Exhibit 5.1
Nason, Yeager, Gerson, Harris & Fumero, P.A.
3001 PGA Boulevard, Suite 305
Palm Beach Gardens, Florida 33410
January 28, 2021
BTCS Inc.
9466 Georgia Avenue #124
Silver Spring, MD 20910
Attention: Mr. Charles Allen, CEO
Dear Mr. Allen:
You have advised us that BTCS Inc. (the “Company”) is filing with the Securities and Exchange Commission a Registration Statement on Form S-1 with respect to 2,000,000 shares of common stock.
In connection with the filing of this Registration Statement, you have requested that we furnish you with our opinion as to the legality of such shares as shall be offered by the Selling Stockholder pursuant to the Prospectus which is part of the Registration Statement.
After having examined the Company’s Articles of Incorporation, Bylaws, board consent, the financial statements contained in the Prospectus, the warrants and relying upon information supplied by the Company and its stock transfer agent, we are of the opinion that the 2,000,000 shares of common stock issued to the Selling Stockholder are, validly issued, duly authorized, fully paid and non-assessable.
The opinions expressed herein are limited to the Nevada Revised Statutes as currently in effect, and we express no opinion as to the effect of any other law of the State of Nevada or the laws of any other jurisdiction.
We hereby consent to being named in the Registration Statement, to the use of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the prospectus that is a part of the Registration Statement. In giving such consent, we do not hereby admit that we are acting within the category of persons whose consent is required under Section 7 of the Securities Act of 1933 or the rules or regulations of the Securities and Exchange Commission thereunder.
| Very truly yours, |
| |
| /s/ Nason, Yeager, Gerson, Harris & Fumero, P.A. |
| Nason, Yeager, Gerson, Harris & Fumero, P.A. |