BTCS (BTCS) 10-K21 Mar 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Mar. 19, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-40792
Entity Registrant Name	BTCS Inc.
Entity Central Index Key	0001436229
Entity Tax Identification Number	90-1096644
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	9466 Georgia Avenue #124
Entity Address, City or Town	Silver Spring
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20910
City Area Code	(202)
Local Phone Number	430-6576
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	BTCS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 11
Entity Common Stock, Shares Outstanding		15,691,209
Documents Incorporated by Reference	Portions of the registrant’s Proxy Statement for the 2024 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission (the “SEC”) within 120 days of the registrant’s fiscal year ended December 31, 2023.
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	RBSM LLP
Auditor Firm ID	587
Auditor Location	Las Vegas, Nevada

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,458,327	$ 2,146,783
Stablecoins	21,044
Crypto assets	302,783	982
Staked crypto assets	24,900,146	1,826,307
Prepaid expenses	62,461	123,727
Receivable for capital shares sold	291,440
Total current assets	27,036,201	4,097,799
Other assets:
Investments, at value (Cost $100,000)	100,000	100,000
Property and equipment, net	10,490	11,152
Staked crypto assets - long term		5,708,624
Total other assets	110,490	5,819,776
Total Assets	27,146,691	9,917,575
Liabilities and Stockholders’ Equity:
Accounts payable and accrued expenses	55,058	76,727
Accrued compensation	712,092	295,935
Warrant liabilities	213,750	213,750
Total current liabilities	980,900	586,412
Stockholders’ equity:
Preferred stock value
Common stock, 975,000,000 shares authorized at $0.001 par value, 15,320,281 and 13,107,149 shares issued and outstanding at December 31, 2023 and 2022, respectively	15,322	13,108
Additional paid in capital	162,263,634	160,800,263
Accumulated deficit	(138,677,103)	(151,482,208)
Total stockholders’ equity	26,165,791	9,331,163
Total Liabilities and Stockholders’ Equity	27,146,691	9,917,575
Series V Preferred Stock [Member]
Stockholders’ equity:
Preferred stock value	$ 2,563,938

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cost of investment	$ 100,000
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Common stock, shares authorised	975,000,000	975,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	15,320,281	13,107,149
Common stock, shares outstanding	15,320,281	13,107,149
Series V Preferred Stock [Member]
Preferred stock, shares issued	14,567,829	0
Preferred stock, shares outstanding	14,567,829	0

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Revenues
Validator revenue (net of fees)	$ 1,339,628	$ 1,692,454
Total revenues	1,339,628	1,692,454
Cost of revenues
Validator expenses	359,778	426,440
Gross profit	979,850	1,266,014
Operating expenses:
General and administrative	1,863,916	1,916,193
Research and development	687,288	611,758
Compensation and related expenses	2,129,144	3,313,638
Marketing	12,153	78,171
Impairment loss on crypto assets		13,348,874
Realized (gains) losses on crypto asset transactions	604,269	(506,757)
Total operating expenses	5,296,770	18,761,877
Other income (expenses):
Change in unrealized appreciation (depreciation) on crypto assets	12,135,648
Change in fair value of warrant liabilities		1,638,750
Distributions to warrant holders		(35,625)
Total other income (expenses)	12,135,648	1,603,125
Net income (loss)	$ 7,818,728	$ (15,892,738)
Net loss per share attributable to common stockholders, basic	$ 0.55	$ (1.25)
Net loss per share attributable to common stockholders,diluted	$ 0.55	$ (1.25)
Weighted average number of common shares outstanding, basic	14,092,233	12,732,914
Weighted average number of common shares outstanding, diluted	14,092,233	12,732,914

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Preferred Stock [Member] Series V Preferred Stock [Member]	Preferred Stock [Member] Series V Preferred Stock [Member] Revision of Prior Period, Adjustment [Member]	Common Stock [Member]	Common Stock [Member] Revision of Prior Period, Adjustment [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Revision of Prior Period, Adjustment [Member]	Retained Earnings [Member]	Retained Earnings [Member] Revision of Prior Period, Adjustment [Member]		Total	Revision of Prior Period, Adjustment [Member]	[1]
Balance at Dec. 31, 2021			$ 10,529		$ 147,682,384		$ (135,589,470)			$ 12,103,443
Balance, shares at Dec. 31, 2021			10,528,212
Issuance of common stock, net of offering cost / At-the-market offering			$ 2,172		11,124,159					11,126,331
Issuance of common stock, net of offering cost / At-the-market offering, shares			2,172,336
Stock-based compensation			$ 407		2,624,863					2,625,270
Stock-based compensation, shares			406,601
Dividend distributions					(631,143)					(631,143)
Net income (loss)							(15,892,738)			(15,892,738)
Balance at Dec. 31, 2022			$ 13,108	$ 13,108	160,800,263	$ 160,800,263	$ (151,482,208)	$ (146,495,831)	[1]	9,331,163	$ 14,317,540
Balance, shares at Dec. 31, 2022			13,107,149	13,107,149
Net income (loss)										7,818,728
Balance at Dec. 31, 2023	$ 2,563,938		$ 15,322		162,263,634			(138,677,103)		26,165,791
Balance, shares at Dec. 31, 2023	14,567,829		15,320,281
Balance at Jan. 01, 2023			$ 13,108		160,800,263			(146,495,831)		14,317,540
Balance, shares at Jan. 01, 2023			13,107,149
Issuance of common stock, net of offering cost / At-the-market offering			$ 1,708		2,686,086					2,687,794
Issuance of common stock, net of offering cost / At-the-market offering, shares			1,707,621
Stock-based compensation	$ 4,405		$ 506		1,336,818					1,341,729
Stock-based compensation, shares	25,026		505,511
Net income (loss)								7,818,728		7,818,728
Issuance of Series V preferred stock	$ 2,559,533				(2,559,533)
Issuanceof Series V preferred stock, shares	14,542,803
Balance at Dec. 31, 2023	$ 2,563,938		$ 15,322		$ 162,263,634			$ (138,677,103)		$ 26,165,791
Balance, shares at Dec. 31, 2023	14,567,829		15,320,281

[1]Includes an adjustment to the opening balance of $ 4,986,377

Statements of Stockholders' E_2

Statements of Stockholders' Equity (Parenthetical)	Dec. 31, 2022 USD ($)
Opening adjustment amount	$ 9,331,163
Revision of Prior Period, Change in Accounting Principle, Adjustment [Member]
Opening adjustment amount	$ 4,986,377

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Net Cash flows used from operating activities:
Net income (loss)	$ 7,818,728	$ 7,818,728	$ (15,892,738)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		5,033	4,039
Stock-based compensation		1,341,729	2,625,270
Validator revenue		(1,339,628)	(1,692,454)
Blockchain network fees (non-cash)			1,321
Change in fair value of warrant liabilities			(1,638,750)
Sale of non-productive crypto assets			2,547,325
Realized gain on crypto assets transactions		604,269	(506,757)
Change in unrealized (appreciation) depreciation on crypto assets		(12,135,648)
Impairment loss on crypto assets			13,348,874
Changes in operating assets and liabilities:
Stablecoins		(21,044)
Prepaid expenses and other current assets		61,266	200,824
Receivable for capital shares sold		(291,440)
Accounts payable and accrued expenses		(21,669)	(62,332)
Accrued compensation		416,157	288,601
Net cash used in operating activities		(3,562,247)	(776,777)
Cash flows from investing activities:
Purchase of productive crypto assets for validating		(1,804,482)	(9,453,024)
Sale of productive crypto assets		1,994,851	585,595
Purchase of investments			(100,000)
Purchase of property and equipment		(5,276)	(5,408)
Sale of property and equipment		904
Net cash provided by (used in) investing activities		185,997	(8,972,837)
Cash flow from financing activities:
Dividend distributions			(630,801)
Net proceeds from issuance common stock/ At-the-market offering		2,687,794	11,126,331
Net cash provided by financing activities		2,687,794	10,495,530
Net (decrease)/increase in cash		(688,456)	745,916
Cash, beginning of period		2,146,783	1,400,867
Cash, end of period	$ 1,458,327	1,458,327	2,146,783
Supplemental disclosure of non-cash financing and investing activities:
Series V Preferred Stock Distribution		$ 2,559,533

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
Pay vs Performance Disclosure - USD ($)	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ 7,818,728	$ 7,818,728	$ (15,892,738)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023 shares
Chief Executive Officer [Member]
Trading Arrangements, by Individual [Table]
Title	Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 14, 2023
Termination Date	October 15, 2024
Aggregate Available	1,250,000
Chief Operating Officer [Member]
Trading Arrangements, by Individual [Table]
Title	Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	December 5, 2023
Termination Date	October 15, 2024
Aggregate Available	750,000
Officers Or Directors [Member]
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Description of

