BTCS Inc. (OTCQB: BTCS) is one of the first U.S. publicly traded companies focused on digital assets and blockchain technologies. The company defines itself as an early mover in the blockchain and digital currency ecosystems. With over six years of experience, BTCS has been developing a deep understanding of the industry and creating strategic relationships with key players in the blockchain industry, gaining invaluable insight and knowledge in the process.
The Business Plan
The company’s business plan aims to expand and diversify its existing portfolio of digital assets to provide investors with indirect ownership of digital assets that are not qualified as securities.
They’re also developing a digital asset data analytics platform aimed at providing crucial information to users. This platform is being designed to provide tracking of multiple exchanges and wallets to aggregate portfolio holdings into a single platform to view and analyze performance, risk metrics, and potential tax implications. Additionally, the company is seeking acquisition opportunities in the blockchain space.
How Will They Do It
BTCS has been in the blockchain field for quite some time now. The company plans to leverage its sector knowledge, taking advantage of its close relationships with blockchain industry leaders and entrepreneurs, its deep understanding of the regulatory environment, and seek to capitalize on emerging ideas and technologies within the blockchain sector. BTCS has an experienced team with a track record of negotiating and closing deals, placing the company in an ideal position to identify and capitalize on potential future merger opportunities.
The company plans to expand and diversify its digital assets with a focus on key protocol layer verticals such as smart contracts, storage, and IoT. Unlike the Internet, where the protocol layer (TCP/IP, HTTP, etc.) could not be directly invested in, the application layer (Google, Amazon, etc.) was the only investable option and where tremendous wealth was created. With blockchains, investment exposure to the protocol layer is attainable, and the company believes the protocol layer will grow faster with less risk than any single application built on top of it. Applications built on top of the protocol layer are more akin to startups, with high failure rates, however as the number of applications built on a protocol layer grows, the value of the underlying protocol should increase even if any single application ultimately succeeds or fails.
There are currently more than 250 digital asset exchanges globally and 27 in the U.S., the majority of which lack detailed performance metrics. Further, complicating performance tracking for digital asset participants is the fact that many participants hold assets on multiple exchanges and wallets. BTCS data analytics platform is being designed and built to provide a solution to this growing problem, allowing users to aggregate data related to their digital asset holdings in near real-time in a single view combined with a suite of tools for performance tracking. In addition to performance metrics and aggregation of digital asset holdings, BTCS’ innovative platform solution is being designed with a community focus that will allow users to share their trade history with other platform users. Community participants will be able to choose to provide their performance and trade data to other users for free or share on a user-selected subscription-fee basis. BTCS’ longer-term plan includes taking a percentage, yet-to-be-determined, of this fee, potentially generating a new revenue stream.
BTCS is one of only a limited number of established public companies focused on blockchain technology and plans to leverage its public listing and close relationships with blockchain industry leaders and entrepreneurs to seek compelling acquisition targets. BTCS’ team has a proven record of navigating regulatory environments, identifying emerging themes in the industry, and negotiating and closing deals, placing them in an ideal position to capitalize on future opportunities.
Blockchain tech is set to become one of the most important technologies of this decade, with major corporations from different industries already adapting it at some level. That’s why BTCS plans on leveraging its position to offer investors the opportunity to obtain indirect exposure to digital assets. If you wish to learn more about BTCS, please visit their website.