Silver Spring, Maryland -
Newsfile Corp. - February 25, 2025 -
BTCS Inc.
(NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain
infrastructure and technology, is pleased to announce a strategic
partnership with
ETHGas, where BTCS will serve as a Priority Builder. As part of this collaboration, BTCS also made a $250,000 investment into
ETHGas.
This partnership and investment aligns with BTCS's strategy to not only
increase its market share but also expand the overall market size. This
initiative is intended to unlock ultra-low-latency scaling on
Ethereum's blockchain, enabling transaction confirmations approximately
100 times faster than Solana.
The ETHGas investment was structured as a SAFT (Simple Agreement for
Future Tokens) and designates BTCS as a Priority Builder. This exclusive
role is granted to builders with proven expertise in low-latency block
construction and robust order flow capabilities. As a Priority Builder,
BTCS is strategically positioned to expand its influence over blockspace
and grow its market share.
"As a pioneer in blockchain infrastructure and digital asset
innovation, BTCS is thrilled to partner with ETHGas to expand the
overall market of fee-based products, to drive revenue for BTCS while
helping make Ethereum transactions more efficient and cost-effective for
the ecosystem," said Charles Allen, CEO of BTCS.
"Our investment in ETHGas aligns with our strategy to drive scalable
revenue growth and improve margins by expanding order flow, refining our
tech stack, and controlling block space. Our planned ETHGas integration
should help achieve this goal by increasing both order flow and block
space."
Cannot view this video' Visit:
https://www.youtube.com/watch'v=GPdYx3gQYQE
ETHGas re-engineers the Ethereum pipeline for block construction
enabling Validators to sell blockspace in advance of the spot block
auction. On one side of the marketplace, ETHGas provides certainty to
Validators, and on the other side, it provides an array of precision
order execution products for end-users, like traders, to customize their
access to blockspace. By enabling 3 millisecond blockspace
confirmations and instruments to hedge gas price volatility, ETHGas
creates a real-time, gasless Ethereum, where the handling and trading of
gas is largely relegated to the background among institutional players.
ETHGas has partnered with builders representing over 90% of the market,
and is working with the majority of validators to ensure broad network
participation and adoption.
ETHGas Founder Kevin Lepsoe expressed enthusiasm, stating, "
BTCS's
partnership validates our mission to open up and democratize access to
blockspace. This collaboration helps pave the way for a much faster,
more efficient Ethereum enabling transaction costs or 'gas prices' to be
risk-managed within a traditional commodity risk-management framework." He continued, "
Together
with BTCS, we enhance accessibility, in particular, to global Asset
Managers as they look to scale their ETH and Staked ETH Fund offerings."
About BTCS:
BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure
technology company currently focused on driving scalable revenue growth
through its blockchain infrastructure operations. BTCS has honed its
expertise in blockchain network operations, particularly in block
building and validator node management. Its branded block-building
operation, Builder+, leverages advanced algorithms to optimize block
construction for on-chain validation, thus maximizing gas fee revenues.
BTCS also supports other blockchain networks by operating validator
nodes and staking its crypto assets across multiple proof-of-stake
networks, allowing crypto holders to delegate assets to BTCS-managed
nodes. In addition, the Company has developed ChainQ, an AI-powered
blockchain data analytics platform, which enhances user access and
engagement within the blockchain ecosystem. Committed to innovation and
adaptability, BTCS is strategically positioned to expand its blockchain
operations and infrastructure beyond Ethereum as the ecosystem evolves.
Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.
For more information follow us on:
Twitter:
https://x.com/NasdaqBTCS
LinkedIn:
https://www.linkedin.com/company/nasdaq-btcs
Facebook:
https://www.facebook.com/NasdaqBTCS
About ETHGas
ETHGas is a blockchain technology company dedicated to
institutionalizing Ethereum's gas markets through low latency
infrastructure, and a broad suite of risk management instruments. By
providing structure to the gas markets, ETHGas brings certainty and
predictability to validators, block builders, traders, decentralized
applications (DApps) and scalability to Ethereum at large. The ETHGas
Protocol Token (GASS) serves as a key component of the ecosystem
providing governance to the broad set of participants that interact with
blockspace on Ethereum.
For more information, visit
www.ethgas.com.
The information contained on, or accessible through, this website is
not incorporated by reference into this press release, and you should
not consider it part of this press release.
Forward-Looking Statements:
Certain statements in this press release constitute "forward-looking
statements" within the meaning of the federal securities laws, including
statements regarding our ability to grow market share, drive revenue,
increasing both order flow and block space and improve margins by
expanding order flow. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue," "predict,"
"forecast," "project," "plan," "intend" or similar expressions, or
statements regarding intent, belief, or current expectations, are
forward-looking statements. While the Company believes these
forward-looking statements are reasonable, undue reliance should not be
placed on any such forward-looking statements, which are based on
information available to us on the date of this release. These
forward-looking statements are based upon assumptions and are subject to
various risks and uncertainties, including without limitation
regulatory issues, cybersecurity risks, technological challenges, market
adoption risks, competition, changes in blockchain protocols,
unexpected issues with Builder+ or ChainQ, the reluctance of validators
to utilize our Builder+ product, volatility in cryptocurrency markets,
and other risks inherent to blockchain technology and cryptocurrency
operations, as well as risks set forth in the Company's filings with the
Securities and Exchange Commission including its Form 10-K for the year
ended December 31, 2023 which was filed on March 21, 2024. Thus, actual
results could be materially different. The Company expressly disclaims
any obligation to update or alter statements, whether as a result of new
information, future events, or otherwise, except as required by law.
BTCS Investor Relations:
Charles Allen – CEO
X (formerly Twitter):
@Charles_BTCS
Email:
ir@btcs.com
ETHGas Public Relations:
Kevin Lepsoe – Founder
X (formerly Twitter)
@lepsoe
Email:
ir@ethgas.com