BTCS reports $26.7M crypto/cash, expects FY23 net income >$6M on early adopt of FASB fair value rule

BTCS Inc.

Fair value of crypto and cash $26.7M as of Dec 31, 2023 (up 82% YoY); crypto $25.2M, cash $1.5M.
Anticipates net income >$6M and EPS >$0.40 for FY 2023 through early adoption of new FASB fair value accounting rules.
Plans to launch Builder+ (Ethereum block builder) and ChainQ (AI blockchain data platform) in 2024.
Exploring non-custodial Ethereum staking on StakeSeeker to diversify revenue.
Highlights strategic cost-cutting in 2023, avoiding toxic funding structures.

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