5 Other Information
−Removed: Transition of Roles for the Company’s
−Removed: Chief Operating Officer
−Removed: On August 13, 2025, Michal
−Removed: Handerhan, the Company’s Chief Operating Officer and a member of the Board, transitioned from his position as Chief Operating Officer
−Removed: to the role of Operations Specialist, effective August 13, 2025.
−Removed: Handerhan and the Company have mutually agreed to terminate his employment
−Removed: agreement and RSU agreements, and Mr.
−Removed: Handerhan’s annual cash compensation will remain at $300,000 through June 30, 2026.
−Removed: The transition is part of the Company’s realignment in light
−Removed: of recent growth and was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
−Removed: June 3, 2025, Michael Prevoznik, our Chief Financial Officer, adopted a Rule 10b5-1 trading plan in accordance with the company’s
+Added: Transition of Roles
+Added: for the Company’s Chief Operating Officer
+Added: August 13, 2025, Michal Handerhan, the Company’s Chief Operating Officer and a member of the Board, transitioned from his
+Added: position as Chief Operating Officer to the role of Operations Specialist.
+Added: Handerhan and the Company have
+Added: mutually agreed to terminate his employment agreement and RSU agreement.
+Added: Handerhan’s annual cash compensation will remain
+Added: at $300,000 through September 30, 2026.
+Added: The transition is part of the Company’s realignment in light of recent growth
+Added: and was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
+Added: November 13, 2025, Michal Handerhan resigned from the Board of Directors (Board), effective immediately.
+Added: Handerhan will continue
+Added: to be employed as the Company’s Operations Specialist and has been appointed by the Board to serve as a board observer.
+Added: resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies,
+Added: or practices.
+Added: August 20, 2025, Michal Handerhan, our former Chief Operating Officer (who transitioned to Operations Specialist on August 13, 2025),
+Added: terminated a trading plan previously adopted on October 22, 2024 pursuant to Rule 10b5-1 under the Exchange Act.
+Added: Handerhan elected to terminate the plan after determining that his shares in the Company may qualify as “Qualified
+Added: Small Business Stock” under Section 1202 of the Internal Revenue Code, which provides for an exclusion from federal capital gains
+Added: tax for eligible shares held for more than five years.
+Added: The plan, which became
+Added: effective on March 5, 2025, had provided for the potential sale of up to 750,000 shares of the Company’s common stock, subject
+Added: to its terms and conditions.
+Added: August 27, 2025, Charles Allen, our Chief Executive Officer, terminated a trading plan previously adopted on November 17, 2024
+Added: pursuant to Rule 10b5-1 under the Exchange Act (a “Rule 10b5-1 trading plan”), in accordance with the Company’s
insider trading policies and procedures.
−Removed: The plan is effective as of September 2, 2025 and is scheduled to terminate on November 17,
−Removed: 2027, unless terminated earlier in accordance with its terms.
−Removed: Under the plan, up to 350,000 shares of the Company’s Common Stock
−Removed: may be sold, subject to the terms and conditions of the plan, including price thresholds, volume limitations, and blackout periods.
+Added: Allen elected to terminate the plan after determining that his shares in the Company
+Added: may qualify as “Qualified Small Business Stock” under Section 1202 of the Internal Revenue Code, which provides for an
+Added: exclusion from federal capital gains tax for eligible shares held for more than five years.
+Added: The plan, which became effective on
+Added: February 18, 2025, had provided for the potential sale of up to 1.75 million shares of the Company’s common stock, subject to
+Added: its terms and conditions.
other officers, as defined in Rule 16a-1(f), or directors adopted or terminated a “Rule 10b5-1 trading arrangement” or a
1 unchanged sentence
Communications via X (formerly Twitter)
−Removed: Company uses the following X (formerly Twitter) accounts, @Charles_BTCS and @Nasdaq_BTCS, as supplemental channels for communicating
−Removed: with the public about the Company.
−Removed: While these channels may share news and updates that may be material to investors, investors should primarily rely on our official SEC filings and press
−Removed: releases for material information.
−Removed: The Company encourages
−Removed: investors, the media, and others interested in the Company to follow these accounts in addition to monitoring the Company’s
−Removed: filings with the SEC, press releases, and its website at www.btcs.com for information about the Company.
−Removed: The content on our website
−Removed: is not incorporated by reference herein.
+Added: Company uses the following X (formerly Twitter) accounts, @Charles_BTCS and @NasdaqBTCS, as supplemental channels for communicating with
+Added: the public about the Company.
+Added: These social media channels will not be used to announce material information that has not been previously
+Added: disclosed through official SEC filings or press releases.
+Added: Investors should rely on our official SEC filings and press releases for material
+Added: The Company encourages investors, the media, and others interested in the Company to follow these accounts in addition to
+Added: monitoring the Company’s filings with the SEC, press releases, and its website at www.btcs.com for information about the Company.
+Added: The content on our website and social media accounts is not incorporated by reference herein.
exhibits listed in the accompanying “Exhibit Index” are filed or incorporated by reference as part of this Form 10-Q.
