“This is a long-awaited moment for BTCS and our shareholders, as DTC’s grant of eligibility removes the final hurdle to issuing our long-awaited Series V dividend,” said BTCS CEO
Each share of Series V is intended to be listed on a securities exchange platform that utilizes blockchain technology to facilitate instantaneous trade settlement. We have applied to have our shares listed on Upstream exchange and are currently working through the application process. Upstream utilizes the Ethereum blockchain, which BTCS has been generating revenue securing since 2021.
Distribution: Entitled common share stockholder will receive Series V shares on a 1:1 basis
Ex-Date:
Record Date:
Payment Date:
Transfer Agent: Equity Stock Transfer
The Company has also launched a dedicated website page to provide detailed information on the Series V dividend, including a timeline and answers to frequently asked questions (FAQs) at: www.btcs.com/seriesv.
About BTCS:
Forward-Looking Statements:
Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws including statements regarding the potential distribution of Series V including its timing, and terms, listing on a securities exchange platform that utilizes blockchain technology as well as the perceived and anticipated benefits to shareholders and the financial markets in general of the Series V and blockchain technology. 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 current estimates and assumptions and are subject to various risks and uncertainties, including without limitation, the possibility that the Company does not proceed with the Series V distribution due to administrative, regulatory or other challenges, the Company’s broad discretion with respect to the Series V, possible trading volatility, pricing discrepancies or other negative characteristics of the exchange selected for trading, including unanticipated consequences resulting from being on the selected exchange, dilution, future regulatory issues, market or economic downturns or other adverse developments with respect to our business and the digital assets on which it depends, as well as risks set forth in the Company’s filings with the
Investor Relations:
ir@btcs.com
Source:
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