Slide 1: Investor Presentation
Investor Presentation BTCS Inc. (Nasdaq: BTCS) August 2025 www.btcs.com 1
Slide 2: Safe Harbor
Safe Harbor This presentation contains statements, estimates, forecasts, and projections regarding future performance and events that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Those
Slide 3: Blockchain Technology Consensus Solutions (BTCS)
Blockchain Technology Consensus Solutions (BTCS) “With an unrivaled DeFi/TradFi financial model and vertically integrated operations, we believe that BTCS is the most sophisticated Ethereum play in public markets today.” - CEO Charles Allen Oldest public blockchain company, Only public blockchain co
Slide 4: Ethereum Blockchain Unlocks Exponential Value
Ethereum Blockchain Unlocks Exponential Value Ethereum is the world’s leading smart contract blockchain, powering decentralized applications, enabling permissionless innovation, and driving the tokenization of real-world assets Institutional Demand for ETH Stablecoin Market Cap Growth3 • Demand from
Slide 5: Public Markets – Ethereum Exposure
Public Markets – Ethereum Exposure Public market investors have multiple avenues to gain exposure to ETH, but not all ETH exposure is equal Exchange Traded Fund Digital Asset Treasury ETH 1:1 Yield Vertically Integrated Operations DeFi / TradFi Capital Formation BTCS is a publicly traded, Ethereum-f
Slide 6: DeFi/TradFi ETH Accretion Flywheel
DeFi/TradFi ETH Accretion Flywheel Most Sophisticated Public ETH Accumulation Strategy Share Appreciation Building blocks for Validators Grow ETH Generate Treasury Strategic Revenue & Capital Raise Drive Revenue Accumulate ETH Staking 6
Slide 7: DeFi / TradFi Flywheel: Generate Revenue
DeFi / TradFi Flywheel: Generate Revenue Earn ETH/revenue by staking Drive scalable revenue by building blocks Operate solo validator nodes Operate nodes for Rocket Pool for Validators Vertically integrate with Builder+ BTCS is positioned to capture Quarterly Revenue Growth substantial growth opport
Slide 8: Validator Node Operations and Block Building
Validator Node Operations Block Building Optimizing High Value Transactions Validator Nodes and Staking BTCS utilizes advanced algorithms that prioritize high BTCS "stakes" ETH as collateral to operate validator nodes value transactions within the blocks it builds, on the Ethereum blockchain. These
Slide 9: Operational Strategy: Grow Revenue and Improve Margins
Operational Strategy: Grow Revenue and Improve Margins Technological Improvements Increase High-Value Order Flow Control Block Space We continually invest in a powerful To grow scalable revenue through block BTCS gains a strategic advantage by combination of custom software and building. we’ve built
Slide 10: DeFi / TradFi Flywheel: Share Appreciation
DeFi / TradFi Flywheel: Share Appreciation 4 Year Market Cap and Price Growth1 $5.00 $250m $221m Market Cap Price $4.00 $200m $3.00 $150m $2.00 $100m BTCS strives to create long-term value for shareholders by $46m $1.00 $50m growing share price to increase $25m its market capitalization. $8m $- $0m
Slide 11: DeFi / TradFi Flywheel: Strategic Capital Raise
DeFi / TradFi Flywheel: Strategic Capital Raise DeFi Borrowing Strategy Increases ETH Exposure & Generates Positive Net Yield Illustration of DeFi Leveraged Economics1 Amount (m) 2 APY Earnings (m) ETH 2 BTCS puts up ETH as collateral $ 125 1.92%3 $ 2.40 38,400 BTCS borrows stablecoins (USDT $ (52)
Slide 12: DeFi / TradFi Flywheel: Accumulate ETH
DeFi / TradFi Flywheel: Accumulate ETH BTCS ETH KPIs $321 M FMV of ETH held 1 70,140 ETH owned 1 770% YTD ETH Growth 1 11th Largest ETH Reserve 2 BTCS Ethereum (ETH) Holdings BTCS continues to scale its ETH treasury 80,000 and grow revenue by: 60,000 • Converting strategically raised capital to ETH
Slide 13: Financial Highlights
Financial Highlights 6 Months 2025 FY 2024 FY 2023 Financial Position Total Assets $ 40,809,558 $ 38,245,000 $ 27,147,000 Total Liabilities ($ 9,739,393) ($ 4,245,000) ($ 1,337,000) Results of Operations Revenue $ 4,461,133 $ 4,074,000 $ 1,340,000 Costs of Revenues ($ 4,421,792) ($ 3,128,000) ($ 360
Slide 14: Cap Table
Cap Table Equity Instrument Outstanding(1) Fully Diluted(1) (2) Common Shares 48,052,778 48,052,778 Convertible Debt (Conversion Price = $5.85) 1,334,679 Convertible Debt (Conversion Price = $13.00) 773,078 Convert Warrants #1 (Exercise Price = $2.75, exp. 5/13/2030) 532,191 Convert Warrants #2 (Exe
Slide 15: Leadership Team & Board
