Shareholder Letter Reflecting on 2024 and Outlook for 2025
January 7, 2025
Dear Shareholders,
As we step into 2025, I’m thrilled to highlight BTCS’s transformative progress and our ambitious vision for the future. The past year marked a turning point: we strengthened our foundation, onboarded top-tier talent, and successfully navigated SEC inquiries—hurdles now firmly in the rearview mirror.
Our foresight in the crypto space traces back to 2014, when BTCS became the first public company to mine Bitcoin. Despite a 72% price crash in 2015 that paused our mining operations, our resilience paved the way for pioneering moves—like launching a digital asset treasury in 2017, years before industry giants followed. Today, our vertically integrated Ethereum block-building and validation model unlocks unparalleled growth, merging direct crypto exposure with capital-efficient scalability. We’re now the sole pure-play public company focused on Ethereum infrastructure, poised to redefine blockchain’s next chapter.
By the Numbers: 2024 Milestones
While audited figures await completion, our unaudited 2024 revenue exceeded $3.7 million—a 177% surge from 2023—triggering performance-based executive bonuses. For 2025, we’ve set tiered revenue targets:
- Threshold: $4 million
- Target: $8 million
- Cutoff: $20 million
👉 Explore our 8-K filing for details
Our goal? Smash the $20 million ceiling, fueling sustainable growth and shareholder value.
Looking Ahead: 2025 Strategy
- Ethereum Leadership: Expand our block-building dominance, leveraging low-capital constraints and high-margin potential.
- Shareholder Engagement: We’ll ramp up social media presence (@Charles_BTCS, @Nasdaq_BTCS) to connect beyond SEC filings.
- Short-Seller Defense: Recall our 2023 call to action—move shares to cash accounts to curb broker-lending practices that aid short sellers.
FAQ Section
Q: How does BTCS’s Ethereum strategy differ from Bitcoin mining?
A: Unlike hardware-heavy mining, our block-building model requires minimal capex, offering scalable revenue with direct crypto exposure.
Q: What drove the 177% revenue jump in 2024?
A: Successful block-building operations and strategic team expansions fueled this growth, surpassing performance benchmarks.
Q: How can shareholders support BTCS’s stock performance?
A: Transfer shares to cash accounts to prevent brokers from lending them to short sellers—a collective move could significantly impact demand.
Forward-Looking Statements:
This letter contains projections about SEC resolutions, Ethereum’s growth potential, and revenue targets. Risks include regulatory shifts, operational challenges with Builder+/ChainQ, and market volatility. For full disclosures, review our SEC filings.
👉 Stay updated on our blockchain innovations
Thank you for backing BTCS as we pioneer the future of blockchain infrastructure.
Charles Allen
CEO, BTCS Inc.
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