BTCS

BTCS · NASDAQ

$1.11+$0.035 (+3.26%)TodayMarket closed · Oct 21, 4:33 AM ET

Prev close $1.08

BTCS analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 3 analysts

Average $5.10 (+359.5% upside)

Low: $5.05
Now: $1.11
High: $5.25

Upgrades and downgrades

The latest rating actions, newest first

BTCS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HC Wainwright & Co.	Mar 31, 2026	Maintains	Buy	$7.00 → $5.00	38%

The case for and against

Updated Feb 6, 2025

Bull case

BTCS Inc. has demonstrated a 46% increase in revenues for the second quarter of 2024 compared to the first quarter, reaching $0.6 million, primarily driven by growth in staking revenue and block-building initiatives. The company's Builder+ segment has shown significant promise, with gross revenue from Ethereum block-building increasing to $76,000 in Q2, representing a 130% increase sequentially. With Ethereum exhibiting a robust 50% increase in market value during 2024 and BTCS adapting its accounting practices under ASC 606 to better reflect economic realities, the company is positioned for further revenue growth and improved margins as it gains market share in the blockchain space.

Bear case

BTCS Inc's financial outlook is challenged by a significant decline in its cash and crypto assets, decreasing from $39.4 million to $33.5 million and further to $26.0 million, primarily due to a drop in the fair market value of its crypto holdings. The company's gross margins have also taken a hit, falling from 75% in 1Q24 to 70% in 2Q24, driven by increased costs associated with purchasing blockspace, while ongoing investments have led to negative gross margins in its transaction fee-generating business. Additionally, projections for 2025 suggest only $11.0 million in revenue, but the uncertainty surrounding gross margin and profitability further complicates the financial outlook, particularly given the volatility in cryptocurrency markets.

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