blockchain technology firm disclosed plans to raise $100 million in 2025 to accumulate Ethereum (ETH-USD). This move aligns with the company's plan to become one of the largest ETH holders among public companies. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. BTCS's Financial Strategy The company aims to adopt a hybrid financing model, integrating both decentralized finance (DeFi) and traditional finance (TradFi) tools to meet its funding goals. It must be noted that BTCS seeks to build up its Ethereum holdings while limiting shareholder dilution. To achieve this, the company is using tools such as at-the-market (ATM) equity sales, convertible debt deals with ATW Partners LLC, and DeFi loans from Aave, backed by its current ETH. 'We believe that Ethereum has significant growth potential and is central to the future digital financial infrastructure. Now, with Ethereum at 2021 price levels, is the time to deepen our exposure,' said CEO Charles Allen. Growing Trend Among Crypto Firms Inspired by Michael Saylor 's Bitcoin-centered tactic at Strategy (MSTR), several public companies are now turning to Ethereum, seeing long-term value and income from holding and staking it. Some of the crypto firms following this trend are Bit Digital (BTBT), SharpLink Gaming (SBET), BitMine Immersion (BMNR), and GameSquare. These companies aim to acquire and hold ETH as a treasury asset. Is BTCS a Good Stock to Buy? Turning to Wall Street, BTCS stock is a Moderate Buy based on one analyst rating. On May 20, Top analyst Kevin Dede from H.C. Wainwright reiterated a Buy rating on the stock with a price target of $5 (15.4% downside from the current level).
Associated Press
02-06-2025
- Business
- Associated Press
BTCS Inc. Utilizes Crypto.com and Acquires 1,000 ETH, Expanding Ethereum Holdings to 13,500 ETH
Silver Spring, Maryland--(Newsfile Corp. - June 2, 2025) - BTCS Inc. (NASDAQ: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, today announced the acquisition of 1,000 Ether (ETH) for approximately $2.63 million. This acquisition was primarily acquired from Exchange, institutional-grade offering. As of June 2, 2025, BTCS holds approximately 13,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 50%. 'Ethereum remains at the core of our blockchain infrastructure strategy,' said Charles Allen, Chief Executive Officer of BTCS. 'Our expanding ETH position is not simply a treasury play-it's a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure. This complementary approach not only delivers the benefits of a digital asset treasury strategy but also unlocks long-term growth potential that goes far beyond mere price appreciation. We believe this dynamic model is uniquely positioned to maximize shareholder value over time.' 'In line with our mission to maximize strategic value from every ETH purchase, " added Charles Allen, CEO of BTCS, " We have utilized institutional offering, the Exchange. By tapping into their deep liquidity and specialized execution capabilities, we are reducing slippage and optimizing capital deployment across our blockchain initiatives. This initiative complements our treasury and infrastructure strategy by ensuring every ETH acquisition is not only tactically sound but also cost-efficient, reinforcing our commitment to shareholder value.' The Exchange, established in 2019 and launched in the U.S. in 2024, is offered for advanced, VIP and institutional users, and provides users a technologically advanced crypto trading platform featuring deep global liquidity and ultra-low latency. The Exchange is the world's leading USD support exchange by spot market volume. The Exchange is a truly comprehensive offering — including spot trading, margin trading, derivatives, OTC trading, and more. 'The Exchange was purpose-built to offer institutional and advanced clients with the industry's premier cryptocurrency trading experience, with deep global liquidity and the leading tech stack,' said Eric Anziani, President and COO of 'We are proud to partner with BTCS in its cryptocurrency acquisition strategy and to serve them through their continued crypto reserve journey.' About BTCS: BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting About Founded in 2016, is trusted by more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Learn more at Forward-Looking Statements: Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws, including statements regarding building highly scalable revenue generating infrastructure, the benefits of a digital asset treasury strategy, optimization from utilizing institutional offering, maximizing shareholder value, and driving long-term value for shareholders. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues (including, but not limited to, potential SEC enforcement actions, regulatory changes, and state regulatory requirements), cybersecurity risks, technological challenges, market adoption risks, changes in blockchain protocols, continued volatility in the cryptocurrency markets, smart contract risks, and other risks inherent to blockchain technology and cryptocurrency operations, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law. For more information, follow us on: Twitter: LinkedIn: Facebook: Investor Relations: Charles Allen - CEO X (formerly Twitter): @Charles_BTCS Email: [email protected] [ This image cannot be displayed. Please visit the source: ] To view the source version of this press release, please visit
Yahoo
23-05-2025
- Business
- Yahoo
Has Barclays (BCS) Outpaced Other Finance Stocks This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Barclays (BCS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Barclays is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Barclays is currently sporting a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for BCS' full-year earnings has moved 11.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Our latest available data shows that BCS has returned about 32.7% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 3.8% on a year-to-date basis. As we can see, Barclays is performing better than its sector in the calendar year. Another stock in the Finance sector, BTCS Inc. (BTCS), has outperformed the sector so far this year. The stock's year-to-date return is 22.7%. The consensus estimate for BTCS Inc.'s current year EPS has increased 337.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Breaking things down more, Barclays is a member of the Banks - Foreign industry, which includes 66 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 21.5% this year, meaning that BCS is performing better in terms of year-to-date returns. In contrast, BTCS Inc. falls under the Financial - Miscellaneous Services industry. Currently, this industry has 88 stocks and is ranked #137. Since the beginning of the year, the industry has moved -5.9%. Barclays and BTCS Inc. could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS) : Free Stock Analysis Report BTCS Inc. (BTCS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Associated Press
20-05-2025
- Business
- Associated Press
BTCS Inc. Acquires 3,450 Ether (ETH) for $8.42M, Expanding Ethereum Holdings to 12,500 ETH
Silver Spring, Maryland--(Newsfile Corp. - May 20, 2025) - BTCS Inc. (NASDAQ: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, today announced the acquisition of 3,450 Ether (ETH) for approximately $8.42 million, using proceeds from recent financings. The purchases were made at an average price of $2,441 per ETH. As of May 16, 2025, BTCS holds approximately 12,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 38%. This growth contributed to the fair market value of the Company's total cryptocurrency holdings and cash reaching approximately $38.42 million, representing an 88% increase since the start Q2 2025. 'Ethereum remains at the core of our blockchain infrastructure strategy,' said Charles Allen, Chief Executive Officer of BTCS. 'By expanding our ETH position, we are strengthening the foundation that allows us to scale validator operations, grow staking revenue, and drive long-term value for shareholders.' About BTCS: BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting Forward-Looking Statements: Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws, including statements regarding investment opportunities from Ethereum, growing staking revenue, and driving long-term value for shareholders. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues (including, but not limited to, potential SEC enforcement actions, regulatory changes affecting DeFi protocols, and state regulatory requirements), cybersecurity risks, technological challenges, market adoption risks, changes in blockchain protocols, continued volatility in the cryptocurrency markets, smart contract risks, liquidation risks associated with DeFi borrowing, and other risks inherent to blockchain technology and cryptocurrency operations, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law. LinkedIn: Facebook: Email: [email protected] To view the source version of this press release, please visit
