On Monday, the Blockchain company BTCS revealed it would begin trading on the Nasdaq Capital Market from Tuesday. BTCS’ common stock will trade under the symbol of ‘BTCS’.
BTCS Joins Nasdaq
CEO of BTCS, Charles Allen, expressed excitement citing this event as a big achievement for the company. BTCS is the first Pure Play public in the US that focuses on crypto-assets and Blockchain technologies. They were one of the first players in the crypto and blockchain ecosystems. With the new Nasdaq listing, BTCS can expand and grow its operations to make a mark on the highly competitive Blockchain sector.
In the first half of 2021, BTCS amassed $453 thousand in revenues. They achieved this by the timely purchase of top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). BTCS has increased its stock of digital assets. Currently, the FMV (Fair Market Value) of BTCS’ crypto asset holdings is around $33 million.
Recent Accomplishments of BTCS
BTCS is rapidly expanding its Blockchain infrastructure operations. They launched PoS (Proof of Stake) on platforms like Cardano, Ethereum 2.0 and Tezos. The consensus algorithms of PoS are environmental-friendly, compared to the PoW (Proof of Work) mechanisms of consensus.
The company has bolstered its management team and expanded its board of directors. New board members include Charlie Lee, the founder of Litecoin, and Carol Van Cleef, a lawyer and renowned authority on the legal issues in Blockchain technology.
They are also developing a Crypto Asset Analytics Platform. A beta launch for selected members of the public is said to happen in the third quarter of 2021.