Investor Presentation

BTCS Inc. (Nasdaq: BTCS)

July 2024

www.btcs.com
www.btcs.com/builder
www.chainq.com
www.stakeseeker.com 1
 Safe Harbor

The following presentation contains statements, estimates, forecasts, and projections regarding future performance and events, which constitute forward-looking statements. Those
statements include statements regarding the intent and belief or current expectations of BTCS and its management team regarding our blockchain infrastructure operations
business, growth of our scalable business, predictability of our revenue and earnings stream from our operations, planned continued expansions including for ChainQ, market and
growth opportunities for StakeSeeker our staking-as-a-service platform (“SaaS”), and Builder+ our block builder, Builder+ revenue opportunities, plans regarding securing other proof
of stake blockchains, and the potential opportunity of scalable revenue and business growth with limited additional costs. These statements may be identified by the use of words
like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “should,” and “seek,” and similar expressions and include any financial projections or estimates or pro
forma financial information set forth herein. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks
and uncertainties and that actual results may differ materially from those projected in the forward-looking statements. Important factors that could cause actual results to differ
materially from our expectations include, without limitation, regulatory issues, the rewards and costs associated with validating transactions on proof-of-stake blockchains,
unexpected issues with our product offerings, the reluctance of users to use our products, a significant decrease in the value of our crypto asset holdings, and our rewards while
locked up, loss or theft of the private withdrawal keys resulting in the complete loss of our crypto assets and reward, as well as those risks detailed in our filings with the SEC,
including our Form 10-K filed with the SEC on March 31, 2023. The increasing risk of legislation or regulation arising from custodial platforms that may help protect investors presents
many unknowns to our business and may increase costs. Neither BTCS nor any of its affiliates undertake any obligation to update any forward-looking statements for any reason,
even if new information becomes available or other events occur in the future.

Summaries of documents contained herein and in our filings with the SEC may not be complete and are qualified in their entirety by reference to the complete text of such
documents. In making an investment decision, you must rely on your own examination of these documents and such additional due diligence as you deem appropriate. We have not
authorized any other person to provide you with information that is different from the information contained in our filings with the SEC. If anyone provides you with different or
inconsistent information, you should not rely on it.

Our filings with the SEC are available to the public on, and may be reviewed at, the SEC’s website (www.sec.gov) and on BTCS’s website (www.btcs.com ). The content on our website
is not incorporated into this presentation.

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 BTCS Business Model
Driving scalable growth through a diverse range of business lines leveraging and built on top of our core
and proven blockchain infrastructure operations.

AI Powered Blockchain Analytics Ethereum Block Building Cryptocurrency Dashboard and

Non-Custodial Staking-as-a-Service

StakeSeeker
Platform

Blockchain Infrastructure, our core foundation, has a predictable revenue stream and
earnings potential.

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 BTCS Value Proposition
Our strategy focuses on driving scalable growth of our staking-as-a-service and Ethereum block building
operations. Leveraging our expanding blockchain infrastructure and industry experience, we are able to
operate and develop cutting edge solutions for rapidly advancing blockchain technologies.

High growth and Nasdaq listed Dedicated team with Low public float,
scalable business deep industry and Debt Free
model capital markets 32% Insider Ownership*
experience

FY 2023 Q1 2024
Total Assets $ 27.1 million $ 39.5 million
Financial
Revenue $ 1,340,000 $ 386,000
Highlights
Gross Margin 73% 75%

Crypto Assets 17 tokens held (71% ETH) 17 tokens held (74% ETH)

* Insider ownership as of June 30, 2024 4

 Blockchain – Crypto Exposure Options
BTCS offers investors the opportunity to gain exposure to crypto markets with a focus on next-
generation blockchains powering Web 3 and the growth of NFTs, DeFi, and the Metaverse.

1. Direct Crypto Ownership 2. VC & Private Investments

• Digital Currency (e.g.

