BTCS Inc. Commences Modified Dutch Auction Cash Tender Offer for Its Series V Preferred Stock at $0.04 to $1.00 per Share
Key Highlights
- ➤BTCS launches $500,000 Series V preferred-stock cash tender offer
- ➤Tender price range spans $0.04 to $1.00 per share
- ➤Offer expires December 15, 2026, unless extended or terminated earlier
- ➤No trading market exists for Series V Shares
- ➤Directors and executive officers will not tender their Series V Shares
Expert Statements
Charles Allen, Chief Executive Officer of BTCS
“The Series V was distributed to every BTCS shareholder in 2023, and since then U.S. holders have had no practical way to sell it.”
Charles Allen, Chief Executive Officer of BTCS
“This Offer gives each holder a choice, and lets holders rather than the Company set the price.”
Charles Allen, Chief Executive Officer of BTCS
“Holders who would like cash now can tender at the price they choose.”
Charles Allen, Chief Executive Officer of BTCS
“Holders who prefer to keep their Series V can simply do nothing and keep everything they have today.”
WAYNE, Pa., Oct. 26, 2026 (GLOBE NEWSWIRE) -- BTCS Inc. (NASDAQ: BTCS) (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, a company focused on decentralized finance and blockchain infrastructure operations, today announced that it has commenced a cash tender offer to purchase shares of its Series V Preferred Stock (the “Series V Shares”) having an aggregate purchase price of up to $500,000, at a price per share of not less than $0.04 nor more than $1.00, net to the seller in cash, without interest and less any applicable withholding taxes (the “Offer”).
The Offer is being conducted through a “modified Dutch auction.” Holders may tender Series V Shares at a price they specify within the range, in increments of $0.01, or elect to tender “at the purchase price.” When the Offer expires, the Company will determine the lowest single price within the range that allows it to purchase Series V Shares having an aggregate purchase price of up to $500,000 (or all shares tendered, if fewer), and will pay that price for every share it purchases, including shares tendered at lower prices. Shares tendered above the purchase price will not be purchased. If the Offer is oversubscribed at the purchase price, shares will be purchased on a pro rata basis.
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