Organization and Description of Business and Recent Developments	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business and Recent Developments	Note 1 - Organization and Description of Business and Recent Developments BTCS Inc. (formerly Bitcoin Shop, Inc.), a Nevada corporation (“BTCS” or the “Company”) was incorporated in 2008 and is a Nasdaq listed company operating in the blockchain technology sector since 2014 with a primary focus on blockchain infrastructure. Our core focus is on driving scalable growth through a diverse range of business streams leveraging and built on top of our core and proven blockchain infrastructure operations. The Company secures and operates validator nodes (as a “Validator”) on various proof-of-stake (“PoS”) and delegated proof-of-stake (“dPoS”) based blockchain networks earning native token rewards by staking our proof-of-stake crypto assets (also referred to “cryptocurrencies”, “crypto”, “crypto assets”, “digital assets”, or “tokens”), with an emphasis on Ethereum. The Company’s non-custodial Staking-as-a-Service (“StaaS”) business allows crypto asset holders to earn staking rewards by participating in network consensus mechanisms through staking (or “delegating”) their crypto assets to BTCS-operated validator nodes (or “nodes”). As a non-custodial Validator and StaaS provider, BTCS may charge a validator node fee, typically determined as a percent of the crypto asset rewards earned on crypto assets delegated to its node, creating the opportunity for potential scalable revenue and business growth with limited additional costs. The Company believes that StaaS provides a more accessible and cost-effective way for crypto asset holders to participate in blockchain network consensus, thereby promoting the growth and adoption of blockchain technology. The Company’s internally-developed “StakeSeeker” platform is a personal finance software and education center with a comprehensive crypto dashboard for crypto asset holders to connect, monitor, track, and analyze their crypto portfolios across exchanges and wallets in a single analytics platform. The StakeSeeker dashboard reads user data from digital wallets and utilizes application programming interfaces (APIs) to read data from crypto exchanges and does not allow for the trading or custody of crypto assets. StakeSeeker’s Stake Hub functions as an educational center, offering users guidance on the delegation of their crypto assets to our non-custodial validator nodes, along with the ability to monitor such delegation activities through data analysis. StakeSeeker does not provide or facilitate direct, asset delegation or transaction execution on our platform. Stake Hub’s primary purpose is to offer instructional support and tracking capabilities. There is no active process for asset delegation through the Stake Hub dashboard; it is primarily a monitoring tool. The StakeSeeker platform is currently free-to-use for registered users so is not currently generating revenue. The Company is not a broker-dealer or an investment advisor and does not provide any such related services. StakeSeeker provides a valuable analytical platform to crypto enthusiasts and strategically seeks to entice users with its cutting-edge features. The underlying strategic objective of the platform is to drive the expansion of Delegators to our validator nodes. The Company anticipates taking the StaaS Platform out of beta prior to the end of 2024. The current functionality allows for crypto asset holders to connect, monitor, track, and analyze their crypto portfolios across exchanges and wallets in a single analytics platform. In the future we may add support for additional blockchains and provide other analytic tools. We are also exploring the feasibility of adding Ethereum non-custodial staking to StakeSeeker in 2024. We anticipate the costs associated with doing so would be in line with our historical research and development costs. The Company has introduced “Builder+”, a newly developed Ethereum block builder (“Builder”) that utilizes advanced algorithms to maximize validator earnings by constructing optimized blocks for on-chain validation. Builders actively monitor the Ethereum transaction queue, known as the “mempool”, for pending transactions and strategically reorder them to create ‘optimized blocks’ containing transactions with the highest fees. Builders pay a fee to increase the chances of their blocks being selected by a validator and, in return, earn the associated crypto transaction fees. The Company’s business is subject to various risks and uncertainties, including risks associated with the evolving regulatory landscape for crypto assets, risks associated with the volatility of crypto asset prices, and risks associated with the development and adoption of blockchain technology. The Company’s future success is dependent on various factors, including the growth of the crypto asset market, the adoption of blockchain technology, and the Company’s ability to effectively operate and grow its blockchain infrastructure operations and StaaS business. BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). Reclassifications Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported net income (loss). Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of six months or less when purchased to be cash and cash equivalents. The Company maintains cash and cash equivalent balances at financial institutions that are insured by the FDIC.As of December 31, 2023 and 2022, the Company had approximately $ 1,458,000 2,147,000 Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 933,000 1,682,000 Stablecoins The Company holds stablecoins, such as USDT (Tether) and USDC (USD Coin), which are crypto assets that are pegged to the value of one U.S. dollar and can be redeemed on demand for one U.S. dollar. Our stablecoins are typically held in secure digital wallets or on crypto asset exchanges. The Company acquires and holds stablecoins primarily to facilitate crypto asset transactions, including, but not limited to, payments to third-party vendors. The Company accounts for its stablecoins as indefinite-lived intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other Crypto Assets Fair Value Measurement The Company’s fair value measurement for its crypto assets is guided by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurement Kraken has been identified as the principal market for the Company’s crypto assets, serving as the Company’s primary cryptocurrency exchange for both purchases and sales. This determination is based on a comprehensive evaluation process that considers various factors, including regulatory compliance, trading activity, and price stability. The Company places significant trust in Kraken’s well-established reliability and robust capabilities. To determine the fair value of its crypto assets, the Company relies primarily on coinmarketcap.com (“CoinMarketCap”) as the principal pricing source. The selection of CoinMarketCap is the result of thorough due diligence, which identified it as the most reliable source for consistently obtaining timely and accurate crypto asset price data, covering all the crypto assets held by the Company. The real-time pricing from CoinMarketCap is notably aligned with the bid/ask quotes observed on the Company’s primary exchange and principal market, Kraken. While Kraken is designated as the primary exchange, the Company maintains the flexibility to engage in cryptocurrency transactions on other exchanges where it maintains accounts. This flexibility allows the Company to adapt to changing market conditions and explore alternative platforms when necessary to ensure cost-effective execution and fair value measurement using the most advantageous market. The determination of Kraken as the principal market reflects the Company’s commitment to making informed decisions based on regulatory compliance, trading activity, and price stability and achieving the most accurate representation of fair value for its crypto assets. The Company regularly reviews and assesses its choice of principal market to ensure it aligns with its objectives and the evolving landscape of the cryptocurrency market. BTCS Inc. NOTES TO FINANCIAL STATEMENTS Accounting for Crypto Assets The cost basis of the Company’s crypto assets is initially recorded at their fair value using the U.S. dollar spot price of the related crypto asset at 4:00 p.m., New York time, on the date of receipt (or “carrying value”). Crypto assets are measured at their fair respective fair market values at each reporting period end on the balance sheets and classified as either ‘Staked Crypto Assets’ or ‘Crypto Assets’ to distinguish their nature within the respective balances. Staked crypto assets are presented as current assets if their lock-up periods are less than 12 months, and as long-term other assets if the lock-up extends beyond one year. The majority of our crypto assets are staked, typically with lock-up periods of less than 21 days, and are considered current assets in accordance with ASC 210-10-20, Balance Sheet , due to the Company’s ability to sell them in a liquid marketplace, as we have a reasonable expectation that they will be realized in cash or sold or consumed during the normal operating cycle of our business to support operations when needed The classification of purchases and sales in the statements of cash flows is determined based on the nature of the crypto assets, which can be categorized as ‘productive’ (i.e. acquired for purposes of staking) or ‘non-productive’ (e.g. bitcoin). Acquisitions of non-productive crypto assets are treated as operating activities, while acquisitions of productive crypto assets are classified as investing activities in accordance with ASC 230-10-20, Investing activities Effective January 1, 2023, the Company has elected to early adopt ASU No. 2023-08 Prior to the Company’s adoption of ASU No. 2023-08, the Company accounted for its crypto assets as indefinite-lived intangible assets in accordance with ASC 350, Intangibles –Goodwill and Other Prior to the Company’s adoption of ASU No. 2023-08, on a quarterly basis, crypto assets were measured at carrying value, net of any impairment losses incurred since receipt. The Company recorded impairment losses as the fair value fell below the carrying value of the crypto assets at any time during the period, as determined using the lowest intraday U.S. dollar spot price of the related crypto asset subsequent to its acquisition. The crypto assets could only be marked down when impaired and not marked up when their value increases. Impairment losses could not be recovered for any subsequent increase in fair value until the sale or disposal of the asset. Such impairment in the value of crypto assets was recorded as a component of costs and expenses in our statements of operations. The Company recorded impairment losses of approximately $ 0 13,349,000 Realized gain (loss) on sale of crypto assets are included in other income (expense) in the statements of operations. The Company recorded realized gains (losses) on crypto assets of approximately ($ 604,000 507,000 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Revenue Recognition The Company recognizes revenue under ASC 606 , Revenue from Contracts with Customers ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the Company satisfies a performance obligation Revenue is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company generates revenue through staking rewards generated from its blockchain infrastructure operations. The transaction consideration the Company receives - the crypto asset awards and gas fees - are a non-cash consideration, which the Company measures at fair value on the date received. The fair value of the crypto asset award received is determined using the U.S. dollar spot price of the related crypto asset at 4:00 p.m., New York time, on the date of receipt. Blockchain Infrastructure The Company engages in network-based smart contracts by running its own crypto asset validator nodes as well as by staking (or “delegating”) crypto assets directly to both its own validator nodes and nodes run by third-party operators. Through these contracts, the Company provides crypto assets to stake to a node for the purpose of validating transactions and adding blocks to a respective blockchain network. The term of a smart contract can vary based on the rules of the respective blockchain and typically last from a few days to several weeks after it is cancelled (or “un-staked”) by the delegator and requires that the crypto assets staked remain locked up during the duration of the smart contract. In exchange for staking the crypto assets and validating transactions on blockchain networks, the Company is entitled to all of the fixed crypto asset award earned from the network when delegating to the Company’s own node and is entitled to a fractional share of the fixed crypto asset award a third-party node operator receives (less crypto asset transaction fees payable to the node operator, which are immaterial and are recorded as a deduction from revenue), for successfully validating or adding a block to the blockchain. The Company’s fractional share of awards received from delegating to a third-party validator node is proportionate to the crypto assets staked by the Company compared to the total crypto assets staked by all Delegators to that node at that time. The provision of validating blockchain transactions is an output of the Company’s ordinary activities. Each separate block creation or validation under a smart contract with a network represents a performance obligation. The satisfaction of the performance obligation for processing and validating blockchain transactions occurs at a point in time when confirmation is received from the network indicating that the validation is complete, and the awards are available for transfer. At that point, revenue is recognized. BTCS Inc. NOTES TO FINANCIAL STATEMENTS The following table details the native token rewards and their respective fair market value recognized as revenue during the years ended December 31, 2023. The tables distinguish between token rewards earned from staking to BTCS run Validator nodes as well as delegating to validator nodes operated by unaffiliated third-parties. Crypto assets earned from staking to BTCS validator nodes Schedule Of Crypto Assets Earned From BitCoins FY 2022 FY 2022 FY 2023 FY 2023 Asset Token Rewards Revenue ($USD) Token Rewards Revenue ($USD) Ethereum (ETH) 390 $ 768,992 358 $ 639,357 Cosmos (Atom) 15,200 $ 214,217 43,268 $ 408,964 Kava (KAVA) 49,690 $ 114,603 53,435 $ 43,642 Kusama (KSM) 824 $ 73,138 820 $ 21,981 Mina (MINA) 4,320 $ 2,594 15,840 $ 10,959 Evmos (EVMOS) - $ - 89,591 $ 10,807 Akash (AKT) 6,376 $ 1,459 11,666 $ 9,808 Avalanche (Avax) 1,051 $ 30,791 664 $ 9,117 NEAR Protocol (NEAR) 970 $ 1,512 5,494 $ 8,836 Oasis Network (ROSE) 9,758 $ 533 98,001 $ 5,802 Tezos (XTZ) 3,620 $ 7,048 2,413 $ 2,326 Terra (Luna) 61 $ 5,401 - $ - Algorand (Algo) 98 $ 115 - $ - Total earned from staking to BTCS validator nodes - $ 1,220,403 $ 1,171,599 Crypto assets earned from staking to third-party validator nodes Schedule of Crypto Assets Earned From Third Party FY 2022 FY 2022 FY 2023 FY 2023 Asset Token Rewards Revenue ($USD) Token Rewards Revenue ($USD) Axie Infinity (AXS) 17,392 $ 385,101 18,522 $ 127,691 Polygon (Matic) 31,395 $ 27,826 24,878 $ 20,613 Solana (SOL) 407 $ 20,428 474 $ 11,592 Polkadot (DOT) 2,989 $ 35,658 1,371 $ 7,358 Cardano (ADA) 5,102 $ 3,038 2,394 $ 775 Total earned from staking to third-party validator nodes $ 472,051 $ 168,029 Total $ 1,692,454 $ 1,339,628 Cost of Revenue The Company’s cost of revenue related to its blockchain infrastructure operations primarily includes direct production costs associated with transaction validation on the network, cloud-based server hosting expenses related to our validator nodes, and allocated employee salaries dedicated to node maintenance and support. Additionally, the cost of revenue encompasses fees, including equity compensation stock-based fees paid to third parties for their assistance in software maintenance and node operations. These costs directly related to production of revenues are collectively summarized as “Validator expenses” in the statements of operations. BTCS Inc. NOTES TO FINANCIAL STATEMENTS Internally Developed Software Internally developed software consists of the core technology of the Company’s StakeSeeker platform, which is being designed to allow users to track, monitor and analyze their aggregate cryptocurrency portfolio holdings by connecting their crypto exchanges and digital wallets as well as providing a non-custodial delegation process to earn staking rewards on crypto asset holdings. For internally developed software, the Company uses both its own employees as well as the services of external vendors and independent contractors. The Company accounts for computer software used in the business in accordance with ASC 985-20 and ASC 350. ASC 985-20, Software-Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, ASC 350, Intangibles-Goodwill and Other Property and Equipment Property and equipment consist of computer, equipment and office furniture and fixtures, all of which are recorded at cost. Depreciation and amortization are recorded using the straight-line method over the respective useful lives of the assets ranging from three to five years. Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of these assets may not be recoverable. Use of Estimates The accompanying financial statements have been prepared in conformity with U.S. GAAP. This requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the period. The Company’s significant estimates and assumptions include the recoverability and useful lives of indefinite life intangible assets, stock-based compensation, and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates, including the carrying amount of the indefinite life intangible assets, could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions. Income Taxes The Company recognizes income taxes on an accrual basis based on tax positions taken or expected to be taken in its tax returns. A tax position is defined as a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement. BTCS Inc. NOTES TO FINANCIAL STATEMENTS Accounting for Warrants The Company accounts for the issuance of Common Stock purchase warrants issued in connection with the equity offerings in accordance with the provisions of ASC 815, Derivatives and Hedging The Company assessed the classification of Common Stock purchase warrants as of the date of each offering and determined that such instruments originally met the criteria for equity classification; however, as a result of the Company no longer being in control of whether the warrants may be cash settled, the instruments no longer qualify for equity classification. Accordingly, the Company classified the warrants as a liability at their fair value and adjusts the instruments to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until the warrants are exercised or expired, and any change in fair value is recognized as “change in the fair value of warrant liabilities” in the statements of operations. The fair value of the warrants has been estimated using a Black-Scholes valuation model (see Note 4). Stock-based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation - Stock Compensation Share-based payment awards exchanged for services are accounted for at the fair value of the award on the estimated grant date. Options Stock options issued under the Company’s long-term incentive plans are granted with an exercise price equal to no less than the market price of the Company’s stock at the date of grant and expire up to ten years from the date of grant. The Company estimates the fair value of stock option grants using the Black-Scholes option pricing model and the assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. BTCS Inc. NOTES TO FINANCIAL STATEMENTS Restricted Stock Units (“RSUs”) For awards vesting upon the achievement of a service condition, compensation cost measured on the grant date will be recognized on a straight-line basis over the vesting period. Stock-based compensation expense for the market-based restricted stock units with explicit service conditions is recognized on a straight-line basis over the longer of the derived service period or the explicit service period, regardless of whether the market condition is satisfied. However, in the event that the explicit service period is not met, previously recognized compensation cost would be reversed. Market-based restricted stock units subject to market-based performance targets require achievement of the performance target as well as a service condition in order for these RSUs to vest. The Company estimates the fair value of market-based RSUs as of the grant date and expected derived term using a Monte Carlo simulation that incorporates pricing inputs covering the period from the grant date through the end of the derived service period. Dividends Effective January 27, 2023, the Company’s Board of Directors (the “Board”) approved the issuance of a newly designated Series V Preferred Stock (“Series V”) on a one-for-one basis to the Company’s shareholders (including restricted stock unit holders and warrant holders who were entitled to such distribution). The distribution of Series V shares was approved and completed on June 2, 2023 to shareholders as of the record date of May 12, 2023. The Series V: (i) is non-convertible, (ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion of the Board). 14,542,803 On January 5, 2022, the Board declared a non-recurring special dividend of $ 0.05 0 631,000 The Company will evaluate the appropriateness of potential future dividends as the Company continues to grow its operations. Advertising Expense Advertisement costs are expensed as incurred and included in marketing expenses. Advertising and marketing expenses amounted to approximately $ 12,000 78,000 Net Income (Loss) per Share Basic income (loss) per share is computed by dividing the net income or loss applicable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the Company’s restricted stock units, options and warrants. Diluted loss per share excludes the shares issuable upon the conversion of preferred stock, notes and warrants from the calculation of net loss per share if their effect would be anti-dilutive. The following financial instruments were not included in the diluted loss per share calculation as of December 31, 2023 and 2022 because their effect was anti-dilutive: Schedule of Earnings Per Share Anti-diluted 2023 2022 As of December 31, 2023 2022 Warrants to purchase common stock 712,500 912,500 Options 1,200,000 1,150,000 Non-vested restricted stock awards units 1,606,373 1,590,553 Total 3,518,873 3,653,053 Anti-dilutive securities 3,518,873 3,653,053 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60) Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Changes in Accounting Principle

