Has BTCS Stock Risen Extended Session For A Reason?


After-hours trading for BTCS Inc. (NASDAQ: BTCS) shares increased 8.73% to $1.37 at the time of our latest check.

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What recent events took place at BTCS?

On Tuesday, October 25, 2022, BTCS Inc. (BTCS) Chairman and CEO Charles Allen sponsored an Ask Me Anything (“AMA”). A company update on the Staking-as-a-Service Platform and current corporate activities was given by Charles Allen.

During the 60-minute session, BTCS invited participants to submit questions. Shortly after Charles Allen answers as many questions as he can during the live session, a replay becomes accessible. Being able to participate and interact with its investors, partners, and clients directly were made possible by the fact that it was Allen’s first-ever AMA on Twitter.

A strategic move by BTCS:

A $100,000 strategic investment was made by BTCS in GlobexUS Holdings Corp., the parent company of Horizon Globex GmbH, the Upstream exchange’s technical partner and joint venture partner. The first securities exchange and trading app based on Ethereum’s blockchain and run under a securities exchange license and rules is Upstream, a MERJ Exchange market, which is a member of the World Federation of Exchanges.

BTCS’s investment in the company that powers Upstream’s cutting-edge trading app and on-chain order book demonstrates the company’s firm trust in the effectiveness and expanded use cases of blockchain technologies. For businesses like BTCS, Upstream’s market opens up the possibility of tokenizing and listing their securities for trade on a next-generation exchange.

Upstream should give businesses direct access to a worldwide community of crypto-savvy, mobile-first investors that value a genuine web3 experience. The inconvenience that BTCS shareholders experienced with its Dividend may be lessened by Upstream’s technology, which also enables a faster in-app proxy voting procedure and the option to transfer digital dividends straight to a holder’s wallet through its app.

How did BTCS continue to involve in blockchain?

BTCS has been a leader among American public firms in the blockchain industry for the past eight years, and Ethereum continues to be the foundation of its largest digital asset holding, for which it presently manages 240 validator nodes with more than 8,400 ETH staked. As a supplier of infrastructure, BTCS’ investment in a layer 2 application based on Ethereum not only exemplifies the strength of blockchains but also the possibilities of BTCS’ future.


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