Bitcoin) serves as
Proof of work 11 ETFs 39+
digital store of value
• Capital Intensive Hardware (Bitcoin) Options
with no Residual Value
1st Generation • Proof-of-Work • High Energy Consumption 25+
Blockchains (“PoW”) Mining
• Increasingly Centralized Options

Focus Overview Business Model Investment Options

3. Public Proof of Stake
Companies • Infrastructure
powering
• Highly Scalable, Hardware-Lite 4
• Web 3, NFTs, DeFi,
• Higher Transaction Options
Throughput
and the Metaverse
Next-Generation
Blockchains • Proof-of-Stake
• Environmentally Friendly (ESG) 2
Staking • More Decentralized Options
(Primarily an exchange)

The above data was prepared by BTCS and reflects solely the opinion of BTCS and its management. While we believe the information to be accurate, there may be more exposure options available, and business models may change.
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6
 BTCS Core Infrastructure

PROOF-OF-STAKE OPERATIONS REVENUE

BTCS secures disruptive next- BTCS operates and maintains BTCS earns revenue by staking our crypto
generation Proof-of-Stake validator nodes 24/7 on various assets, securing blockchain networks, and
blockchains that power DeFi, NFT, networks. participating in network consensus
and Metaverse ecosystems. mechanisms by validating transactions.

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 Blockchain Networks Secured by BTCS
Our current blockchain infrastructure operations are comprised of the networks described below.
Our expansion strategy involves the evaluation of high-utility blockchains that can be supported
on the StakeSeeker platform.

BTCS Blockchains Networks

ETHEREUM COSMOS SOLANA AVALANCHE

Leading smart contract “The internet of High speed network for Fast, low cost
layer-one decentralized blockchains” dApp development and open-source
platform. ecosystem for scalability. platform for dApps.
interoperability.

POLKADOT AXIE INFINITY POLYGON AKASH

Enables multiple NFT based Building and connecting Decentralized
networks to operate online gaming. Ethereum - compatible cloud computing
together seamlessly. blockchain networks. marketplace.

KUSAMA KAVA NEAR TEZOS

Scalable network for Lightning-fast Developer and Self-upgradable,
early stage Polkadot network connecting user-friendly dApp security-focused, and
deployments. Cosmos and platform. energy-efficient.
Ethereum.

OASIS MINA EVMOS

Privacy-enabled Extremely Interoperable blockchain
scalable blockchain lightweight for cross-chain dApp
network for DeFi. blockchain. development.

For more details on each respective blockchain, visit our website at www.btcs.com 8
https://chainq.com/ 9
ChainQ provides a simple way for crypto holders to access otherwise hard-to-obtain blockchain data, similar to Bloomberg for
financial research or Westlaw for legal research. ChainQ utilizes cutting-edge generative AI and advanced customized search
functionalities and provides efficient querying of indexed on-chain data.

What is ChainQ?
• ChainQ is an AI driven blockchain analytics platform designed
to revolutionize the exploration of blockchain data.

• Through comprehensive indexing of public blockchain data,

ChainQ provides a straightforward method for users to query
and analyze on-chain blockchain data.

• With its intuitive interface and powerful features, including a

simple UI, personalized search functionality, and insightful
visualizations, ChainQ empowers users to explore, organize
and understand blockchain data.

ChainQ is currently available in beta with support for the Cosmos (ATOM) blockchain network. Additional blockchain
network integrations are planned for the future based on market opportunity.

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 Why is BTCS Launching ChainQ?
ChainQ leverages indexed data from BTCS's blockchain infrastructure operations to provide access to otherwise hard-to-
access blockchain data which would not be accessible via Google searches or ChatGPT.

Highly ChainQ offers the potential for a highly scalable software-as-

Scalable a-service platform.

Large and Growing Targeting an addressable market of 580 million global crypto
Addressable Market users which grew by 34% in 2023.*

Traditional blockchain explorers offer cumbersome

Limited AI Based
navigation, while ChainQ leverages powerful AI and a simple
Competition
graphical user interface (GUI).

* Crypto.com January 22, 2024 annual Crypto Market Sizing Report.

The views expressed herein reflect solely the opinion of BTCS and its management.
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Featured Highlights
AI-Powered Queries
The user-friendly search bar enables users to ask questions in
natural language.

Advanced Customized Searching

The advanced customized search feature goes beyond typical
blockchain explorers. By specifying criteria such as date ranges,
transaction wallets, transaction amounts, and more. Users can
conduct precise searches tailored to their research needs.

Intuitive Visualizations
Display query results in intuitive charts and graphs.

Saved Searches
Saved searches give users quick access to previous queries.

Export Results
Export data in CSV and PNG formats.

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www.btcs.com/builder
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 Market Opportunity - Ethereum Block Builders
The Ethereum block-building market represents a critical component of validator reward distribution. The current
builder market is dominated by a small number of network participants.

