BTCS Inc. (OTCPK:BTCS) announced that it has entered into a securities purchase agreement to issue series C-2 convertible preferred shares for gross proceeds of $1,100,000 on January 1, 2021. The transaction will include participation from David Garrity, director of the company, including Charles Allen and Michal Handerhan, executive officers and directors of the company. The preferred shares are convertible into common shares of the company at a fixed conversion price of $0.17 per share, upon the earlier of the four-year anniversary of the initial issuance date, or at the stock being listed on a national securities exchange.