Changes in Accounting Principle	12 Months Ended
Changes in Accounting Principle	Dec. 31, 2023
Changes In Accounting Principle
Changes in Accounting Principle	Note 3 - Changes in Accounting Principle Effective January 1, 2023, the Company has elected to early adopt ASU No. 2023-08, resulting in a material change in accounting principle related to the Company’s accounting treatment of crypto assets. As a result of the adoption of ASU No. 2023-08, crypto assets are recorded at their fair market value on its balance sheet and changes in the fair market value of its crypto assets during reporting periods are recorded within its statements of operations as unrealized appreciation (depreciation). Prior to adopting ASU No. 2023-08, crypto assets were accounted for as intangible assets with an indefinite life in accordance with ASC 350, Intangibles –Goodwill and Other The Company elected to early adopt the guidance contained with ASU No. 2023-08 as we believe that the specified changes in financial reporting better reflect the economic realities of the Company’s business model and the value of the crypto assets held, enhancing the transparency and accuracy of the financial statements. The adoption of ASU No. 2023-08 required an adjustment to the Company’s opening Retained Earnings balance as of January 1, 2023, to recognize the cumulative effect of initially applying the change in accounting principle to previous periods. The adjustment accounts for the difference between the December 31, 2022 ending book value of crypto assets and their respective fair market value, which amounted to approximately $ 4,986,000 BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Crypto Assets

Crypto Assets	12 Months Ended
Crypto Assets	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Crypto Assets	Note 4 – Crypto Assets The following table presents the Company’s crypto assets held as of December 31, 2023: Schedule of Crypto Assets Held Asset Tokens Cost Fair Market Value Ethereum (ETH) 7,815 $ 8,862,438 $ 17,829,264 Cosmos (Atom) 270,098 4,843,231 2,860,870 Solana (SOL) 7,845 535,109 796,327 Avalanche (Avax) 17,842 1,129,281 687,713 Axie Infinity (AXS) 60,552 1,913,988 535,546 Polygon (Matic) 506,010 848,606 491,138 Oasis Network (ROSE) 2,647,629 157,541 363,571 Kusama (KSM) 7,313 1,427,083 329,353 Kava (KAVA) 345,394 1,089,300 301,429 NEAR Protocol (NEAR) 80,267 162,780 293,204 Akash (AKT) 119,071 46,156 291,574 Cardano (ADA) 265,254 402,901 157,615 Mina (MINA) 90,017 63,539 122,007 Polkadot (DOT) 8,650 139,711 70,879 Evmos (EVMOS) 345,777 97,404 43,886 Tezos (XTZ) 26,174 73,318 26,379 Band Protocol (BAND) 992 1,500 2,174 Total - $ 21,793,886 $ 25,202,929 The following table presents a rollforward of the Company’s crypto asset activities for the years ended December 31, 2023 and 2022: Schedule of Crypto Asset Activities December 31, 2021 - Book Value $ 12,365,472 Purchases of crypto assets 9,453,024 Rewards earned from staking 1,692,454 Sales of crypto assets (3,132,920 ) Realized gains on sale of crypto assets 506,757 Impairment loss (13,348,874 ) December 31, 2022 - Book Value $ 7,535,913 Opening adjustment for change in accounting principle 4,986,377 Purchases of crypto assets 1,804,482 Rewards earned from staking 1,339,628 Sales of crypto assets (1,994,851 ) Realized gains on sale of crypto assets 147,295 Realized losses on sale of crypto assets (751,563 ) Change in unrealized appreciation (depreciation) of crypto assets 12,135,648 December 31, 2023 - Fair Market Value $ 25,202,929 BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	12 Months Ended
Fair Value of Financial Assets and Liabilities	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	Note 5 - Fair Value of Financial Assets and Liabilities The Company measures certain assets and liabilities at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability (i.e., an ‘exit price’) in the principal or most advantageous market in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 – Valuations based on unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that are accessible at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, these valuations do not entail a significant degree of judgment. Level 2 – Valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Valuations based on inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability. Financial instruments, including cash and cash equivalents, accounts and other receivables, accounts payable and accrued liabilities are carried at cost, which management believes approximates fair value due to the short-term nature of these instruments. The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2023 and 2022: Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis Fair Value Measured at December 31, 2023 Total at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2023 (Level 1) (Level 2) (Level 3) Assets Crypto Assets $ 25,202,929 $ 25,202,929 $ - $ - Investments 100,000 - - 100,000 Total Assets $ 25,302,929 $ 25,202,929 $ - $ 100,000 Liabilities Warrant Liabilities $ 213,750 $ - $ - $ 213,750 Fair Value Measured at December 31, 2022 Total at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2022 (Level 1) (Level 2) (Level 3) Assets Investments $ 100,000 $ - $ - $ 100,000 Liabilities Warrant Liabilities $ 213,750 $ - $ - $ 213,750 The Company did not make any transfers between the levels of the fair value hierarchy during the years ended December 31, 2023 and 2022. BTCS Inc. NOTES TO FINANCIAL STATEMENTS The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial assets and liabilities for the years ended December 31, 2023 and 2022, that are measured at fair value on a recurring basis: Schedule of Changes in Fair Value and Other Adjustments of Warrants Fair Value of Level 3 Financial Assets December 31, December 31, 2023 2022 Beginning balance $ 100,000 $ - Purchases - 100,000 Unrealized appreciation (depreciation) - - Ending balance $ 100,000 $ 100,000 Fair Value of Level 3 Financial Liabilities December 31, December 31, 2023 2022 Beginning balance $ 213,750 $ 1,852,500 Warrant liabilities classification - - Fair value adjustment of warrant liabilities - (1,638,750 ) Ending balance $ 213,750 $ 213,750 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Level 3 Valuation Techniques Level 3 financial assets consist of private equity investments for which there is no current public market for these securities such that the determination of fair value requires significant judgment or estimation. As of December 31, 2023, the Company’s Level 3 investments were carried at original cost of the investments, with a value of $100,000. The Company has elected to apply the measurement alternative under ASC 321, Investments—Equity Securities Level 3 financial liabilities consist of the warrant liabilities for which there is no current market for these securities such that the determination of fair value requires significant judgment or estimation. Changes in fair value measurements categorized within Level 3 of the fair value hierarchy are analyzed each period based on changes in estimates or assumptions and recorded as appropriate. A significant decrease in the volatility or a significant decrease in the Company’s stock price, in isolation, would result in a significantly lower fair value measurement. Changes in the values of the warrant liabilities are recorded in “change in fair value of warrant liabilities” in the Company’s statements of operations. On March 2, 2021, the Company entered into a securities purchase agreement (the “Offering”) with certain purchasers pursuant to which the Company agreed to sell an aggregate of (i) 950,000 712,500 9.5 The Warrants require, at the option of the holder, a net-cash settlement following certain fundamental transactions (as defined in the Warrants) at the Company. At the time of issuance, the Company maintained control of certain fundamental transactions and as such the Warrants were initially classified in equity. As of December 31, 2023, the Company no longer maintained control of certain fundamental transactions as they did not control a majority of shareholder votes. As such, the Company may be required to cash settle the Warrants if a fundamental transaction occurs which is outside the Company’s control. Accordingly, the Warrants are classified as liabilities. The Warrants have been recorded at their fair value using the Black-Scholes valuation model, and will be recorded at their respective fair value at each subsequent balance sheet date. This model incorporates transaction details such as the Company’s stock price, contractual terms, maturity, risk-free rates, as well as volatility. The Warrants require the issuance of registered shares upon exercise, do not expressly preclude an implied right to cash settlement and are therefore accounted for as derivative liabilities. The Company classifies these derivative warrant liabilities on the balance sheets as a current liability. A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of December 31, 2023 and 2022, is as follows: Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities December 31, 2023 December 31, 2022 Risk-free rate of interest 4.23 % 3.99 % Expected volatility 102.81 % 152.84 % Expected life (in years) 2.18 3.18 Expected dividend yield - - The risk-free interest rate was based on rates established by the Federal Reserve Bank. For the Warrants, the Company estimates expected volatility giving primary consideration to the historical volatility of its Common Stock. The general expected volatility is based on the standard deviation of the Company’s underlying stock price’s daily logarithmic returns. The expected life of the warrants was determined by the expiration date of the warrants. The expected dividend yield was based on the fact that the Company has not historically paid dividends on its Common Stock and does not expect to pay recurring dividends on its Common Stock in the future. BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit)	12 Months Ended
Stockholders’ Equity (Deficit)	Dec. 31, 2023
Equity [Abstract]
Stockholders’ Equity (Deficit)	Note 6 - Stockholders’ Equity (Deficit) Common Stock The Company received shareholder approval on July 11, 2023 to amend our Articles of Incorporation to increase the number of authorized shares of common stock from 97,500,000 975,000,000 975,000,000 At The Market Offering Agreement On September 14, 2021, the Company entered into an At-The-Market Offering Agreement (the “ATM Agreement”) with H.C. Wainwright & Co., LLC, as agent (“H.C. Wainwright”), pursuant to which the Company may offer and sell, from time-to-time through H.C. Wainwright, shares of the Company’s Common Stock having an aggregate offering price of up to $ 98,767,500 3.0 During the year ended December 31, 2023, the Company sold a total of 1,707,621 2,790,000 1.63 2,688,000 During the year ended December 31, 2022, the Company sold a total of 2,172,336 11,487,000 5.29 11,126,000 Share Based Payments Effective January 19, 2023, The Board approved the issuance of $ 50,000 12,500 st 122,124 For the years ended December 31, 2023 and 2022, 354,713 284,722 Issuance of Restricted Stock to Service Providers During the year ended December 31, 2022, the Company issued to one service provider a total of approximately 12,500 59,000 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Preferred Stock Series V Effective January 27, 2023, the Board approved the issuance of a newly designated Series V Preferred Stock (“Series V”) on a one-for-one basis to the Company’s shareholders (including restricted stock unit holders and warrant holders). The distribution of Series V shares was approved and completed on June 2, 2023 to shareholders as of the record date of May 12, 2023. The Series V: (i) is non-convertible, (ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion of the Board). 14,542,803 The fair value of the Preferred stock as of the record date, May 12, 2023, amounted to approximately $ 2,560,000 2021 Equity Incentive Plan The Company’s 2021 Equity Incentive Plan (the “2021 Plan”) was effective on January 1, 2021 and approved by shareholders on March 31, 2021 and amended on June 13, 2022. The Company received shareholder approval on July 11, 2023 to increase the authorized amount under the 2021 Plan from 7,000,000 12,000,000 Options During the year ended December 31, 2023, the Company granted 85,000 1.29 During the year ended December 31, 2022, the Company granted 50,000 1.51 The following weighted-average assumptions were used to estimate the fair value of options granted on the deemed grant date during the years ended December 31, 2023 and 2022 for the Black-Scholes formula: Schedule of Weighted-Average Assumptions Used to Estimate Fair Value Year Ended December 31, 2023 2022 Exercise price $ 1.29 $ 1.51 Term (years) 5.00 5.00 Expected stock price volatility 151.32 % 165.79 % Risk-free rate of interest 3.97 % 2.77 % Expected Volatility Risk-Free Interest Rate Expected Term A summary of options activity under the Company’s stock option plan for the years ended December 31, 2023 and 2022 are presented below: Summary of Option Activity Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (in years) Outstanding as of December 31, 2021 1,235,000 $ 2.14 $ 1,488,000 4.0 Employee options granted 50,000 1.51 - 1.4 Employee options expired (100,000 ) 1.90 - - Employee options forfeited (35,000 ) 1.50 - - Outstanding as of December 31, 2022 1,150,000 $ 2.15 $ - 3.3 Options vested and exercisable as of December 31, 2022 1,135,000 $ 2.16 $ - 3.3 Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (in years) Outstanding as of December 31, 2022 1,150,000 $ 2.15 $ - 3.3 Employee options granted 85,000 1.29 - 5.0 Employee options forfeited (35,000 ) 1.02 11,100 - Outstanding as of December 31, 2023 1,200,000 $ 2.12 $ 8,700 2.4 Options vested and exercisable as of December 31, 2023 1,145,000 $ 2.15 $ - 2.3 BTCS Inc. NOTES TO FINANCIAL STATEMENTS RSUs On February 22, 2022, the Company granted 45,767 20 45,767 st 200,000 Effective January 2, 2022, the Board ratified grants of RSUs to each independent director. David Garrity, Carol Van Cleef and Charles Lee were each granted 95,544 95,544 300,000 Effective January 2, 2022, the Board, as approved by its Compensation Committee, ratified grants of RSUs to the Company’s executive officers as part of a long-term incentive (“LTI”) plan, with vesting terms set for when the Company’s market capitalization reaches and sustains a market capitalization for 30 consecutive days above four defined market capitalization thresholds of $ 100 150 200 400 Effective February 22, 2022, upon appointment of Manish Paranjape as Chief Technology Officer of the Company, Mr. Paranjape was also granted RSUs as part of the LTI plan, with consistent vesting terms set for when the Company’s market capitalization above the same four defined market capitalization thresholds. Effective January 1, 2023 (the “LTI RSU Amendment Date”), upon recommendation of the Compensation Committee of the Board approved an amendment to the LTI plan, whereby the market capitalization threshold targets were lowered to $ 50 100 150 300 The RSUs granted to each executive employee are as follows: Schedule of Restricted Stock Units Total Market Cap Vesting Thresholds Officer Name Title Grant Date RSUs Granted $ 50 million $ 100 million $ 150 million $ 300 million Charles Allen Chief Executive Officer 1/2/2022 694,444 173,611 173,611 173,611 173,611 Michal Handerhan Chief Operations Officer 1/2/2022 444,444 111,111 111,111 111,111 111,111 Michael Prevoznik Chief Financial Officer 1/2/2022 222,224 55,556 55,556 55,556 55,556 Manish Paranjape Chief Technology Officer 2/22/2022 160,184 40,046 40,046 40,046 40,046 1,521,296 380,324 380,324 380,324 380,324 To the extent any market capitalization targets set forth above for Mr. Prevoznik and Mr. Paranjape are achieved, the RSUs will also be subject to the following five-year vesting schedule: 20 80 For awards vesting upon the achievement of a service condition, compensation cost measured on the grant date will be recognized on a straight-line basis over the vesting period. Stock-based compensation expense for the market-based restricted stock units with explicit service conditions is recognized on a straight-line basis over the longer of the derived service period or the explicit service period, regardless of whether the market condition is satisfied. However, in the event that the explicit service period is not met, previously recognized compensation cost would be reversed. Market-based restricted stock units subject to market-based performance targets require achievement of the performance target as well as a service condition in order for these RSUs to vest. BTCS Inc. NOTES TO FINANCIAL STATEMENTS The Company estimates the fair value of market-based RSUs as of the grant date and expected derived term using a Monte Carlo simulation that incorporates pricing inputs covering the period from the grant date through the end of the derived service period. As of the LTI RSU Amendment Date, the Company determined the pre-modification and post-modification estimated fair value of the LTI RSUs accounting for the amended market cap criteria. The increase in fair value of the LTI RSUs attributable to the modification was valued to be approximately $ 83,000 ASC 718 – Share-Based Compensation The following weighted-average assumptions were used to estimate the fair value of options granted during the years ended December 31, 2023 and 2022 for the Monte-Carlo simulation: Schedule of Weighted-Average Assumptions Used to Estimate Fair Value Valuation Dates January 1, 2023 (Modification) January 2, 2022 (Original Issuance) Vesting Hurdle Price $ 3.81 30.52 $ 8.07 36.99 Term (years) 4.00 5.00 Expected stock price volatility 97.30 % 103.72 % Risk-free rate of interest 4.10 % 1.32 % Expected Volatility Risk-Free Interest Rate Expected Term 5 five-year Vesting Hurdle Price: Effective September 30, 2022, Mr. David Garrity resigned as a director of BTCS, Inc. The Board agreed to fully vest Mr. Garrity’s remaining unvested restricted stock units ( 7,962 5,600 On October 1, 2022, the Company granted a total of 7,962 12,000 On December 9, 2022, upon recommendation of the Compensation Committee, the Board of Directors approved the grant of 25,000 16,000 A summary of the Company’s restricted stock units granted under the 2021 Plan during the years ended December 31, 2023 and 2022 are as follows: Summary of Restricted Stock Number of Restricted Stock Units Weighted Average Grant Date Fair Value Nonvested at December 31, 2022 29,363 $ 5.96 Granted 1,670,569 3.28 Vested (109,379 ) 2.29 Nonvested at December 31, 2022 1,590,553 $ 3.34 Granted 50,000 0.63 Vested (34,180 ) 3.55 Nonvested at December 31, 2023 1,606,373 $ 3.25 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Stock-based Compensation Stock-based compensation expenses are recorded as a part of selling, general and administrative expenses, compensation expenses and cost of revenues. Stock-based compensation expenses for the years ended December 31, 2023 and 2022 were as follows: Schedule of Stock-based Compensation Expense 2023 2022 For the Year Ended December 31, 2023 2022 Employee bonus stock awards $ 675,061 $ 1,152,525 Employee stock option awards 11,726 97,142 Employee restricted stock unit awards 956,526 1,575,475 Non-employee restricted stock awards 195,784 225,207 Stock-based compensation $ 1,839,097 $ 3,050,349 Stock Purchase Warrants The following is a summary of warrant activity for the years ended December 31, 2023 and 2022: Summary of Warrant Activity Number of Warrants Outstanding as of December 31, 2021 962,794 Expiration of warrants (50,294 ) Outstanding as of December 31, 2022 912,500 Expiration of warrants (200,000 ) Outstanding as of December 31, 2023 712,500 BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Executive Compensation

