BTCS Reports 1,327% Year-Over-Year Gain in Digital Assets

Digital Assets now valued at approximately $7 million, driven by additional investment and continued rally

Silver Spring, MD, Jan. 11, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, provides an update on its business and digital asset portfolio.  

Establishing positions in key digital assets is a core part of the Company’s business plan.  Through timely purchases of Bitcoin and Ethereum, BTCS has substantially grown its digital asset portfolio over the past 18-months. The table below summarizes the Company’s Digital Asset growth over the last six quarters:  

Digital Assets Held at Period End
Asset	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4
BTC	14.9	20.6	20.6	54.3	63.6	66.9
QoQ Change		38%	0%	163%	17%	5%
ETH	584.7	985.0	985.0	2,304.6	2,554.7	2,674.2
QoQ Change		68%	0%	134%	11%	5%

The Fair Market Value of the Company’s digital asset position increased 1,327% to $3.9 million in 12-months ended December 31, 2020. The table below, based on year-end prices of $29,325 per BTC and $739 per ETH, summarizes the Fair Market Value of the Company’s Digital Assets over the past six quarters:  

Fair Market Value of Digital Assets
Asset	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4
BTC	$123,733	$148,406	$132,831	$496,027	$685,331	$1,962,538
QoQ Change		20%	-10%	273%	38%	186%
YoY Change						1,222%
ETH	$105,175	$127,662	$131,582	$521,552	$909,478	$1,976,260
QoQ Change		21%	3%	296%	74%	117%
YoY Change						1,448%
Total	$228,908	$276,068	$264,413	$1,017,579	$1,594,809	$3,938,798
QoQ Change		21%	-4%	285%	57%	147%
YoY Change						1,327%

The Company believes Bitcoin, Ethereum, and certain other digital assets are a great store of value and can be an effective hedge against monetary debasement in the wake of multi-trillion-dollar economic bailouts. Bitcoin has rallied over 700% from its March 2020 low, which the Company believes is driven by institutional interest in digital assets, PayPal allowing its customers to buy and sell bitcoin through their platform, and a flight to safety during the ongoing COVID-19 pandemic and political turmoil. On January 8, 2021, the Company’s digital asset portfolio had a Fair Market Value of approximately $7 million, which includes $800,000 worth of digital assets purchased with the proceeds of management’s recent $1.1 million investment.