BTCS Inc. expands operations to Binance Chain amid revenue growth efforts

In Silver Spring, Maryland, on April 7, 2025, BTCS Inc., a company listed on NASDAQ under the ticker BTCS, announced a strategic expansion into block-building operations on the Binance Chain. This move is significant as Binance Chain ranks as the fifth-largest cryptocurrency, boasting a market capitalization that exceeded $80 billion as of April 3, 2025. The initiative signals the company's strong commitment to scalable revenue growth and marks a critical step in its ongoing evolution within the cryptocurrency landscape. Charles Allen, the CEO of BTCS, emphasized that extending Builder+ to support Binance Chain is a natural progression of their previously established infrastructure strategy focused on Ethereum. Given the fact that Binance Chain is a fork of Ethereum and is compatible with the Ethereum Virtual Machine (EVM), BTCS can utilize elements of its existing technology stack for a timely and effective scaling process. This expansion aims to align with the company's strategic goals of increasing revenue and improving profit margins, thus enhancing overall company performance. Builder+, the company’s branded block building operation, had already experienced notable revenue growth. In the fourth quarter of 2024, it generated approximately $2.3 million, which represented more than half of BTCS's total revenue for the year. The addition of Binance Chain into Builder+ is positioned as a means to drive even further revenue growth by strategically expanding operations across blockchain networks that share compatibility. BTCS's broader objective for 2025 includes reaching a revenue target of $20 million, as outlined during a previous Form 8-K filing on January 2, 2025. The initiative to incorporate Binance Chain is also set against a backdrop of the company's other ongoing strategies that together could significantly propel BTCS towards achieving its revenue target. The executives expressed confidence in this expansion and its potential to create value for shareholders. BTCS's skill set, honed through years of expertise in blockchain network operations—particularly in block building and validator node management—positions the firm well to navigate the evolving blockchain technologies and market demands. As they implement the expanded operations, they are also aware of the challenges inherent in integrating new elements, including regulatory considerations, technological hurdles, competition in the cryptocurrency space, and changes in the broader blockchain ecosystem.