1 unchanged sentence
behalf by the undersigned thereunto duly authorized.
−Removed: Charles Allen
−Removed: Executive Officer
−Removed: Executive Officer)
−Removed: Articles of Merger
−Removed: Agreement and Plan of Merger
−Removed: Amended and Restated Articles of Incorporation, as of May 2010
−Removed: Certificate of Amendment to Articles of Incorporation - Increase Authorized Capital
−Removed: Certificate of Amendment to Articles of Incorporation – Name Change and Reverse Stock Split
−Removed: Certificate of Amendment to Articles of Incorporation - Increase Authorized Capital
−Removed: Certificate of Amendment to Articles of Incorporation - Reverse Stock Split
−Removed: Certificate of Amendment to Articles of Incorporation - Reverse Stock Split
−Removed: Certificate of Change – Reverse Stock Split
−Removed: Certificate of Designation – Series V
−Removed: Certificate of Amendment to the Series V Certificate of Designation
−Removed: Certificate of Amendment to Articles of Incorporation – Increase Authorized Capital
−Removed: Amended and Restated Bylaws of BTCS Inc.
+Added: November 13, 2025
+Added: /s/ Charles Allen
+Added: Chief Executive Officer
+Added: (Principal Executive Officer)
+Added: EXHIBIT INDEX
+Added: Incorporated by Reference
+Added: Filed or Furnished
+Added: Exhibit Description
+Added: and Plan of Merger
+Added: and Restated Articles of Incorporation, as of May 2010
+Added: of Amendment to Articles of Incorporation - Increase Authorized Capital
+Added: of Amendment to Articles of Incorporation – Name Change and Reverse Stock Split
+Added: of Amendment to Articles of Incorporation - Increase Authorized Capital
+Added: of Amendment to Articles of Incorporation - Reverse Stock Split
+Added: of Amendment to Articles of Incorporation - Reverse Stock Split
+Added: of Change – Reverse Stock Split
+Added: of Designation – Series V
+Added: of Amendment to the Series V Certificate of Designation
+Added: of Amendment to Articles of Incorporation – Increase Authorized Capital
+Added: and Restated Bylaws of BTCS Inc.
2021 Equity Incentive Plan, as amended
−Removed: Form of Securities Purchase Agreement – May 2025 ATW
−Removed: Form of 5% OID Secured Convertible Note – May 2025 ATW
−Removed: Form of Warrant – May 2025 ATW
−Removed: Form of Securities Purchase Agreement – July 2025 ATW
−Removed: Form of 5% OID Secured Convertible Note – July 2025 ATW
−Removed: Form of Warrant – July 2025 ATW
−Removed: Certification of Principal Executive Officer (302)
−Removed: Certification of Principal Financial Officer (302)
−Removed: Certification of Principal Executive and Principal Financial Officer (906)
−Removed: XBRL Instance Document
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: XBRL Taxonomy Extension Definition Linkbase Document
−Removed: XBRL Taxonomy Extension Label Linkbase Document
−Removed: XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).
−Removed: exhibit is being furnished rather than filed and shall not be deemed incorporated by reference into any filing, in accordance with
−Removed: Item 601 of Regulation S-K.
−Removed: of this report (including the consolidated financial statements) and any of the exhibits referred to above will be furnished at no cost
−Removed: to our shareholders who make a written request to BTCS Inc., 9466 Georgia Avenue #124, Silver Spring, MD 20910, Attention:
+Added: of Securities Purchase Agreement – May 2025 ATW
+Added: of 5% OID Secured Convertible Note – May 2025 ATW
+Added: of Warrant – May 2025 ATW
+Added: of Securities Purchase Agreement – July 2025 ATW
+Added: of 5% OID Secured Convertible Note – July 2025 ATW
+Added: of Warrant – July 2025 ATW
+Added: Certification of Principal
+Added: Executive Officer (302)
+Added: Certification of Principal
+Added: Financial Officer (302)
+Added: Certification of Principal
+Added: Executive and Principal Financial Officer (906)
+Added: Inline XBRL Instance Document
+Added: Inline XBRL Taxonomy Extension Schema Document
+Added: Inline XBRL Taxonomy Extension Calculation Linkbase Document
+Added: Inline XBRL Taxonomy Extension Definition Linkbase
+Added: Inline XBRL Taxonomy Extension Label Linkbase
+Added: Inline XBRL Taxonomy Extension Presentation
+Added: Linkbase Document
+Added: Cover Page Interactive Data File (formatted
+Added: as inline XBRL and contained in Exhibit 101).
+Added: This exhibit is being furnished rather than filed and shall not be
+Added: deemed incorporated by reference into any filing, in accordance with Item 601 of Regulation S-K.
+Added: Copies of this report
+Added: (including the financial statements) and any of the exhibits referred to above will be furnished at no cost to our shareholders who make
+Added: a written request to BTCS Inc., 303 W.
+Added: Lancaster Ave #336, Wayne PA 19341, Attention:
+Added: Corporate Secretary.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.