BTCS Inc. (OTCMKTS:BTCS) Files An 8-K Other Events
ITEM 8.01 Other Events.
On January 30, 2017, BTCS Inc. (the Company) received 24,000,000
shares of Common Stock for cancelation for no consideration (the
Escrow Shares). The Escrow Shares were placed in escrow by
Charles Allen our Chief Executive Officer, Chief Financial
Officer and Chairman, and Michal Handerhan, our Chief Operating
Officer and corporate secretary (collectively, the Principal
Stockholders) a securities escrow agreement dated February 19,
2016 (the Securities Escrow Agreement).
to the Securities Escrow Agreement and for the benefit of the
Companys public shareholders the Principal Stockholders
voluntarily agreed to place stock certificates representing the
Escrow Shares into escrow. The Company failed to list the
Companys Common Stock on a national securities exchange on or
before December 31, 2016 and failed to consummated the merger
with Spondoolies-Tech Ltd. on or before December 31, 2016. The
escrow agent returned the shares to the Company for cancelation
for no consideration.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. The following exhibits are filed
with this Report:
| Exhibit Number | Description | |
About BTCS Inc. (OTCMKTS:BTCS)
BTCS Inc., formerly Bitcoin Shop, Inc., is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using digital currencies, including bitcoin and with operations in the blockchain and digital currency ecosystems. The Company operates a beta e-commerce marketplace, which accepts a range of digital currencies, have designed a beta secure digital currency storage solution BTCS Wallet. The Company’s transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers. The ASIC servers solve a set of prescribed mathematical calculations in order to add a block to the blockchain and thereby confirm bitcoin transactions. The Company’s beta e-commerce marketplace offers approximately 250,000 curated products and utilizes its Intelligent Shopping Engine to find competitive prices on products from over 250 retailers. BTCS Inc. (OTCMKTS:BTCS) Recent Trading Information
BTCS Inc. (OTCMKTS:BTCS) closed its last trading session down -0.00020 at 0.00220 with shares trading hands.
