Publicly traded bitcoin startup BTCS is planning to create a portfolio of digital assets, its CEO told shareholders in a new letter.
Publicly traded bitcoin miner BTCS, formerly known as Bitcoin Shop, has raised $1m in new funding, public records show.
Bitcoin mining firm BTCS has indicated there are concerns within the public company’s management about its ability to sustain operations.
BTCS Inc (formerly Bitcoin Shop) lost more money than it made during the first half of this year, according to a recent SEC filing.
Bitcoin Shop and Spondoolies-Tech have signed a deal that would find the two companies merging in a move that could impact bitcoin mining.
Bitcoin Shop's management are to work without pay for six months in a bid to slash costs.
CoinDesk speaks to CEO Charles Allen to debunk misconceptions about the company and its goals in the bitcoin space.
The new funding is the cryptocurrency-buying service's first since its formal launch earlier this year.