BTCS INC. Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q) – marketscreener.com

Digital Assets Held at Period End
Fair Market Value of Digital Assets at Period End
132,831 $ 496,027 $ 686,580 $ 1,962,572 $ 5,302,695 $ 3,153,675 $ 3,941,180 Ethereum (ETH)*
* Approximately 9 ETH is not staked on Ethereum 2.0’s Beacon Chain.
As of November 4, 2021 the fair market value of our digital assets was approximately $45.7 million.
Digital Asset Treasury Strategy
The Company is not limiting its assets to a single type of digital asset and may hold a variety of digital assets. The Company will carefully review its purchases of digital securities to avoid violating the 1940 Act and seek to reduce potential liabilities under the federal securities laws.
16,606
204,882
Change in fair value of warrant liabilities (2,066,250 )


Results of Operations for the Three Months Ended September 30, 2021 and 2020
Net loss attributable to common stockholders $ (3,855,525 ) $ (1,005,324 )
Revenue for the three months ended September 30, 2021 and 2020 were approximately $0.3 million and $0, respectively. The increase is from our blockchain infrastructure solutions validating revenue.
Net loss for the three months ended September 30, 2021 and 2020 was approximately $3.8 million and $1.0 million, respectively. The increase is primarily due to an increase of operating expenses, as discussed above.
Net loss attributable to common stockholders
We incurred approximately $13,000 and $0 related to amortization of beneficial conversion feature of Series C-2 convertible preferred stock for the three months ended September 30, 2021 and 2020, respectively.
Digital Asset Rewards Fair Market Value
Net loss attributable to common stockholders $ (20,533,009 ) $ (1,795,897 )
Revenue for the nine months ended September 30, 2021 and 2020 were approximately $0.8 million and $0, respectively. The increase is from our blockchain infrastructure validating revenue.
Net loss attributable to common stockholders
Digital Asset Rewards Fair Market Value
Liquidity and Capital Resources
Net Cash from Operating Activities
Net Cash from Investing Activities
For the nine months ended September 30, 2020, there were no investing activities.
Net Cash from Financing Activities
As of November 4, 2021, the Company had approximately $1.4 million of cash, approximately $97 million available under the ATM Agreement, and the fair market value of the Company’s liquid digital assets was approximately $8.8 million.
On September 30, 2021, we had current assets of $4.3 million, long term assets of $8.8 million, and current liabilities of $4.7 million; working capital amounted to $(0.4) million.
Off Balance Sheet Transactions
We are not a party to any off-balance sheet transactions. We have no guarantees or obligations other than those which arise out of normal business operations.
RECENT ACCOUNTING PRONOUNCEMENTS
For information on recent accounting pronouncements, see Note 4 to the Unaudited Condensed Financial Statements.
© Edgar Online, source Glimpses

source