Executive Compensation	12 Months Ended
Executive Compensation	Dec. 31, 2023
Executive Compensation
Executive Compensation	Note 7 – Executive Compensation Employment Agreements Charles W. Allen – Chief Executive Officer and Director On June 22, 2017, we entered into an employment agreement with Charles Allen (the “Allen Employment Agreement”), whereby Mr. Allen agreed to serve as our Chief Executive Officer and Chief Financial Officer for a period of two ( 2 245,000 500 500 On February 6, 2019 we amended the Allen Employment Agreement whereby the annual salary was increased to $ 345,000 4.5 411,419 On June 24, 2022, as a part of its cost-cutting measures, Charles Allen agreed to forfeit $ 25,000 Michal Handerhan – Chief Operating Officer and Director On June 22, 2017, we entered into an employment agreement with Michal Handerhan (the “Handerhan Employment Agreement”), whereby Mr. Handerhan agreed to serve as our Chief Operating Officer and Secretary for a period of two ( 2 190,000 500 500 On February 6, 2019 we amended the Handerhan Employment Agreement whereby the annual salary was increased to $ 215,000 4.5 On January 19, 2022, the Board approved a salary increase for Michael Handerhan to $ 275,000 287,375 On June 24, 2022, as a part of its cost-cutting measures, Michal Handerhan agreed to each forfeit $ 25,000 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Michael Prevoznik – Chief Financial Officer On December 1, 2021 we entered into an employment agreement with Michael Prevoznik (the “Prevoznik Employment Agreement”), whereby Mr. Prevoznik agreed to serve as our Chief Financial Officer in consideration for an annual salary of $ 175,000 500 500 On June 1, 2022, the Board approved a salary increase for Michael Prevoznik to $ 225,000 On December 9, 2022, upon recommendation of the Compensation Committee of the Board approved a 4.5 On January 12, 2024, upon recommendation of the Compensation Committee of the Board approved a 4.5 For the year ended December 31, 2023 Mr. Prevoznik’s annual base salary was $ 235,125 Manish Paranjape – Chief Technology Officer On February 22, 2022 we entered into an employment agreement with Manish Paranjape (the “Paranjape Employment Agreement”), whereby Mr. Paranjape agreed to serve as our Chief Technology Officer in consideration for an annual salary of $ 225,000 500 500 On December 9, 2022, upon recommendation of the Compensation Committee of the Board approved a 4.5 On January 12, 2024, upon recommendation of the Compensation Committee of the Board approved a 4.5 For the year ended December 31, 2023 Mr. Prevoznik’s annual base salary was $ 235,125 BTCS Inc. NOTES TO FINANCIAL STATEMENTS Termination/Severance Provisions The terms of the Allen Employment Agreement and Handerhan Employment Agreement (collectively the “Employment Agreements”) provide each of Messrs. Allen and Handerhan (the “Executives”) certain, severance and change of control benefits if the Executive resigns from the Company for good reason or the Company terminates him other than for cause. In such circumstances, the Executive would be entitled to a lump sum payment equal to (i) the Executive’s then-current base salary, and (ii) payment on a pro-rated basis of any bonus or other payments earned in connection with any bonus plan to which the Executive was a participant. In addition, the severance benefit for the Executives the employment agreements include the Company continuing to pay for medical and life insurance coverage for up to one year following termination. If, within eighteen months following a change of control (as defined below), the Executive’s employment is terminated by the Company without cause or he resigns from the Company for good reason, the Executive will receive certain severance compensation. In such circumstances, the cash benefit to the Executive will be a lump sum payment equal to two times (i) his then-current base salary and (ii) his prior year cash bonus and incentive compensation. Upon the occurrence of a change of control, irrespective of whether his employment with the Company terminates, each Executive’s stock options and equity-based awards will immediately vest. A “change of control” for purposes of the Employment Agreements means any of the following: (i) the sale or partial sale of the Company to an un-affiliated person or entity or group of un-affiliated persons or entities pursuant to which such party or parties acquire shares of capital stock of the Company representing at least twenty five ( 25 Additionally, pursuant to the terms of the Employment Agreements, we have entered into an indemnification agreement with each executive officer. Clawback Policy On November 17, 2023, our Board adopted a clawback policy in accordance with the rules of the Nasdaq Stock Exchange, to recoup “excess” incentive compensation, if any, earned by current and former executive officers during a three year look back period in the event of a financial restatement due to material noncompliance with any financial reporting requirement under the securities laws (with no fault required) Bonuses 2022 Bonuses On January 2, 2022, Charles Allen, the Company’s Chief Executive Officer, was awarded 173,611 111,111 On May 12, 2022, the Compensation Committee of the Board of the Company approved a performance based Annual Cash Incentive Plan (“ACIP”) for the Company’s executives for fiscal year 2022 whereby if an executive meets their performance milestones, the executive will receive a bonus in amount up to 48 107 BTCS Inc. NOTES TO FINANCIAL STATEMENTS On December 9, 2022, upon recommendation of the Compensation Committee, the Board approved an annual performance payout in the aggregate amount of $ 278,498 Schedule of Annual Performance Layout For the Year Ended December 31, 2022 Charles Allen - CEO 104,987 Michal Handerhan - COO 82,500 Michael Prevoznik - CFO 45,000 Manish Paranjape - CTO 46,011 Total Performance Bonuses Earned 278,498 2023 Bonuses On May 11, 2023, the Compensation Committee of the Board of the Company approved a performance based Annual Cash Incentive Plan (“ACIP”) for the Company’s executives for fiscal year 2023 whereby if an executive meets their performance milestones, the executive will receive a bonus in amount up to 64 128 On December 29, 2023, upon recommendation of the Compensation Committee, the Board approved an annual performance payout in the aggregate amount of $ 705,061 For the Year Ended December 31, 2023 Charles Allen - CEO 354,849 Michal Handerhan - COO 151,164 Michael Prevoznik - CFO 101,399 Manish Paranjape - CTO 97,649 Total Performance Bonuses Earned 705,061 BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Accrued Expenses

Accrued Expenses	12 Months Ended
Accrued Expenses	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued Expenses	Note 8 – Accrued Expenses As of December 31, 2023 and 2022, the Company had accrued expenses consisting of the following: Schedule of Accrued Expenses December 31, 2023 December 31, 2022 Accrued compensation $ 712,092 $ 295,935 Accounts payable and accrued expenses 55,058 76,727 Accrued Expenses $ 767,150 $ 372,662 Accrued compensation and related expenses include approximately $ 710,000 284,000

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 9 – Employee Benefit Plans The Company maintains defined contribution benefit plans under Section 401(k) of the Internal Revenue Code covering substantially all qualified employees of the Company (the “401(k) Plan”). Under the 401(k) Plan, the Company may make discretionary contributions of up to 100 95,000 45,000

Liquidity

Liquidity	12 Months Ended
Liquidity	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity	Note 10 – Liquidity The Company follows “ Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern As reflected in the financial statements, the Company has historically incurred a net loss and has an accumulated deficit of approximately $ 138,677,000 3,562,000 The Company has sustained recurring losses and negative cash flows from operations. Over the past year, the Company’s growth has been funded through the sale of common stock equity. As of December 31, 2023, the Company had approximately $ 1,458,000 BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 11 - Income Taxes The Company had no The tax effects of temporary differences and tax loss and credit carry forwards that give rise to significant portions of deferred tax assets and liabilities at December 31, 2023 and 2022 are comprised of the following: Schedule of Deferred Tax Assets and Liabilities 2023 2022 As of December 31, 2023 2022 Deferred tax assets: Federal net-operating loss carryforward $ 3,488,995 $ 2,776,943 State net-operating loss carryforward 592,038 360,818 Other (non-qualified stock options) 15,997 225,794 Total deferred tax assets 4,097,030 3,363,555 Deferred tax liabilities: Unrealized gains on crypto assets 715,899 - Total deferred tax liabilities 715,899 - Valuation allowance (3,381,131 ) (3,363,555 ) Deferred tax assets, net $ - $ - At December 31, 2023, the Company had net operating loss (“NOL”) carry forwards for federal and state tax purposes of approximately $ 25,753,000 expire in 2034 The 20-year carryforward period has been replaced with an indefinite carryforward period for these NOLs generated in tax years beginning after December 31, 2017 and future years Accordingly, the amount of Federal NOLs that were generated in the tax year December 31, 2014 in the amount of $ 1,290,156 December 31, 2034 1,545,343 December 31, 2035 794,762 December 31, 2036 1,084,564 December 31, 2037 11,899,437 Prior to the February 5, 2014 merger, the Company had generated net operating losses, which the Company’s preliminary analysis indicates would be subject to significant limitations pursuant to Internal Revenue Code Section 382. The Company has not completed its IRC Section 382 Valuation, as required and the NOL’s because of potential Change of Ownerships might be completely worthless. As of December 31, 2023, the Company had a deferred tax liability related to the unrealized gains on its crypto assets amounting to $ 715,899 Therefore, Management of the Company has recorded a Full Valuation Reserve, since it is more likely than not that no benefit will be realized for the Deferred Tax Assets. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the period in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and taxing strategies in making this assessment. In case the deferred tax assets will not be realized in future periods, the Company has provided a valuation allowance for the full amount of the deferred tax assets at December 31, 2023 and 2022. The valuation allowance increased by approximately $ 18,000 The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows: Schedule of Income Tax Rate 2023 2022 For the years ended December 31, 2023 2022 Statutory Federal Income Tax Rate (21.0 )% (21.0 )% State Taxes, Net of Federal Tax Benefit (6.48 )% (6.72 )% Federal tax rate change 0.0 % 0.0 % Other 27.48 % 27.72 % Change in Valuation Allowance (0.0 )% (0.0 )% Income Taxes Provision (Benefit) - % - % The Company has not identified any uncertain tax positions requiring a reserve as of December 31, 2023 and 2022. BTCS Inc. NOTES TO FINANCIAL STATEMENTS

