For the quarter ending 2026-03-31, BTCS had -$1,241,764 decrease in cash & cash equivalents over the period. -$1,741,764 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues | - | 12,030,451 | - | - |
| Validator Payments | - | 9,974,314 | - | - |
| Validator payments | - | 9,974,314 | - | - |
| Cloud and server hosting costs | - | 9,720 | - | - |
| Compensation costs | - | 53,809 | - | - |
| Third-party support costs | - | 24,666 | - | - |
| Receivable for capital shares sold | - | - | - | -156,299 |
| Gross profit | - | 879,072 | - | - |
| Builder payments (non-cash) | - | -6,184,055 | -3,813,936 | -4,301,615 |
| Total operating expenses | - | 17,292,304 | - | - |
| Blockchain network fees (non-cash) | - | -2,234 | -3,143 | -6,907 |
| Total other income (expenses) | - | -69,141,845 | - | - |
| Change in fair value of warrant liabilities | 0 | -855,713 | 647,663 | -59,850 |
| Net loss | -69,164,319 | -85,555,077 | 65,588,809 | -13,387,165 |
| Realized losses on crypto assets transactions | - | - | -4,407,773 | -4,159,908 |
| Change in unrealized (appreciation) depreciation of crypto assets | - | - | 73,724,881 | -5,737,661 |
| Depreciation expense | 1,537 | 1,374 | 915 | 1,778 |
| Stock-based compensation | 1,724,532 | -3,193,586 | 5,682 | 3,844,980 |
| Blockchain infrastructure revenue | 1,135,351 | 6,501,310 | 4,215,224 | 4,461,133 |
| Defi revenue | 1,012,026 | 575,133 | 726,843 | - |
| Blockchain-based payments settled in digital assets | 1,089,233 | - | - | - |
| Defi interest expense settled in digital assets | 474,879 | - | - | - |
| Purchase of non-productive crypto assets | - | - | 191,256 | - |
| Purchase of non-productive digital assets | - | 191,256 | - | - |
| Blockchain network fees | 368 | - | - | - |
| Impairment loss on non-fungible tokens | - | -149,566 | - | - |
| Amortization on debt discount and issuance costs | 810,848 | 742,606 | 603,431 | 150,963 |
| Loss on settlement of dividend payable | - | -52,793 | - | - |
| Realized losses on digital asset transactions | -29,293,946 | -8,184,469 | - | - |
| Loss on extinguishment of debt | - | -8,731 | - | - |
| Impairment loss on intangible digital assets | -209,921 | - | - | - |
| Stablecoins | 920,156 | -1,207,431 | -328,783 | 36,695 |
| Intangible digital assets | -419,842 | - | - | - |
| Prepaid expenses and other current assets | 108,080 | -8,671 | -73,516 | 164,284 |
| Accounts payable and accrued expenses | -20,870 | -48,310 | -15,772 | 32,163 |
| Accrued compensation | -505,939 | 4,173,277 | 430,607 | -3,286,074 |
| Accrued interest | 5,775 | 456,058 | -674,552 | -6,621 |
| Unrealized loss on digital assets | -35,685,176 | -15,713,307 | - | - |
| Net cash used in operating activities | -1,741,764 | -3,751,996 | -2,796,433 | -3,235,514 |
| Purchase of productive crypto assets for validating | - | - | 185,679,171 | 14,179,117 |
| Sale of productive crypto assets | - | - | 2,366,220 | 1,065,207 |
| Purchase of productive digital assets for validating | 0 | 201,348,417 | - | - |
| Purchase of investments | 0 | 100,000 | 150,000 | 250,000 |
| Purchase of property and equipment | 0 | 4,737 | 4,576 | 3,446 |
| Sale of property and equipment | 0 | 0 | 0 | 1,750 |
| Dividend distributions | - | 2,679,994 | - | - |
| Sale of productive digital assets | 18,221,577 | 4,362,106 | - | - |
| Payments for shares repurchased | - | 1,000,000 | 3,000,000 | - |
| Net cash provided by (used in) investing activities | 18,221,577 | -664,187 | -183,467,527 | -13,365,606 |
| Proceeds from issuance of convertible notes, net | - | 0 | 9,537,500 | 7,306,000 |
| Payments to defi borrowing | - | - | 0 | 1,447,000 |
| Net proceeds from issuance common stock/ at-the-market offering | 0 | 0 | 131,081,757 | 4,079,085 |
| Proceeds from defi borrowing | 500,000 | 65,000,000 | 52,500,000 | 5,447,000 |
| Payments on defi borrowing | 18,221,577 | 61,455,731 | - | - |
| Payments of debt issuance costs | - | 0 | 8,435 | 122,554 |
| Proceeds from disgorgement of stockholders short-swing profits | - | 145,252 | - | - |
| Net cash (used in) provided by financing activities | -17,721,577 | 1,456,527 | 190,110,822 | 15,262,531 |
| Net decrease in cash | -1,241,764 | -2,959,656 | 3,846,862 | -1,338,589 |
| Cash, beginning of period | 1,526,395 | 4,486,051 | 1,977,778 | - |
| Cash, end of period | 284,631 | 1,526,395 | 4,486,051 | - |
BTCS Inc. (BTCS)
BTCS Inc. (BTCS)