BTCS Inc., a blockchain technology-focused company, today announced that it has begun the application process to dual list its shares of common stock on Upstream, the trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).
BTCS has been a pioneer in the blockchain industry and has consistently demonstrated its commitment to innovation. The planned decision to dual list on Upstream is a natural extension of this commitment and reflects the company’s belief in both Ethereum and the potential of decentralized technologies to bring innovation to traditional financial markets.
“We are excited to take this step and join the growing number of companies that are leveraging the power of Ethereum to unlock new opportunities and reach new audiences,” said Charles Allen, CEO of BTCS. “Upstream represents the next generation of financial platforms, and we believe that dual-listing on this platform will help us to continue driving growth and value for our shareholders.”
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In addition to dual-listing on Upstream, BTCS is also an investor in Horizon, and has staked over 8,400 ETH on its 240 validator nodes on Ethereum’s blockchain, further demonstrating the Company’s commitment to utilizing decentralized technologies it supports.
“Ethereum’s blockchain technology enables fair markets by ensuring transparency and immutability of transactions,” continued Charles Allen. “Upstream is utilizing this technology to lead the charge in protecting and empowering both issuers and investors. We are pursuing BTCS’s dual-listing on the Ethereum blockchain as part of a broader effort to realize the true value of our stock.”
Approval to be listed on Upstream is subject to acceptance by MERJ. However, as an existing Nasdaq issuer, BTCS may be eligible for an expedited listing process.
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