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 12 - Subsequent Events The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements other than disclosed. On December 29, 2023, upon recommendation of the Compensation Committee, the Board of BTCS Inc. approved the grant of 50,000 vest annually over a 5-year period (10,000 per year) with the first vesting date of December 31, 2024 and each subsequent vesting on the one-year anniversary of the first vesting date, subject to continued employment on each applicable vesting date On January 12, 2024, Messrs. Allen and Handerhan both informed the Compensation Committee, that for personal reasons, they each do not accept, and forfeit, the 50,000 50,000 vest annually over a 5-year period (10,000 per year) with the first vesting date of December 31, 2024 and each subsequent vesting on the one-year anniversary of the first vesting date, subject to continued employment on each applicable vesting date

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”).
Reclassifications	Reclassifications Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported net income (loss).
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of six months or less when purchased to be cash and cash equivalents. The Company maintains cash and cash equivalent balances at financial institutions that are insured by the FDIC.As of December 31, 2023 and 2022, the Company had approximately $ 1,458,000 2,147,000 Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 933,000 1,682,000
Stablecoins	Stablecoins The Company holds stablecoins, such as USDT (Tether) and USDC (USD Coin), which are crypto assets that are pegged to the value of one U.S. dollar and can be redeemed on demand for one U.S. dollar. Our stablecoins are typically held in secure digital wallets or on crypto asset exchanges. The Company acquires and holds stablecoins primarily to facilitate crypto asset transactions, including, but not limited to, payments to third-party vendors. The Company accounts for its stablecoins as indefinite-lived intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other
Crypto Assets	Crypto Assets Fair Value Measurement The Company’s fair value measurement for its crypto assets is guided by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurement Kraken has been identified as the principal market for the Company’s crypto assets, serving as the Company’s primary cryptocurrency exchange for both purchases and sales. This determination is based on a comprehensive evaluation process that considers various factors, including regulatory compliance, trading activity, and price stability. The Company places significant trust in Kraken’s well-established reliability and robust capabilities. To determine the fair value of its crypto assets, the Company relies primarily on coinmarketcap.com (“CoinMarketCap”) as the principal pricing source. The selection of CoinMarketCap is the result of thorough due diligence, which identified it as the most reliable source for consistently obtaining timely and accurate crypto asset price data, covering all the crypto assets held by the Company. The real-time pricing from CoinMarketCap is notably aligned with the bid/ask quotes observed on the Company’s primary exchange and principal market, Kraken. While Kraken is designated as the primary exchange, the Company maintains the flexibility to engage in cryptocurrency transactions on other exchanges where it maintains accounts. This flexibility allows the Company to adapt to changing market conditions and explore alternative platforms when necessary to ensure cost-effective execution and fair value measurement using the most advantageous market. The determination of Kraken as the principal market reflects the Company’s commitment to making informed decisions based on regulatory compliance, trading activity, and price stability and achieving the most accurate representation of fair value for its crypto assets. The Company regularly reviews and assesses its choice of principal market to ensure it aligns with its objectives and the evolving landscape of the cryptocurrency market. BTCS Inc. NOTES TO FINANCIAL STATEMENTS Accounting for Crypto Assets The cost basis of the Company’s crypto assets is initially recorded at their fair value using the U.S. dollar spot price of the related crypto asset at 4:00 p.m., New York time, on the date of receipt (or “carrying value”). Crypto assets are measured at their fair respective fair market values at each reporting period end on the balance sheets and classified as either ‘Staked Crypto Assets’ or ‘Crypto Assets’ to distinguish their nature within the respective balances. Staked crypto assets are presented as current assets if their lock-up periods are less than 12 months, and as long-term other assets if the lock-up extends beyond one year. The majority of our crypto assets are staked, typically with lock-up periods of less than 21 days, and are considered current assets in accordance with ASC 210-10-20, Balance Sheet , due to the Company’s ability to sell them in a liquid marketplace, as we have a reasonable expectation that they will be realized in cash or sold or consumed during the normal operating cycle of our business to support operations when needed The classification of purchases and sales in the statements of cash flows is determined based on the nature of the crypto assets, which can be categorized as ‘productive’ (i.e. acquired for purposes of staking) or ‘non-productive’ (e.g. bitcoin). Acquisitions of non-productive crypto assets are treated as operating activities, while acquisitions of productive crypto assets are classified as investing activities in accordance with ASC 230-10-20, Investing activities Effective January 1, 2023, the Company has elected to early adopt ASU No. 2023-08 Prior to the Company’s adoption of ASU No. 2023-08, the Company accounted for its crypto assets as indefinite-lived intangible assets in accordance with ASC 350, Intangibles –Goodwill and Other Prior to the Company’s adoption of ASU No. 2023-08, on a quarterly basis, crypto assets were measured at carrying value, net of any impairment losses incurred since receipt. The Company recorded impairment losses as the fair value fell below the carrying value of the crypto assets at any time during the period, as determined using the lowest intraday U.S. dollar spot price of the related crypto asset subsequent to its acquisition. The crypto assets could only be marked down when impaired and not marked up when their value increases. Impairment losses could not be recovered for any subsequent increase in fair value until the sale or disposal of the asset. Such impairment in the value of crypto assets was recorded as a component of costs and expenses in our statements of operations. The Company recorded impairment losses of approximately $ 0 13,349,000 Realized gain (loss) on sale of crypto assets are included in other income (expense) in the statements of operations. The Company recorded realized gains (losses) on crypto assets of approximately ($ 604,000 507,000 BTCS Inc. NOTES TO FINANCIAL STATEMENTS
Revenue Recognition	Revenue Recognition The Company recognizes revenue under ASC 606 , Revenue from Contracts with Customers ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the Company satisfies a performance obligation Revenue is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company generates revenue through staking rewards generated from its blockchain infrastructure operations. The transaction consideration the Company receives - the crypto asset awards and gas fees - are a non-cash consideration, which the Company measures at fair value on the date received. The fair value of the crypto asset award received is determined using the U.S. dollar spot price of the related crypto asset at 4:00 p.m., New York time, on the date of receipt. Blockchain Infrastructure The Company engages in network-based smart contracts by running its own crypto asset validator nodes as well as by staking (or “delegating”) crypto assets directly to both its own validator nodes and nodes run by third-party operators. Through these contracts, the Company provides crypto assets to stake to a node for the purpose of validating transactions and adding blocks to a respective blockchain network. The term of a smart contract can vary based on the rules of the respective blockchain and typically last from a few days to several weeks after it is cancelled (or “un-staked”) by the delegator and requires that the crypto assets staked remain locked up during the duration of the smart contract. In exchange for staking the crypto assets and validating transactions on blockchain networks, the Company is entitled to all of the fixed crypto asset award earned from the network when delegating to the Company’s own node and is entitled to a fractional share of the fixed crypto asset award a third-party node operator receives (less crypto asset transaction fees payable to the node operator, which are immaterial and are recorded as a deduction from revenue), for successfully validating or adding a block to the blockchain. The Company’s fractional share of awards received from delegating to a third-party validator node is proportionate to the crypto assets staked by the Company compared to the total crypto assets staked by all Delegators to that node at that time. The provision of validating blockchain transactions is an output of the Company’s ordinary activities. Each separate block creation or validation under a smart contract with a network represents a performance obligation. The satisfaction of the performance obligation for processing and validating blockchain transactions occurs at a point in time when confirmation is received from the network indicating that the validation is complete, and the awards are available for transfer. At that point, revenue is recognized. BTCS Inc. NOTES TO FINANCIAL STATEMENTS The following table details the native token rewards and their respective fair market value recognized as revenue during the years ended December 31, 2023. The tables distinguish between token rewards earned from staking to BTCS run Validator nodes as well as delegating to validator nodes operated by unaffiliated third-parties. Crypto assets earned from staking to BTCS validator nodes Schedule Of Crypto Assets Earned From BitCoins FY 2022 FY 2022 FY 2023 FY 2023 Asset Token Rewards Revenue ($USD) Token Rewards Revenue ($USD) Ethereum (ETH) 390 $ 768,992 358 $ 639,357 Cosmos (Atom) 15,200 $ 214,217 43,268 $ 408,964 Kava (KAVA) 49,690 $ 114,603 53,435 $ 43,642 Kusama (KSM) 824 $ 73,138 820 $ 21,981 Mina (MINA) 4,320 $ 2,594 15,840 $ 10,959 Evmos (EVMOS) - $ - 89,591 $ 10,807 Akash (AKT) 6,376 $ 1,459 11,666 $ 9,808 Avalanche (Avax) 1,051 $ 30,791 664 $ 9,117 NEAR Protocol (NEAR) 970 $ 1,512 5,494 $ 8,836 Oasis Network (ROSE) 9,758 $ 533 98,001 $ 5,802 Tezos (XTZ) 3,620 $ 7,048 2,413 $ 2,326 Terra (Luna) 61 $ 5,401 - $ - Algorand (Algo) 98 $ 115 - $ - Total earned from staking to BTCS validator nodes - $ 1,220,403 $ 1,171,599 Crypto assets earned from staking to third-party validator nodes Schedule of Crypto Assets Earned From Third Party FY 2022 FY 2022 FY 2023 FY 2023 Asset Token Rewards Revenue ($USD) Token Rewards Revenue ($USD) Axie Infinity (AXS) 17,392 $ 385,101 18,522 $ 127,691 Polygon (Matic) 31,395 $ 27,826 24,878 $ 20,613 Solana (SOL) 407 $ 20,428 474 $ 11,592 Polkadot (DOT) 2,989 $ 35,658 1,371 $ 7,358 Cardano (ADA) 5,102 $ 3,038 2,394 $ 775 Total earned from staking to third-party validator nodes $ 472,051 $ 168,029 Total $ 1,692,454 $ 1,339,628
Cost of Revenue	Cost of Revenue The Company’s cost of revenue related to its blockchain infrastructure operations primarily includes direct production costs associated with transaction validation on the network, cloud-based server hosting expenses related to our validator nodes, and allocated employee salaries dedicated to node maintenance and support. Additionally, the cost of revenue encompasses fees, including equity compensation stock-based fees paid to third parties for their assistance in software maintenance and node operations. These costs directly related to production of revenues are collectively summarized as “Validator expenses” in the statements of operations. BTCS Inc. NOTES TO FINANCIAL STATEMENTS
Internally Developed Software	Internally Developed Software Internally developed software consists of the core technology of the Company’s StakeSeeker platform, which is being designed to allow users to track, monitor and analyze their aggregate cryptocurrency portfolio holdings by connecting their crypto exchanges and digital wallets as well as providing a non-custodial delegation process to earn staking rewards on crypto asset holdings. For internally developed software, the Company uses both its own employees as well as the services of external vendors and independent contractors. The Company accounts for computer software used in the business in accordance with ASC 985-20 and ASC 350. ASC 985-20, Software-Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed, ASC 350, Intangibles-Goodwill and Other
Property and Equipment	Property and Equipment Property and equipment consist of computer, equipment and office furniture and fixtures, all of which are recorded at cost. Depreciation and amortization are recorded using the straight-line method over the respective useful lives of the assets ranging from three to five years. Long-lived assets are reviewed for impairment whenever events or circumstances indicate that the carrying amount of these assets may not be recoverable.
Use of Estimates	Use of Estimates The accompanying financial statements have been prepared in conformity with U.S. GAAP. This requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the period. The Company’s significant estimates and assumptions include the recoverability and useful lives of indefinite life intangible assets, stock-based compensation, and the valuation allowance related to the Company’s deferred tax assets. Certain of the Company’s estimates, including the carrying amount of the indefinite life intangible assets, could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates and assumptions.
Income Taxes	Income Taxes The Company recognizes income taxes on an accrual basis based on tax positions taken or expected to be taken in its tax returns. A tax position is defined as a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement. BTCS Inc. NOTES TO FINANCIAL STATEMENTS
Accounting for Warrants	Accounting for Warrants The Company accounts for the issuance of Common Stock purchase warrants issued in connection with the equity offerings in accordance with the provisions of ASC 815, Derivatives and Hedging The Company assessed the classification of Common Stock purchase warrants as of the date of each offering and determined that such instruments originally met the criteria for equity classification; however, as a result of the Company no longer being in control of whether the warrants may be cash settled, the instruments no longer qualify for equity classification. Accordingly, the Company classified the warrants as a liability at their fair value and adjusts the instruments to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until the warrants are exercised or expired, and any change in fair value is recognized as “change in the fair value of warrant liabilities” in the statements of operations. The fair value of the warrants has been estimated using a Black-Scholes valuation model (see Note 4).
Stock-based Compensation	Stock-based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation - Stock Compensation Share-based payment awards exchanged for services are accounted for at the fair value of the award on the estimated grant date. Options Stock options issued under the Company’s long-term incentive plans are granted with an exercise price equal to no less than the market price of the Company’s stock at the date of grant and expire up to ten years from the date of grant. The Company estimates the fair value of stock option grants using the Black-Scholes option pricing model and the assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. BTCS Inc. NOTES TO FINANCIAL STATEMENTS Restricted Stock Units (“RSUs”) For awards vesting upon the achievement of a service condition, compensation cost measured on the grant date will be recognized on a straight-line basis over the vesting period. Stock-based compensation expense for the market-based restricted stock units with explicit service conditions is recognized on a straight-line basis over the longer of the derived service period or the explicit service period, regardless of whether the market condition is satisfied. However, in the event that the explicit service period is not met, previously recognized compensation cost would be reversed. Market-based restricted stock units subject to market-based performance targets require achievement of the performance target as well as a service condition in order for these RSUs to vest. The Company estimates the fair value of market-based RSUs as of the grant date and expected derived term using a Monte Carlo simulation that incorporates pricing inputs covering the period from the grant date through the end of the derived service period.
Dividends	Dividends Effective January 27, 2023, the Company’s Board of Directors (the “Board”) approved the issuance of a newly designated Series V Preferred Stock (“Series V”) on a one-for-one basis to the Company’s shareholders (including restricted stock unit holders and warrant holders who were entitled to such distribution). The distribution of Series V shares was approved and completed on June 2, 2023 to shareholders as of the record date of May 12, 2023. The Series V: (i) is non-convertible, (ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion of the Board). 14,542,803 On January 5, 2022, the Board declared a non-recurring special dividend of $ 0.05 0 631,000 The Company will evaluate the appropriateness of potential future dividends as the Company continues to grow its operations.
Advertising Expense	Advertising Expense Advertisement costs are expensed as incurred and included in marketing expenses. Advertising and marketing expenses amounted to approximately $ 12,000 78,000
Net Income (Loss) per Share	Net Income (Loss) per Share Basic income (loss) per share is computed by dividing the net income or loss applicable to common shares by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the Company’s restricted stock units, options and warrants. Diluted loss per share excludes the shares issuable upon the conversion of preferred stock, notes and warrants from the calculation of net loss per share if their effect would be anti-dilutive. The following financial instruments were not included in the diluted loss per share calculation as of December 31, 2023 and 2022 because their effect was anti-dilutive: Schedule of Earnings Per Share Anti-diluted 2023 2022 As of December 31, 2023 2022 Warrants to purchase common stock 712,500 912,500 Options 1,200,000 1,150,000 Non-vested restricted stock awards units 1,606,373 1,590,553 Total 3,518,873 3,653,053 Anti-dilutive securities 3,518,873 3,653,053 BTCS Inc. NOTES TO FINANCIAL STATEMENTS
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60) Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule Of Crypto Assets Earned From BitCoins	Crypto assets earned from staking to BTCS validator nodes Schedule Of Crypto Assets Earned From BitCoins FY 2022 FY 2022 FY 2023 FY 2023 Asset Token Rewards Revenue ($USD) Token Rewards Revenue ($USD) Ethereum (ETH) 390 $ 768,992 358 $ 639,357 Cosmos (Atom) 15,200 $ 214,217 43,268 $ 408,964 Kava (KAVA) 49,690 $ 114,603 53,435 $ 43,642 Kusama (KSM) 824 $ 73,138 820 $ 21,981 Mina (MINA) 4,320 $ 2,594 15,840 $ 10,959 Evmos (EVMOS) - $ - 89,591 $ 10,807 Akash (AKT) 6,376 $ 1,459 11,666 $ 9,808 Avalanche (Avax) 1,051 $ 30,791 664 $ 9,117 NEAR Protocol (NEAR) 970 $ 1,512 5,494 $ 8,836 Oasis Network (ROSE) 9,758 $ 533 98,001 $ 5,802 Tezos (XTZ) 3,620 $ 7,048 2,413 $ 2,326 Terra (Luna) 61 $ 5,401 - $ - Algorand (Algo) 98 $ 115 - $ - Total earned from staking to BTCS validator nodes - $ 1,220,403 $ 1,171,599
Schedule of Crypto Assets Earned From Third Party	Crypto assets earned from staking to third-party validator nodes Schedule of Crypto Assets Earned From Third Party FY 2022 FY 2022 FY 2023 FY 2023 Asset Token Rewards Revenue ($USD) Token Rewards Revenue ($USD) Axie Infinity (AXS) 17,392 $ 385,101 18,522 $ 127,691 Polygon (Matic) 31,395 $ 27,826 24,878 $ 20,613 Solana (SOL) 407 $ 20,428 474 $ 11,592 Polkadot (DOT) 2,989 $ 35,658 1,371 $ 7,358 Cardano (ADA) 5,102 $ 3,038 2,394 $ 775 Total earned from staking to third-party validator nodes $ 472,051 $ 168,029 Total $ 1,692,454 $ 1,339,628
Schedule of Earnings Per Share Anti-diluted	The following financial instruments were not included in the diluted loss per share calculation as of December 31, 2023 and 2022 because their effect was anti-dilutive: Schedule of Earnings Per Share Anti-diluted 2023 2022 As of December 31, 2023 2022 Warrants to purchase common stock 712,500 912,500 Options 1,200,000 1,150,000 Non-vested restricted stock awards units 1,606,373 1,590,553 Total 3,518,873 3,653,053 Anti-dilutive securities 3,518,873 3,653,053

