BTCS to Start Nasdaq Trading

BTCS will start trading on the Nasdaq on Tuesday, the blockchain technology and infrastructure company announced Monday.

• The company said that it would trade under the BTCS symbol.
• In a press release, BTCS CEO Charles Allen called the announcement a “significant milestone and evolution of BTCS.”
• “We have refined our strategy to create significant growth in shareholder value. Now with a Nasdaq listing imminent, we are positioned to accelerate the execution of our strategy as we focus on expanding and growing our operations in the burgeoning blockchain space,” he said.
• The company noted that it had made “timely purchases of bitcoin, ethereum, and other cryptocurrencies” during the first half of this year and has “substantially grown its digital assets” over the last year.
• As of Sept. 10, BTCS’s digital asset holdings held a fair market value of about $33 million, the company said.