Market Concentration(1)
Market poised for growth primarily through:
Other Builders
1) Price appreciation
$95M, 9.7%
2) Increasing transactions on the network (utility)

Estimated Annual MEV Payments

Distributed to All Validators $968 m(2)
4 Largest Builders
Total Ethereum blocks
built using a builder 92%(3)
$873M, 90.3%

Current builder market ripe for a new

compliant entrant to gain market share.

This slide reflects solely the opinion of BTCS and its management. The illustrative chart represents the distribution of market share of Ethereum block builders.
Sources: (1) Rated.network ranging from 12/18/2023 – 1 /18/2024. (2) Mevboost.pics ranging from 12/1/2022-12/1/2023 using a $3,300 ETH price. (3) Mevboost.pic 12/18/2023
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 What is Builder+? Chronological Order vs. MEV Optimized Block

• Builder+ is our newly developed Ethereum

block builder, which utilizes advanced Chronological Order
#1
algorithms to meticulously construct optimized Total Fees:
blocks for on-chain validation designed to #2
maximize revenue (MEV).
#3
• Builders monitor the Ethereum transaction #4
queue (mempool) for pending transactions and
reorder them strategically to create an #5
``optimized block`` that contains transactions
with the highest fees. #6 MEV Optimized Order
Total Fees:
• Builders pay a fee to purchase rights to block Transaction
space from a validator and earn the transaction Queue
fees associated with the transactions in the
selected block.

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How builders add value to Ethereum’s blockchain

Increase Validator Incentives Enhances Decentralization

Builders boost validator incentives by Builders promote decentralization by
simplifying the process of capturing MEV reducing the technical barriers for
rewards associated with proposed validators to maximize rewards, ensuring
blocks, making participation in the a broader and more diverse set of
network more lucrative and competitive. participants in the network, and reducing
risks of censorship by separating the
builder and proposer roles.

Improves Network Capabilities Promotes Innovation

Builders enhance the network’s efficiency Builders are poised to foster innovation
by optimizing block construction and within the Ethereum ecosystem by
transaction order, which may result in expanding the MEV marketplace and
increased transaction throughput, streamlining MEV strategies. This
alleviated network congestion, and empowers developers to focus on
improved overall performance. creating value-added applications and
services, cultivating a culture of
innovation throughout the network.
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 Why BTCS Launched Builder+

Harness MEV Empower OFAC Fuel Ethereum’s Highly

Revenue Validators Compliance Growth Scalable

By operating our own builder with Builder+, we Builder+ is poised to unlock scalable revenue
bolsters our Ethereum blockchain infrastructure opportunities by positioning itself strategically to
strategy by diversifying operations, reducing reliance capture market share.
on third-parties, and ensuring compliance.

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www.stakeseeker.com
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 SaaS Market Opportunity – Fragmented Competition
BTCS expects the Staking-as-a-Service market opportunity to grow with blockchain network
adoption. We anticipate the market participant structure for the subset of blockchains depicted below
to be representative of the much larger PoS market.
Total Staked Value
10 BTCS Secured Blockchains (excluding ETH*)

Larger, more well-known

organizations like Coinbase
and Binance compete as custodial
staking options (i.e. on exchanges),
which represents a small proportion of
the overall staking market.

provides non-custodial
staking, targeting a more significant and
fragmented market opportunity.

*The illustrative chart represents data from the top 10 PoS blockchains currently secured by BTCS, excluding ETH, AVAX, and AXS, as of September 28, 2022.
This slide reflects solely the opinion of BTCS and its management.
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 Scalable Business Model
Staking-as-a-Service
• BTCS validator nodes (branded under “StakeSeeker”)
enable us to provide non-custodial staking-as-a-service
on various networks.
• As the node operator, we receive a percentage of staking
rewards (e.g. a validator fee) earned on delegated assets
to our nodes from token holders.
• Revenue increases with the amount of delegated assets,
with limited additional costs.*

StakeSeeker Platform
• StakeSeeker enables users evaluate their crypto
portfolios across exchanges and wallets in a single
analytics platform.
• StakeSeeker also allows Delegators to track their staking
activities and rewards.

* Actual increases depend on the fees set by our nodes.