Crypto Assets (Tables)

Crypto Assets (Tables)	12 Months Ended
Crypto Assets (Tables)	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Crypto Assets Held	The following table presents the Company’s crypto assets held as of December 31, 2023: Schedule of Crypto Assets Held Asset Tokens Cost Fair Market Value Ethereum (ETH) 7,815 $ 8,862,438 $ 17,829,264 Cosmos (Atom) 270,098 4,843,231 2,860,870 Solana (SOL) 7,845 535,109 796,327 Avalanche (Avax) 17,842 1,129,281 687,713 Axie Infinity (AXS) 60,552 1,913,988 535,546 Polygon (Matic) 506,010 848,606 491,138 Oasis Network (ROSE) 2,647,629 157,541 363,571 Kusama (KSM) 7,313 1,427,083 329,353 Kava (KAVA) 345,394 1,089,300 301,429 NEAR Protocol (NEAR) 80,267 162,780 293,204 Akash (AKT) 119,071 46,156 291,574 Cardano (ADA) 265,254 402,901 157,615 Mina (MINA) 90,017 63,539 122,007 Polkadot (DOT) 8,650 139,711 70,879 Evmos (EVMOS) 345,777 97,404 43,886 Tezos (XTZ) 26,174 73,318 26,379 Band Protocol (BAND) 992 1,500 2,174 Total - $ 21,793,886 $ 25,202,929
Schedule of Crypto Asset Activities	The following table presents a rollforward of the Company’s crypto asset activities for the years ended December 31, 2023 and 2022: Schedule of Crypto Asset Activities December 31, 2021 - Book Value $ 12,365,472 Purchases of crypto assets 9,453,024 Rewards earned from staking 1,692,454 Sales of crypto assets (3,132,920 ) Realized gains on sale of crypto assets 506,757 Impairment loss (13,348,874 ) December 31, 2022 - Book Value $ 7,535,913 Opening adjustment for change in accounting principle 4,986,377 Purchases of crypto assets 1,804,482 Rewards earned from staking 1,339,628 Sales of crypto assets (1,994,851 ) Realized gains on sale of crypto assets 147,295 Realized losses on sale of crypto assets (751,563 ) Change in unrealized appreciation (depreciation) of crypto assets 12,135,648 December 31, 2023 - Fair Market Value $ 25,202,929

Fair Value of Financial Asset_2

Fair Value of Financial Assets and Liabilities (Tables)	12 Months Ended
Fair Value of Financial Assets and Liabilities (Tables)	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis	The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets and liabilities as of December 31, 2023 and 2022: Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis Fair Value Measured at December 31, 2023 Total at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2023 (Level 1) (Level 2) (Level 3) Assets Crypto Assets $ 25,202,929 $ 25,202,929 $ - $ - Investments 100,000 - - 100,000 Total Assets $ 25,302,929 $ 25,202,929 $ - $ 100,000 Liabilities Warrant Liabilities $ 213,750 $ - $ - $ 213,750 Fair Value Measured at December 31, 2022 Total at December 31, Quoted prices in active markets Significant other observable inputs Significant unobservable inputs 2022 (Level 1) (Level 2) (Level 3) Assets Investments $ 100,000 $ - $ - $ 100,000 Liabilities Warrant Liabilities $ 213,750 $ - $ - $ 213,750
Schedule of Changes in Fair Value and Other Adjustments of Warrants	The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial assets and liabilities for the years ended December 31, 2023 and 2022, that are measured at fair value on a recurring basis: Schedule of Changes in Fair Value and Other Adjustments of Warrants Fair Value of Level 3 Financial Assets December 31, December 31, 2023 2022 Beginning balance $ 100,000 $ - Purchases - 100,000 Unrealized appreciation (depreciation) - - Ending balance $ 100,000 $ 100,000 Fair Value of Level 3 Financial Liabilities December 31, December 31, 2023 2022 Beginning balance $ 213,750 $ 1,852,500 Warrant liabilities classification - - Fair value adjustment of warrant liabilities - (1,638,750 ) Ending balance $ 213,750 $ 213,750
Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities	A summary of quantitative information with respect to the valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of December 31, 2023 and 2022, is as follows: Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities December 31, 2023 December 31, 2022 Risk-free rate of interest 4.23 % 3.99 % Expected volatility 102.81 % 152.84 % Expected life (in years) 2.18 3.18 Expected dividend yield - -

Stockholders_ Equity (Deficit)

Stockholders’ Equity (Deficit) (Tables)	12 Months Ended
Stockholders’ Equity (Deficit) (Tables)	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value	The following weighted-average assumptions were used to estimate the fair value of options granted during the years ended December 31, 2023 and 2022 for the Monte-Carlo simulation: Schedule of Weighted-Average Assumptions Used to Estimate Fair Value Valuation Dates January 1, 2023 (Modification) January 2, 2022 (Original Issuance) Vesting Hurdle Price $ 3.81 30.52 $ 8.07 36.99 Term (years) 4.00 5.00 Expected stock price volatility 97.30 % 103.72 % Risk-free rate of interest 4.10 % 1.32 %
Summary of Option Activity	A summary of options activity under the Company’s stock option plan for the years ended December 31, 2023 and 2022 are presented below: Summary of Option Activity Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (in years) Outstanding as of December 31, 2021 1,235,000 $ 2.14 $ 1,488,000 4.0 Employee options granted 50,000 1.51 - 1.4 Employee options expired (100,000 ) 1.90 - - Employee options forfeited (35,000 ) 1.50 - - Outstanding as of December 31, 2022 1,150,000 $ 2.15 $ - 3.3 Options vested and exercisable as of December 31, 2022 1,135,000 $ 2.16 $ - 3.3 Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (in years) Outstanding as of December 31, 2022 1,150,000 $ 2.15 $ - 3.3 Employee options granted 85,000 1.29 - 5.0 Employee options forfeited (35,000 ) 1.02 11,100 - Outstanding as of December 31, 2023 1,200,000 $ 2.12 $ 8,700 2.4 Options vested and exercisable as of December 31, 2023 1,145,000 $ 2.15 $ - 2.3
Schedule of Restricted Stock Units	The RSUs granted to each executive employee are as follows: Schedule of Restricted Stock Units Total Market Cap Vesting Thresholds Officer Name Title Grant Date RSUs Granted $ 50 million $ 100 million $ 150 million $ 300 million Charles Allen Chief Executive Officer 1/2/2022 694,444 173,611 173,611 173,611 173,611 Michal Handerhan Chief Operations Officer 1/2/2022 444,444 111,111 111,111 111,111 111,111 Michael Prevoznik Chief Financial Officer 1/2/2022 222,224 55,556 55,556 55,556 55,556 Manish Paranjape Chief Technology Officer 2/22/2022 160,184 40,046 40,046 40,046 40,046 1,521,296 380,324 380,324 380,324 380,324
Summary of Restricted Stock	A summary of the Company’s restricted stock units granted under the 2021 Plan during the years ended December 31, 2023 and 2022 are as follows: Summary of Restricted Stock Number of Restricted Stock Units Weighted Average Grant Date Fair Value Nonvested at December 31, 2022 29,363 $ 5.96 Granted 1,670,569 3.28 Vested (109,379 ) 2.29 Nonvested at December 31, 2022 1,590,553 $ 3.34 Granted 50,000 0.63 Vested (34,180 ) 3.55 Nonvested at December 31, 2023 1,606,373 $ 3.25
Schedule of Stock-based Compensation Expense	Stock-based compensation expenses are recorded as a part of selling, general and administrative expenses, compensation expenses and cost of revenues. Stock-based compensation expenses for the years ended December 31, 2023 and 2022 were as follows: Schedule of Stock-based Compensation Expense 2023 2022 For the Year Ended December 31, 2023 2022 Employee bonus stock awards $ 675,061 $ 1,152,525 Employee stock option awards 11,726 97,142 Employee restricted stock unit awards 956,526 1,575,475 Non-employee restricted stock awards 195,784 225,207 Stock-based compensation $ 1,839,097 $ 3,050,349
Summary of Warrant Activity	The following is a summary of warrant activity for the years ended December 31, 2023 and 2022: Summary of Warrant Activity Number of Warrants Outstanding as of December 31, 2021 962,794 Expiration of warrants (50,294 ) Outstanding as of December 31, 2022 912,500 Expiration of warrants (200,000 ) Outstanding as of December 31, 2023 712,500
2021 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value	Schedule of Weighted-Average Assumptions Used to Estimate Fair Value Year Ended December 31, 2023 2022 Exercise price $ 1.29 $ 1.51 Term (years) 5.00 5.00 Expected stock price volatility 151.32 % 165.79 % Risk-free rate of interest 3.97 % 2.77 %