Leadership Team & Board Leadership Team Charles Allen Michael Prevoznik Benjamin Hunter Eldari Gogiashvili Chief Executive Officer & Chief Financial Officer VP of Engineering Ethereum Team Lead Chairman of the Board Directors Charlie Lee Melanie Pump Ashley DeSimone Michal Handerhan Director Directo
Slide 16: Key Takeaways
Key Takeaways New entrants bring more attention and understanding to the space Regulatory tailwinds support Ethereum, stablecoins, and DeFi Most seasoned public company in the category Hallmark DeFi/TradFi flywheel delivers capital-efficient fundraising Vertically integrated operations with deep net
Slide 17: Investors Social Media Channels
Investors Social Media Channels ir@btcs.com www.twitter.com/NasdaqBTCS www.btcs.com www.linkedin.com/company/nasdaq-btcs www.btcs.com/investors/ www.youtube.com/c/BTCSInc www.btcs.com/news-media/ Discord: https://discord.gg/9vW5HkWBJG www.btcs.com/research-thought-leadership/ 17
Slide 18: Appendix
s2 BTCS Appendix
Slide 19: www.btcs.com/builder
www.btcs.com/builder 19
Slide 20: Basics of Transaction Flow on Ethereum
Basics of Transaction Flow on Ethereum Mempool: When a user initiates a transaction, it goes to the mempool, a Next temporary storage for pending transactions awaiting Confirmed confirmation and inclusion in a block. Transactions in the Mempool Builder Validator Block mempool are publicly accessible
Slide 21: Builders and Block Construction
Builders and Block Construction What is Builder+? Builder+ is our Ethereum block builder, which utilizes advanced algorithms to meticulously construct optimized blocks for on-chain validation designed to maximize revenue (MEV). Builders monitor the Ethereum transaction queue (mempool) for pending tr
Slide 22: Block Building on Ethereum
Block Building on Ethereum Acquire Block Space $ (Cost of Sales) Process: Builder+ strategically participates in the Proposer-Builder Separation (PBS) auction system, bidding to secure the right to populate the next block in the chain from the current validator. Block Space Validator Objective:
Slide 23: Ethereum Transaction Process Flow
Ethereum Transaction Process Flow * BTCS does not include transactions with addresses on OFAC’s Specially Designated Nationals and Blocked Persons list and certain other addresses 23
Slide 24: Blockchain Basics
«2 BTCS (5 Blockchain Basics
Slide 25: Blockchains Explained
Blockchains Explained A blockchain ledger is a distributed ledger maintained by a network of computer nodes that validate transactions. Traditional vs. Blockchain Systems How Blockchains Work Distributed ledgers allow for ownership of assets to be recorded through a Transaction (payment, contract, p
Slide 26: Blockchains Ushering in a New Era of Technology
Blockchains Ushering in a New Era of Technology The computer and internet age ushered in the digitization and proliferation of information on a global scale. Ethereum is ushering in an age of real-world asset tokenization and transfer without trusted intermediaries (banks, exchanges, etc.) Next-Gene
Slide 27: Next-Generation PoS Opportunity & Relative Comparison
Next-Generation PoS Opportunity & Relative Comparison Web 3 and transaction-based industries built on next-generation blockchain technologies represent a multi-trillion market opportunity. 1st Generation Blockchains Next-Generation Blockchains e.g. Ethereum Bitcoin and gold are storers of value. The
Slide 28: Traditional vs Decentralized Finance Example
Traditional vs Decentralized Finance Example Traditional Finance Decentralized Finance Built on Ethereum Built on Ethereum, Aave and other DeFi protocols solve inefficiencies in traditional finance by enabling instant, permissionless lending and borrowing. By replacing brick and mortar intermediarie
Slide 29: Ethereum By the Numbers
«2 BTCS ¢ Ethereum By the Numbers
Slide 30: Ethereum Statistics
Ethereum Statistics Ethereum (ETH) is the foundation of BTCS’s blockchain infrastructure strategy, with its unparalleled ecosystem and commitment to innovation aligning seamlessly with our vision for secure, scalable growth. Source: Beaconcha.in 30
Slide 31: Ethereum Compared to Legacy Store of Value Assets
Ethereum Compared to Legacy Store of Value Assets Electric Capital: https://electriccapital.substack.com/p/beyond-stablecoins-the-case-for-ethereum 31
Slide 32: ETH – Stablecoin Flywheel
ETH – Stablecoin Flywheel Electric Capital: https://electriccapital.substack.com/p/beyond-stablecoins-the-case-for-ethereum 32