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 Comparison to a More Widely Known Business Model

90%

10%
Individual Owns Property Listed on Property Rental
Property Airbnb for Rent Rented Fee

Asset Held by Decision to Monetizing Earnings &

Individual Monetize Asset Activity Payouts

90%

10%
Individual Holds Tokens Staked to Transaction Blockchain
Crypto StakeSeeker Nodes Validated Rewards

Individual chooses to monetize their assets. Renting Staked tokens are delegated Validator nodes operators earn a fee
physical assets to earn rental income on Airbnb’s to nodes to validate on rewards earned, similar to the
platform is a similar concept to staking tokens to blockchain transactions and service fee Airbnb charges for listing
earn rewards using BTCS’s StakeSeeker nodes. earn rewards. properties on its platform.
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For illustrative purposes only. Airbnb and validator node operations are significantly different in many respects. Fees charged by Airbnb and validator node operators vary and are subject to change.
 Delegated Proof-of-Stake Blockchain Mechanics*

What is Staking?
90% Rewards
• Staking cryptocurrencies involves
supporting the consensus mechanism of
a Proof-of-Stake blockchain. The process
involves committing crypto assets to
support and validate transactions on a
blockchain network, earning rewards for
successful verification of transactions.
• Delegator’s tokens are locked in
network-based smart contracts
(“Staked”) with validator nodes as an
incentive to ensure transaction validation Validator Node
adheres to the rules of the blockchain
network.
Token Holders Validator Node Blockchain Network
• Rewards are typically earned based on (“Delegators”) delegate participates in the Rewards and Fees are
the number of tokens delegated to a their tokens to a Validator consensus distributed by the network
node selected to validate transactions Node, but maintain their mechanism and directly to Token Holders
on a blockchain. private keys (i.e. money), validates and Validator Node
hence non-custodial. transactions. operators.

*For illustrative purposes only, actual fees may differ based on blockchain and competition.
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StakeSeeker is BTCS's proprietary cryptocurrency dashboard, offering users a consolidated view of their
crypto portfolio across various exchanges and wallets. It also provides innovative portfolio analytics.

Link exchanges and wallets where your crypto is

held to evaluate and monitor your consolidated
crypto portfolio in a central dashboard.
Connect

Analyze your crypto performance with a suite of

data analytic and reporting tools, including
trading history and rewards tracking.
Analyze

Learn to delegate your crypto to StakeSeeker

validators to participate in network consensus
and earn rewards.
Stake

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Key Service Providers Contact Us

IR Ph: 202-987-8368
Transfer Agent
Email: [email protected]

Legal Counsel
www.btcs.com
www.stakeseeker.com
Auditor www.btcs.com/builder
www.chainq.com

twitter.com/NasdaqBTCS
www.linkedin.com/Nasdaq-btcs
www.facebook.com/pg/NasdaqBTCS/posts/
www.youtube.com/c/BTCSInc
Discord: https://discord.gg/9vW5HkWBJG

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Appendix

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 Management & Board

Management Core Values

Integrity

Teamwork
Charles Allen Michal Michael Manish
Chief Executive Handerhan Prevoznik Paranjape
Officer & Chief Operating Chief Financial Chief Technology
Chairman of the Officer & Officer Officer
Trust
Board Director

Fairness
Independent Directors

Accountability

Diversity
Charlie Lee Melanie Pump Ashley DeSimone
Director Director Director and Inclusion

For full biographies of our Management team and Board of Directors, visit our website at www.btcs.com.
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 Blockchains Explained
A blockchain ledger is a distributed ledger maintained by a network of computer nodes that verify
and validate transactions.

Traditional vs. Blockchain Systems How Blockchains Work

Distributed ledgers allow for ownership of assets to be recorded Transaction (payment, contract,
through a publicly shared registry, eliminating the need for central record etc.) is broadcasted to
authorities to certify ownership and clear transactions. peer-to-peer network of
computers, also referred to as
nodes or validators.

The network of validators uses a

consensus algorithm to validate
Centralized
Ledger the transaction.

Distributed
Ledger Once validated, the transaction is
combined with other transactions
to create a new block of data to
Trust/consensus be added to the ledger.
entrusted to third-
party intermediaries
The new block is permanently
(such as banks).
added to the existing and
Trust / consensus is built into the Blockchain unalterable blockchain ledger.
network and secured by cryptography.
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 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. Blockchains are ushering in an age of asset digitization and transfer without the need
for trusted intermediaries (banks, exchanges, etc.)

