BTCS Inc. Engages Baker McKenzie to Investigate German Exchange Listings
09 Febbraio 2023 - 2:00PM
BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain
technology-focused company, announced today that it has engaged
Baker McKenzie, specifically their Frankfurt Office, a renowned law
firm, to investigate the listing of its shares on five German stock
exchanges (Munich, Frankfurt, Stuttgart, Berlin, Tradegate) as well
as three other German trading venues. The move comes in response to
serious concerns raised by investors over the lack of transparency
and potentially detrimental effects on our share price on the
Nasdaq, our primary market.
Charles Allen, CEO of BTCS, emphasized the
Company's commitment to protecting its investors, particularly its
over 35,000 retail investors. “Shares with primary listings outside
the European Union (“EU”), including BTCS, are not protected by EU
Regulations on Short Selling, which prohibits, among other things,
naked short sales which would otherwise be illegal in both the
United States and EU.” Allen continued “Our goal is to ensure that
our securities trade in fair and transparent markets, and we are
taking all necessary steps to achieve that. We did not apply or
agree to have our shares traded on these exchanges, and we believe
it is important to take action to get delisted and address our
investors’ concerns.”
Baker McKenzie has been engaged to investigate
when and who listed BTCS on these exchanges, and provide assistance
in getting delisted from these exchanges. The Company is determined
to provide a resolution to this issue and maintain the trust and
protect its retail investors.
“Baker McKenzie is a global law firm with over
6,500 lawyers in more than 70 offices. For more than 70 years, they
have helped clients solve their most complex legal challenges and
achieve their business goals. With this level of experience and
expertise, they are uniquely positioned to help us investigate our
listing on these exchanges and provide assistance in getting
delisted.” continued Allen.
About BTCS:BTCS Inc. is a
Nasdaq listed company operating in the blockchain technology space
since 2014 and is one of the first U.S. publicly traded companies
with a primary focus on blockchain infrastructure and staking. BTCS
secures and operates validator nodes on disruptive next-generation
blockchain networks that power Web 3, earning native token rewards
by staking our proof-of-stake digital assets. “StakeSeeker” is
BTCS’ newly introduced proprietary Cryptocurrency Dashboard and
Staking-as-a-Service platform, developed to empower users to better
understand and grow their crypto holdings with innovative portfolio
analytics and a non-custodial process to earn staking rewards on
digital asset holdings. Users can easily link and monitor their
cryptocurrency portfolios across exchanges, wallets, validator
nodes, and other sources; and have access to a suite of data
analytic tools such as performance and reward tracking.
StakeSeeker’s Staking Hub allows users to earn rewards by
participating in network consensus mechanisms by staking and
delegating their cryptocurrencies to company-operated validator
nodes for a growing number of supported blockchains. As a
non-custodial validator operator, BTCS will receive a percentage of
token holders staking rewards generated as a validator node fee,
creating the potential opportunity for a highly scalable business
with limited additional costs. For more information visit:
www.btcs.com.
Investor Relations:ir@btcs.com
Public Relations: Mercy Chikowore m.chikowore@btcs.com
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