Executive Compensation (Tables)

Executive Compensation (Tables)	12 Months Ended
Executive Compensation (Tables)	Dec. 31, 2023
Executive Compensation
Schedule of Annual Performance Layout	Schedule of Annual Performance Layout For the Year Ended December 31, 2022 Charles Allen - CEO 104,987 Michal Handerhan - COO 82,500 Michael Prevoznik - CFO 45,000 Manish Paranjape - CTO 46,011 Total Performance Bonuses Earned 278,498 For the Year Ended December 31, 2023 Charles Allen - CEO 354,849 Michal Handerhan - COO 151,164 Michael Prevoznik - CFO 101,399 Manish Paranjape - CTO 97,649 Total Performance Bonuses Earned 705,061

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
Accrued Expenses (Tables)	Dec. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	As of December 31, 2023 and 2022, the Company had accrued expenses consisting of the following: Schedule of Accrued Expenses December 31, 2023 December 31, 2022 Accrued compensation $ 712,092 $ 295,935 Accounts payable and accrued expenses 55,058 76,727 Accrued Expenses $ 767,150 $ 372,662

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences and tax loss and credit carry forwards that give rise to significant portions of deferred tax assets and liabilities at December 31, 2023 and 2022 are comprised of the following: Schedule of Deferred Tax Assets and Liabilities 2023 2022 As of December 31, 2023 2022 Deferred tax assets: Federal net-operating loss carryforward $ 3,488,995 $ 2,776,943 State net-operating loss carryforward 592,038 360,818 Other (non-qualified stock options) 15,997 225,794 Total deferred tax assets 4,097,030 3,363,555 Deferred tax liabilities: Unrealized gains on crypto assets 715,899 - Total deferred tax liabilities 715,899 - Valuation allowance (3,381,131 ) (3,363,555 ) Deferred tax assets, net $ - $ -
Schedule of Income Tax Rate	The expected tax expense (benefit) based on the U.S. federal statutory rate is reconciled with actual tax expense (benefit) as follows: Schedule of Income Tax Rate 2023 2022 For the years ended December 31, 2023 2022 Statutory Federal Income Tax Rate (21.0 )% (21.0 )% State Taxes, Net of Federal Tax Benefit (6.48 )% (6.72 )% Federal tax rate change 0.0 % 0.0 % Other 27.48 % 27.72 % Change in Valuation Allowance (0.0 )% (0.0 )% Income Taxes Provision (Benefit) - % - %

Schedule Of Crypto Assets Earne

Schedule Of Crypto Assets Earned From BitCoins (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Revenues	$ 1,339,628	$ 1,692,454
Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Revenues	1,171,599	1,220,403
Ethereum [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	358	390
Revenues	639,357	768,992
Cosmos [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	43,268	15,200
Revenues	408,964	214,217
Kava [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	53,435	49,690
Revenues	43,642	114,603
Kusama [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	820	824
Revenues	21,981	73,138
Mina [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	15,840	4,320
Revenues	10,959	2,594
Evmos [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	89,591
Revenues	10,807
Akash [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	11,666	6,376
Revenues	9,808	1,459
Avalanche [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	664	1,051
Revenues	9,117	30,791
Near Protocol [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	5,494	970
Revenues	8,836	1,512
Oasis Network [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	98,001	9,758
Revenues	5,802	533
Tezos [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	2,413	3,620
Revenues	2,326	7,048
Terra [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards		61
Revenues		5,401
Algorand [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards		98
Revenues		$ 115

Schedule of Crypto Assets Ear_2

Schedule of Crypto Assets Earned From Third Party (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Platform Operator, Crypto-Asset [Line Items]
Revenues	$ 1,339,628	$ 1,692,454
Third Party [Member]
Platform Operator, Crypto-Asset [Line Items]
Revenues	168,029	472,051
Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Revenues	1,171,599	1,220,403
Axie Infinity [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	18,522	17,392
Revenues	127,691	385,101
Polygon [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	24,878	31,395
Revenues	20,613	27,826
Solana [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	474	407
Revenues	11,592	20,428
Polkadot [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	1,371	2,989
Revenues	7,358	35,658
Cardano [Member] \| Bitcoin [Member]
Platform Operator, Crypto-Asset [Line Items]
Token rewards	2,394	5,102
Revenues	$ 775	$ 3,038

Schedule of Earnings Per Share

Schedule of Earnings Per Share Anti-diluted (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	3,518,873	3,653,053
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	712,500	912,500
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	1,200,000	1,150,000
Non Vested Restricted Stock Awards Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	1,606,373	1,590,553

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)		12 Months Ended
	Jun. 02, 2023	Dec. 31, 2023	Dec. 31, 2022	Jan. 05, 2022
Property, Plant and Equipment [Line Items]
Cash		$ 1,458,000	$ 2,147,000
Cash, FDIC insured amount		933,000	1,682,000
Impairment losses		0	13,349,000
Realized investment gains losses		$ 604,000	507,000
Income tax likelihood percentage description		Tax positions are recognized only when it is more likely than not (i.e., likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. Tax positions that meet the more likely than not threshold are measured using a probability-weighted approach as the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement.
Liquidation preference		The Series V: (i) is non-convertible, (ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion of the Board).
Payments of dividends		$ 0	631,000
Advertising and marketing expenses		$ 12,000	$ 78,000
Board of Directors [Member]
Property, Plant and Equipment [Line Items]
Dividend per share				$ 0.05
Series V Preferred Stock [Member]
Property, Plant and Equipment [Line Items]
Liquidation preference		The Series V: (i) is non-convertible, (ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion of the Board).
Preferred Stock [Member] \| Series V Preferred Stock [Member]
Property, Plant and Equipment [Line Items]
Number of shares issued	14,542,803
Maximum [Member]
Property, Plant and Equipment [Line Items]
Cash, FDIC insured amount		$ 250,000

Changes in Accounting Princip_2

Changes in Accounting Principle (Details Narrative)	12 Months Ended
Changes in Accounting Principle (Details Narrative)	Dec. 31, 2022 USD ($)
Changes In Accounting Principle
Fair value of crypto assets	$ 4,986,000

Schedule of Crypto Assets Held

Schedule of Crypto Assets Held (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Platform Operator, Crypto-Asset [Line Items]
Tokens
Cost	21,793,886
Fair Market Value	25,202,929	$ 7,535,913	$ 12,365,472
Ethereum [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	7,815
Cost	8,862,438
Fair Market Value	17,829,264
Cosmos [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	270,098
Cost	4,843,231
Fair Market Value	2,860,870
Solana [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	7,845
Cost	535,109
Fair Market Value	796,327
Avalanche [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	17,842
Cost	1,129,281
Fair Market Value	687,713
Axie Infinity [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	60,552
Cost	1,913,988
Fair Market Value	535,546
Polygon [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	506,010
Cost	848,606
Fair Market Value	491,138
Oasis Network [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	2,647,629
Cost	157,541
Fair Market Value	363,571
Kusama [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	7,313
Cost	1,427,083
Fair Market Value	329,353
Kava [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	345,394
Cost	1,089,300
Fair Market Value	301,429
Near Protocol [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	80,267
Cost	162,780
Fair Market Value	293,204
Akash [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	119,071
Cost	46,156
Fair Market Value	291,574
Cardano [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	265,254
Cost	402,901
Fair Market Value	157,615
Mina [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	90,017
Cost	63,539
Fair Market Value	122,007
Polkadot [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	8,650
Cost	139,711
Fair Market Value	70,879
Evmos [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	345,777
Cost	97,404
Fair Market Value	43,886
Tezos [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	26,174
Cost	73,318
Fair Market Value	26,379
Band Protocol [Member]
Platform Operator, Crypto-Asset [Line Items]
Tokens	992
Cost	1,500
Fair Market Value	$ 2,174

Schedule of Crypto Asset Activi

Schedule of Crypto Asset Activities (Details) - USD ($)	12 Months Ended
Schedule of Crypto Asset Activities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
December 31, 2022 - Book Value	$ 7,535,913	$ 12,365,472
Purchases of crypto assets	1,804,482	9,453,024
Rewards earned from staking	1,339,628	1,692,454
Sales of crypto assets	(1,994,851)	(3,132,920)
Realized gains on sale of crypto assets	147,295	506,757
Impairment loss		(13,348,874)
Opening adjustment for change in accounting principle	4,986,377
Realized losses on sale of crypto assets	(751,563)
Change in unrealized appreciation (depreciation) of crypto assets	12,135,648
December 31, 2023 - Fair Market Value	$ 25,202,929	$ 7,535,913

Schedule of Fair Value of Asset

Schedule of Fair Value of Assets and Liabilities Valued on Recurring Basis (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Crypto Assets	$ 25,202,929
Investments	100,000	$ 100,000
Total Assets	25,302,929
Warrant liabilities	213,750	213,750	$ 1,852,500
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Crypto Assets	25,202,929
Investments
Total Assets	25,202,929
Warrant liabilities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Crypto Assets
Investments
Total Assets
Warrant liabilities
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Crypto Assets
Investments	100,000	100,000
Total Assets	100,000
Warrant liabilities	$ 213,750	$ 213,750

Schedule of Changes in Fair Val

Schedule of Changes in Fair Value and Other Adjustments of Warrants (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Beginning balance	$ 100,000
Purchases		100,000
Unrealized appreciation (depreciation)
Ending balance	100,000	100,000
Warrant liabilities, beginning balance	213,750	1,852,500
Warrant liabilities classification
Fair value adjustment of warrant liabilities		(1,638,750)
Warrant liabilities, ending balance	$ 213,750	$ 213,750

Summary of Valuation Methodolog

Summary of Valuation Methodology and Significant Unobservable Inputs Warrant Liabilities (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Risk-free rate of interest	4.10%	1.32%
Expected volatility	97.30%	103.72%
Expected life (in years)	4 years	5 years
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Risk-free rate of interest	4.23%	3.99%
Expected volatility	102.81%	152.84%
Expected life (in years)	2 years 2 months 4 days	3 years 2 months 4 days
Expected dividend yield

Fair Value of Financial Asset_3

Fair Value of Financial Assets and Liabilities (Details Narrative) - Securities Purchase Agreement [Member] $ in Millions	Mar. 02, 2021 USD ($) shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares of common stock	950,000
Common stock warrants	712,500
Gross proceeds from private placement \| $	$ 9.5

Schedule of Weighted-Average As

Schedule of Weighted-Average Assumptions Used to Estimate Fair Value (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Term (years)	4 years	5 years
Expected stock price volatility	97.30%	103.72%
Risk-free rate of interest	4.10%	1.32%
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 3.81	$ 8.07
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	30.52	36.99
2021 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 1.29	$ 1.51
Term (years)	5 years	5 years
Expected stock price volatility	151.32%	165.79%
Risk-free rate of interest	3.97%	2.77%

