Bitcoin Shop, Inc.
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Bitcoin Shop, Inc. - overview
Location
Silver Spring, MD, US
Primary Industry
Financial Services
About
Bitcoin Shop, Inc. is a blockchain technology company that provides infrastructure solutions for decentralized applications and cryptocurrency markets, focusing on high-performance services and data analytics to enhance blockchain efficiency. Bitcoin Shop, Inc. develops blockchain infrastructure solutions aimed at supporting decentralized applications and cryptocurrency markets.
The company is based in Silver Spring, US. Michal Handerhan is the founder, with Charles Allen serving as CEO. The company has undergone strategic pivots to adapt to the evolving blockchain landscape. BTCS Inc.
is a pioneer in blockchain technology, focusing on advanced infrastructure solutions tailored to the evolving landscape of decentralized applications and cryptocurrency markets. The company's core offerings include high-performance Ethereum block building services, validator node operations, and advanced on-chain data analytics through its ChainQ platform. These products enhance the efficiency of blockchain networks, enabling customers to optimize data processing, improve transaction speeds, and leverage decentralized finance opportunities. The primary client base consists of blockchain developers, e-commerce platforms, and financial institutions seeking to integrate robust blockchain solutions, targeting markets in the United States and Europe.
In the most recent year, 2023, BTCS generated a revenue of USD 1. 34 mn with an EBITDA of USD -13. 99 mn. The company generates revenue through subscription services and transactional fees associated with its blockchain infrastructure solutions, primarily engaging with clients through partnerships that subscribe to validator node and staking services.
Key offerings like the Builder+ service contribute to revenue generation as clients utilize these services for their operational needs.
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.btcs.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
Bitcoin Shop, Inc. - timeline of key events
Bitcoin Shop, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 38,214 | 506,190 | 355,212 | 4,480 | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | 1224.6% | (29.8%) | (98.7%) | - | - | - | - | - | - |
| EBITDA (USD) | (14,935,290) | (7,899,502) | (1,274,247) | (863,658) | (989,039) | (1,488,755) | (1,797,885) | - | - | - |
| Operating Income (USD) | (14,961,973) | (8,198,299) | (1,456,284) | (864,827) | (990,169) | (1,554,459) | (2,153,431) | - | - | - |
| Operating Margin | (39153.1%) | (1619.6%) | (410.0%) | (19304.2%) | - | - | - | - | - | - |
| % EBITDA Margin | (39083.3%) | (1560.6%) | (358.7%) | (19278.1%) | - | - | - | - | - | - |
| NET Income (USD) | (14,757,016) | (10,047,036) | (44,265,276) | (45,065,336) | (826,420) | (1,640,601) | (2,556,094) | - | - | - |
| % Net Margin | (38616.8%) | (1984.8%) | (12461.6%) | (1005922.7%) | - | - | - | - | - | - |
Bitcoin Shop, Inc. - employee data
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