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2025-08-18
2025-08-18
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 18, 2025
BTCS
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-40792 |
|
90-1096644 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
9466
Georgia Avenue #124, Silver Spring, MD 20910
(Address
of Principal Executive Offices, and Zip Code)
(202)
430-6576
Registrant’s
Telephone Number, Including Area Code
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, $0.001
par value |
|
BTCS |
|
The
Nasdaq Stock Market
(The
Nasdaq Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
August 18, 2025, BTCS Inc. (the “Company”) announced the declaration of the dividend described below and issued a press release
relating to such events, a copy of which is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item
8.01 Other Events
On
August 1, 2025, the Board of Directors of the Company approved a dividend of $0.05 for each outstanding share of common stock (the “Common
Stock”) and Series V Preferred stock (the “Series V”), of the Company. The dividend is payable to holders of record
as of the close of business on September 26, 2025 (the “Record Date”). Shareholders are being provided the option to receive
proceeds of their Common Stock dividend payable in either cash (“Cash Dividend”) or Ethereum (“Ethereum Dividend”
or “Bividend”). The Series V will only be eligible to receive the Cash Dividend.
For
Common Stock shareholders to receive a Bividend, the shareholder must complete the opt-in agreement and transfer their shares to, and
have them recorded on, the Company’s transfer agent Equity Stock Transfer (“EST”) prior to the Record Date. Shareholders
who do not elect to receive a Bividend will receive a Cash Dividend and no action is required. For those shareholders who wish to receive
any portion of their dividend in Ethereum, the process is as follows:
|
● |
Shareholders must initiate
the process of electing to receive their Bividend by navigating to the Bividend website http://bividend.com/ and clicking “GET
YOUR BIVIDEND”. They will receive an email with further directions and a link to the Opt-In Agreement which must be completed
via DocuSign. |
|
|
|
|
● |
Shareholders must provide
a valid and accurate Ethereum Wallet Address as part of the Company’s Opt-In Agreement for the Company to transfer the Bividend. |
|
|
|
|
● |
Shareholders who wish to
receive the Bividend must complete the Opt-In Agreement and transfer their shares of BTCS Common Stock from their brokerage firm
to EST, by 4pm New York time on the Record Date. This is a requirement so the Company can locate and validate the shareholder’s
position in BTCS’ Common Stock and ascertain the Ethereum Wallet Address. |
|
|
|
|
● |
On the Record Date, the
number of Ethereum to be distributed to a shareholder’s Ethereum wallet on the dividend payment date is calculated as the dollar
value of the Cash Dividend the shareholder elected to receive in Ethereum, divided by the market closing price of Ethereum as reported
by Yahoo Finance on the Record Date. |
Shareholders
who initiate the process but do not complete all necessary actions prior to Record Date, will not be eligible to receive payment of the
Bividend and will instead receive a Cash Dividend.
In
addition to the ETH Dividend, the Company will also issue a one-time Loyalty Payment of $0.35 per share, exclusively to common stock
shareholders who both elect to receive the ETH Dividend and hold their shares with the Company’s transfer agent EST from the Record
Date through January 26, 2026 (the “Loyalty Payment”). The Loyalty Payment is payable solely in ETH, is designed to reward
long-term shareholders who demonstrate continued support for BTCS’s vision and strategy, and will only be paid to those shareholders
who both adhere to the holding period and correctly complete the Opt-In Agreement.
On
August 15, 2025, the Company’s compensation committee determined that the market capitalization vesting condition for certain previously
granted Long-Term Incentive awards had been satisfied. Under the applicable award agreements, the grants vested upon the Company maintaining
a market capitalization in excess of $150 million for 30 consecutive days.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
No. |
|
Exhibit |
|
|
|
99.1 |
|
Bividend Press Release |
99.2 |
|
Form of Opt-In Agreement |
104 |
|
Cover Page Interactive
Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
BTCS INC. |
|
|
|
Date: August 18, 2025 |
By: |
/s/
Charles W. Allen |
|
Name: |
Charles W. Allen |
|
Title: |
Chief Executive Officer |