Next-Generation Blockchains
The internet changed the way people communicate with each other. • Proof-of-Stake (“PoS”) consensus
Blockchains change the way people transact with each other.
• ESG friendly
• Infrastructure powering:
1st Generation • Web 3 – Next evolution of internet
Blockchains
• DeFi – Decentralized finance
Mainframe
• NFTs – Smart contracts/non fungible/
Growth

Computers Internet
unique tokens
Social Media
and Cloud Next-Generation
• Metaverse – Virtual extension of world
Blockchains
Personal
Computers
Next-Generation
Digitization of Information Digitization of Assets 1st Generation Blockchains
Blockchains (DeFi, NFT, Metaverse etc.)
(Currency)
1970s 1980s 1990s 2000s 2010s 2020s
Time

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*The above data was prepared by BTCS and reflects solely the opinion of BTCS and its management.
 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 PoS Blockchains

Bitcoin and gold are storers of value. The internet’s future can be transformed by next-
generation blockchains that serve as the backbone of
crypto assets and ownership in Web 3.

Estimated Internet Value

(conservative)

Gold Reserves $30T

$14.9T(2)

Bitcoin
Top 4 Next-Generation
$828B(1) Blockchains (3)
$314B(1)

Sources: (1) CoinMarketCap.com as of 12/31/2023, (2) world gold reserves according to World Gold Council (End-2023), (3) Includes Ethereum, Cardano, Polygon and Polkadot.
The above was prepared by BTCS and reflects solely the opinion of BTCS and its management..
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 Active Development Leading Indicator of Future Value*
The significant increase in both total developers and code commits on the Ethereum blockchain
indicates its dominance and value proposition.

Monthly Active Developers Since Launch

4,000
A Commit is an update to
the code of a blockchain
3,000 that is pushed to GitHub a
public code repository. It’s
Total Developers

an indication of the level

of software development.
2,000

Days Since First Commit

1,000 is representative of when
a blockchain was
launched.
0
0 400 800 1,200 1,600 2,000 2,400. 2,800 3,200 3,600 4,000
Days Since First Commit

Source: Electric Capital, Developer Report, January-December 2021.

*Statements reflect solely the opinion of BTCS and its management. Active development may not lead to future value.
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 Ethereum vs Bitcoin Performance

Source: Portfolios Labs as of June 18, 2024

*Statements reflect solely the opinion of BTCS and its management. Active development may not lead to future value.
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 Importance of Custody in Today’s Environment
It is more crucial than ever to educate the public on the importance of taking control of their crypto
assets through self-custody. Non-custodial staking offers a secure and rewarding solution for
managing and growing your crypto assets with full control of your private keys.

Safeguarding Self-Custody Non-Custodial Staking

The safeguarding of customer funds Non-custodial staking encourages Staking from digital wallets enables
continues to be a hot topic in the holders of crypto to maintain control you to participate in blockchain
news. In light of the recent collapses of their assets by moving them off- networks through delegation, creating
of crypto lending platforms and exchange and into more secure the possibility to grow your holdings
exchanges, including FTX, the phrase digital wallets, where crypto holders through staking rewards. This is
“Not your keys, not your crypto”, has can control the security of their considered non-custodial staking, as
been more widely circulated. This private keys instead of trusting you retain control of your private keys
phrase refers to the inherent risk of unregulated third-parties. during the delegation and staking
keeping crypto on exchanges that process.
hold the private keys to your crypto
assets.

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 Differentiating Non-Custodial Staking Model
Staking with BTCS’s StakeSeeker nodes is non-custodial, which differs from staking and earn programs
offered by centralized crypto exchanges that have faced recent regulatory scrutiny.

Custodial Staking vs. Non-Custodial Staking

• Crypto exchanges create wallets for accounts set • Crypto holders purchase tokens on exchanges and
up on exchange transfer off-exchange to digital wallets
• Custodian has control over crypto assets (i.e. • Users maintain control of private keys and direct
private keys) held in customer exchange accounts staking activities from their wallets
• Users do not maintain or control private keys • Users control safeguarding of their assets
• “Staked” assets are pooled with others by • Validators do not take control of assets, so assets
custodian are not pooled with the validator
• Actions of exchanges as the controller of • Operation of validator nodes is ministerial in nature
customer assets and pool operator result in the and does not result in an expectation of profits by
expectation of profits from their efforts the efforts of others
• Exchanges determine and have the ability to • Each blockchain determines the reward frequency,
change the annual percentage return (“APR”) and unbonding periods, as well as APR and distributes
frequency of reward distribution rewards directly to the delegator
• Typically, higher transaction fees • Lower transaction fees

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