---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-012844"
form_type: "8-K"
ticker: "BTCS"
cik: "0001436229"
company_name: "BTCS Inc."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:31:51.896680+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BTCS amends Series V Preferred Stock for 1:1 distribution to common shareholders

## Summary
- Series V amended to be non-convertible, perpetual, with 20% liquidation preference over common stock.
- Record date for Series V distribution: May 12, 2023; payment date: June 2, 2023.
- Distribution contingent on DTC-eligible CUSIP; applied for listing on Upstream exchange.
- Series V eligible for discretionary dividends up to 20% per annum, not available to common holders.
- Board retains right to cancel dividend at any time; distribution not guaranteed.

## SEC filing metadata
- accession: 0001493152-23-012844
- form_type: 8-K
- ticker: BTCS
- cik: 0001436229
- company_name: BTCS Inc.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436229/000149315223012844/0001493152-23-012844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436229/000149315223012844/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-012844
- JSON: https://secwatch.observer/filing/0001493152-23-012844.json
- Plain text: https://secwatch.observer/filing/0001493152-23-012844.txt

## Key facts
- Governance Changes
  BTCS Inc.: Filed a Certificate of Amendment to the Certificate of Designation for Series V Preferred Stock, changing convertibility, duration, liquidation preference, and dividend rights (effective 2023-04-17).
  - Change: charter amendment
  - Effective: 2023-04-17
  source text: On April 14, 2023, BTCS Inc. (the “Company”) filed a Certificate of Amendment to its Certificate of Designation (the “Amendment”) for its Series V Preferred Stock (the “Series V”) related to the previously announced dividend (the “Dividend”) payable in shares of Series V. The Amendment was accepted by the Secretary of State of the State of Nevada on April 17, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436229/000149315223012844/0001493152-23-012844-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.