BTCS Inc. (BTCS) Stock

BTCS Inc. (BTCS) is a Financials stock trading at $1.50 (as of 2026-08-21), with a market capitalization of $78.71M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BTCS Inc. operates in the digital asset and blockchain technology space, including running validator nodes for proof-of-stake blockchain networks. The company also provides a digital asset platform that enables users to review crypto portfolio holdings across multiple exchanges and blockchain networks.

Understand BTCS Inc.: how it makes money

BTCS Inc. secures proof-of-stake blockchain networks by operating validator nodes and runs a proprietary Digital Asset Platform that lets users evaluate their crypto portfolio holdings across multiple exchanges and chains, earning revenue from its blockchain infrastructure and decentralized finance activities.

The profit model is structurally tied to converting validator node operations and crypto platform activity into measurable revenue streams, since the latest-quarter revenue is shown as 0.0B across the provided revenue categories.

Revenue by segment (latest quarter)
BlockchainInfra	$0.0B
DeFi	$0.0B
BuilderPlus	$0.0B

Business quality (Weak): Latest quarter shows 0.0B revenue and 0.0B for all provided segment revenue candidates, while gross margin is reported (47.2%), and operating margin is not available, which limits visibility into how costs are translating into operating profit.

Bull case

Validator-node operations on proof-of-stake networks: BTCS operates validator nodes on various proof-of-stake based blockchain networks, which directly anchors its blockchain infrastructure business.
Proprietary cross-exchange, cross-chain portfolio platform: BTCS develops a Digital Asset Platform that allows users to evaluate their crypto portfolio holdings across multiple exchanges and chains on a single platform.
DeFi lending activity is present: The provided operating metric list includes Aave Stablecoin Loans of 0.04 USD_B.

Bear case

Reported revenue is 0.0B in the latest quarter: For the period 2026-03-31, BTCS reports revenue_b of 0.0, and the provided segment revenue candidates for Blockchain Infrastructure, Decentralized Finance, and Builder Plus are also 0.0B.
Limited operating-profit visibility: Operating margin is not available (null) in the provided financial facts, which makes it harder to assess how efficiently revenue converts into operating profit.
Crypto network metrics indicate operational dependence: The provided operating metrics include Ethereum transaction market share of 2.7% and Ethereum in staking queue of 4382, highlighting dependence on blockchain activity and staking dynamics.

Valuation — source: SEC EDGAR (first-party)
Price	$1.50
Market Cap	$78.71M
Price / Book	2.03
Price / Sales	4.73
Dividend Yield	3.8%
FCF Yield	-0.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$16.49M
Net Margin	-202.2%
Return on Equity	-319.3%
Current Ratio	2.06
Revenue Growth (YoY)	-11.8%
EPS Growth (YoY)	-488.9%

Valuation vs Sector & Industry
Sector P/E (Financials)	15.1
Industry P/E (Banking)	13.0

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($5.30M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Charles W. Allen
Employees	7
Country	US
IPO Date	2010-11-15

Related Companies (Business model: Crypto Exchange / Custody / Staking; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.