Summary of Option Activity (Det

Summary of Option Activity (Details) - USD ($)	12 Months Ended
Summary of Option Activity (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Number of shares outstanding, beginning balance	1,150,000	1,235,000
Weighted average exercise price, beginning balance	$ 2.15	$ 2.14
Total intrinsic value, beginning balance		$ 1,488,000
Weighted average remaining contractual life (In years), beginning balance	3 years 3 months 18 days	4 years
Number of Shares, Employee options granted	85,000	50,000
Weighted average exercise price, employee options granted	$ 1.29	$ 1.51
Weighted average remaining contractual life (In years), employee options granted	5 years	1 year 4 months 24 days
Number of shares, employee options expired		(100,000)
Weighted average exercise price, employee options expired		$ 1.90
Number of shares, Employee options forfeited	(35,000)	(35,000)
Weighted average exercise price, employee options forfeited	$ 1.02	$ 1.50
Number of shares outstanding, ending balance	1,200,000	1,150,000
Weighted average exercise price, ending balance	$ 2.12	$ 2.15
Total intrinsic value, ending balance	$ 8,700
Weighted average remaining contractual life (In years), ending balance	2 years 4 months 24 days	3 years 3 months 18 days
Number of shares outstanding, options vested and exercisable	1,145,000	1,135,000
Weighted average exercise price, options vested and exercisable	$ 2.15	$ 2.16
Total intrinsic value, options vested and exercisable
Weighted average remaining contractual life (In years), options vested and exercisable	2 years 3 months 18 days	3 years 3 months 18 days
Total intrinsic value, employee options granted
Total intrinsic value, employee options forfeited	$ 11,100

Schedule of Restricted Stock Un

Schedule of Restricted Stock Units (Details) - shares			12 Months Ended
Schedule of Restricted Stock Units (Details) - shares	Feb. 22, 2022	Jan. 02, 2022	Dec. 31, 2023
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares			1,521,296
Market Cap Vesting Thresholds $50 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares			380,324
Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares			380,324
Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares			380,324
Market Cap Vesting Thresholds $300 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares			380,324
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name		Charles Allen
Grant Date		Jan. 02, 2022
Number of restricted stock units granted and vested, shares		694,444
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $50 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		173,611
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		173,611
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		173,611
Chief Executive Officer [Member] \| Market Cap Vesting Thresholds $300 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		173,611
Chief Operating Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name		Michal Handerhan
Grant Date		Jan. 02, 2022
Number of restricted stock units granted and vested, shares		444,444
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $50 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		111,111
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		111,111
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		111,111
Chief Operating Officer [Member] \| Market Cap Vesting Thresholds $300 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		111,111
Chief Financial Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name		Michael Prevoznik
Grant Date		Jan. 02, 2022
Number of restricted stock units granted and vested, shares		222,224
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $50 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		55,556
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		55,556
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		55,556
Chief Financial Officer [Member] \| Market Cap Vesting Thresholds $300 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares		55,556
Chief Technology Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Officer Name	Manish Paranjape
Grant Date	Feb. 22, 2022
Number of restricted stock units granted and vested, shares	160,184
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $50 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $100 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $150 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046
Chief Technology Officer [Member] \| Market Cap Vesting Thresholds $300 Million [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of restricted stock units granted and vested, shares	40,046

Summary of Restricted Stock (De

Summary of Restricted Stock (Details) - $ / shares	12 Months Ended
Summary of Restricted Stock (Details) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Number of restricted stock units, nonvested, beginning balance	1,590,553	29,363
Weighted average grant date fair value nonvested, beginning balance	$ 3.34	$ 5.96
Number of restricted stock units, granted	50,000	1,670,569
Weighted average grant date fair value, granted	$ 0.63	$ 3.28
Number of restricted stock units, vested	(34,180)	(109,379)
Weighted average grant date fair value,vested	$ 3.55	$ 2.29
Number of restricted stock units, nonvested, ending balance	1,606,373	1,590,553
Weighted average grant date fair value nonvested, ending balance	$ 3.25	$ 3.34

Schedule of Stock-based Compens

Schedule of Stock-based Compensation Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	$ 1,839,097	$ 3,050,349
Employee Bonus Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	675,061	1,152,525
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	11,726	97,142
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	956,526	1,575,475
Non Employee Restricted Stock Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	$ 195,784	$ 225,207

Summary of Warrant Activity (De

Summary of Warrant Activity (Details) - shares	12 Months Ended
Summary of Warrant Activity (Details) - shares	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Number of warrants, outstanding, beginning balance	912,500	962,794
Number of warrants, expiration of warrant	(200,000)	(50,294)
Number of warrants, outstanding, ending balance	712,500	912,500

Stockholders_ Equity (Deficit_2

Stockholders’ Equity (Deficit) (Details Narrative) - USD ($)

12 Months Ended

Jun. 02, 2023

Jan. 19, 2023

Jan. 01, 2023

Dec. 09, 2022

Oct. 01, 2022

Feb. 22, 2022

Jan. 02, 2022

Sep. 14, 2021

Dec. 31, 2023

Dec. 31, 2022

Jul. 12, 2023

Jul. 11, 2023

May 12, 2023

Sep. 30, 2022

Jun. 13, 2022

Dec. 31, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common stock, shares authorized

975,000,000

97,500,000

Number of restricted stock units granted and vested, shares

1,521,296

Liquidation preference

The Series V: (i) is non-convertible, (ii) has a 20% liquidation
preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and distributions (at the discretion
of the Board).

Preferred stock value

Weighted average exercise price

$ 1.29

$ 1.51

Fair value

$ 1,341,729

$ 2,625,270

Expected life (in years)

4 years

5 years

Remaining unvested restricted stock units

1,606,373

1,590,553

29,363

Remaining unvested restricted stock units aggregate intrinsic value, nonvested

$ 5,600

2021 Equity Incentive Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of additional shares authorized

12,000,000

7,000,000

Expected life (in years)

5 years

Series V Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Liquidation preference

The Series V: (i) is non-convertible,
(ii) has a 20% liquidation preference over the shares of common stock, (iii) is non-voting and (iv) has certain rights to dividends and
distributions (at the discretion of the Board).

Preferred stock value

$ 2,563,938

Restricted Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units granted and vested, shares

12,500

Number of restricted stock units granted and vested, value

$ 59,000

Restricted Stock Units (RSUs) [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option grant date fair value

$ 200,000

Number of restricted stock units vested

95,544

Stock option granted

45,767

Fair value

$ 300,000

Expected life (in years)

5 years

Vesting period

5 years

Remaining unvested restricted stock units

7,962

Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option granted

45,767

Vesting rights, percentage

20%

Restricted Stock Units (RSUs) One [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Market cap vesting thresholds, value

$ 50,000,000

$ 100,000,000

Restricted Stock Units (RSUs) Two [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Market cap vesting thresholds, value

100,000,000

150,000,000

Restricted Stock Units (RSUs) Three [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Market cap vesting thresholds, value

150,000,000

200,000,000

Unrecognized compensation

83,000

Restricted Stock Units (RSUs) Four [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Market cap vesting thresholds, value

$ 300,000,000

$ 400,000,000

Restricted Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option granted

16,000

Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units vested

505,511

406,601

Number of shares issued

1,707,621

2,172,336

Fair value

$ 506

$ 407

Preferred Stock [Member] | Series V Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units vested

25,026

Number of shares issued

14,542,803

Preferred stock value

$ 2,560,000

Fair value

$ 4,405

Each Independent Director [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option grant date fair value

$ 50,000

Each Independent Director [Member] | Four Equal Installments [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option grant date fair value

$ 12,500

Independent Directors [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units vested

122,124

Officer [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share based compensation

354,713

284,722

Non-Executive Employees [Member] | 2021 Equity Incentive Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option granted

85,000

50,000

Weighted average exercise price

$ 1.29

$ 1.51

Non-Executive Employees [Member] | Restricted Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option granted

25,000

Chief Executive Officer [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units granted and vested, shares

694,444

Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units vested

95,544

Chief Technology Officer [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted stock units granted and vested, shares

160,184

Chief Technology Officer [Member] | Restricted Stock Units (RSUs) [Member] | One-Year Anniversary [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Vesting rights, percentage

20%

Chief Technology Officer [Member] | Restricted Stock Units (RSUs) [Member] | Four-Year Anniversary [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Vesting rights, percentage

80%

Non Employee [Member] | Restricted Stock Units (RSUs) [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock option granted

7,962

Stock issued during period, value

$ 12,000

At-the-Market Offering Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Proceeds from issuance initial public offering, net

$ 2,688,000

$ 11,126,000

Sale of stock, number of shares issued in transaction

1,707,621

2,172,336

Gross proceeds from issuance of common stock

$ 2,790,000

$ 11,487,000

Shares issued, price per share

$ 1.63

$ 5.29

At-the-Market Offering Agreement [Member] | Wainwright And Co LLC [Member] | Maximum [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Proceeds from issuance initial public offering, net

$ 98,767,500

At-the-Market Offering Agreement [Member] | H.C. Wainwright and Co., LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Percentage of gross proceeds of offerings

Schedule of Annual Performance

Schedule of Annual Performance Layout (Details) - USD ($)	12 Months Ended
Schedule of Annual Performance Layout (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total Performance Bonuses Earned	$ 705,061	$ 278,498
Charles Allen [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total Performance Bonuses Earned	354,849	104,987
Michal Handerhan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total Performance Bonuses Earned	151,164	82,500
Micheal Prevozink [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total Performance Bonuses Earned	101,399	45,000
Manish Paranjape [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Total Performance Bonuses Earned	$ 97,649	$ 46,011

Executive Compensation (Details

Executive Compensation (Details Narrative)

12 Months Ended

Jan. 12, 2024

Dec. 29, 2023 USD ($)

Dec. 09, 2022 USD ($)

Feb. 22, 2022 USD ($)

Jan. 02, 2022 shares

Dec. 01, 2021 USD ($)

Feb. 06, 2019 USD ($)

Jun. 22, 2017 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

May 11, 2023

Jun. 24, 2022 USD ($)

Jun. 01, 2022 USD ($)

May 12, 2022

Jan. 19, 2022 USD ($)

Annual performance payout

$ 705,061

$ 278,498

$ 2,129,144

$ 3,313,638

Annual Cash Incentive Plan [Member] | Minimum [Member]

Percentage of performance bonus on base salary

0.64

0.48

Annual Cash Incentive Plan [Member] | Maximum [Member]

Percentage of performance bonus on base salary

1.28

1.07

Charles Allen [Member] | Allen Employment Agreement [Member]

Employment agreement term

2 years

Annual salary

$ 345,000

$ 245,000

411,419

Compensation

500

Annual salary

$ 25,000

Charles Allen [Member] | Allen Employment Agreement [Member] | Office Space [Member]

Compensation

500

Michal Handerhan [Member] | Allen Employment Agreement [Member]

Compensation percentage

450%

Michal Handerhan [Member] | Handerhan Employment Agreement [Member]

Employment agreement term

2 years

Annual salary

$ 215,000

$ 190,000

190,000

$ 287,375

$ 275,000

Compensation

500

Compensation percentage

4.50%

Annual salary

$ 25,000

Diluted capital stock percentage

25%

Michal Handerhan [Member] | Handerhan Employment Agreement [Member] | Office Space [Member]

Compensation

$ 500

Michael Prevoznik [Member] | Prevoznik Employment Agreement [Member]

Annual salary

$ 175,000

$ 235,125

$ 225,000

Compensation

500

Michael Prevoznik [Member] | Prevoznik Employment Agreement [Member] | Office Space [Member]

Compensation

$ 500

Michael Prevoznik [Member] | Manish Paranjape Employment Agreement [Member]

Annual salary

$ 235,125

Prevoznik Employment Agreement [Member] | Handerhan Employment Agreement [Member]

Compensation percentage

450%

Prevoznik Employment Agreement [Member] | Handerhan Employment Agreement [Member] | Subsequent Event [Member]

Compensation percentage

450%

Manish Paranjape [Member] | Manish Paranjape Employment Agreement [Member]

Annual salary

$ 225,000

Compensation

$ 500

Compensation percentage

4.50%

Manish Paranjape [Member] | Manish Paranjape Employment Agreement [Member] | Subsequent Event [Member]

Compensation percentage

4.50%

Allen Employment Agreement [Member] | Two Thousand and Twenty One Contingent Bonuses [Member] | Common Stock [Member]

Shares issued as compensation | shares

173,611

Handerhan Employment Agreement [Member] | Two Thousand and Twenty One Contingent Bonuses [Member] | Common Stock [Member]

Shares issued as compensation | shares

111,111

Schedule of Accrued Expenses (D

Schedule of Accrued Expenses (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued compensation	$ 712,092	$ 295,935
Accounts payable and accrued expenses	55,058	76,727
Accrued Expenses	$ 767,150	$ 372,662

Accrued Expenses (Details Narra

Accrued Expenses (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued bonuses current and non current	$ 710,000	$ 284,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details Narrative) - USD ($)	12 Months Ended
Employee Benefit Plans (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Percentage of defined comtribution plan employee	100%
Defined comtribution plan employee	$ 95,000	$ 45,000

Liquidity (Details Narrative)

Liquidity (Details Narrative) - USD ($)	12 Months Ended
Liquidity (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 138,677,103	$ 151,482,208
Operating activities	3,562,247	776,777
Unrestricted cash	$ 1,458,327	$ 2,146,783

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Federal net-operating loss carryforward	$ 3,488,995	$ 2,776,943
State net-operating loss carryforward	592,038	360,818
Other (non-qualified stock options)	15,997	225,794
Total deferred tax assets	4,097,030	3,363,555
Unrealized gains on crypto assets	715,899
Total deferred tax liabilities	715,899
Valuation allowance	(3,381,131)	(3,363,555)
Deferred tax assets, net

Schedule of Income Tax Rate (De

Schedule of Income Tax Rate (Details)	12 Months Ended
Schedule of Income Tax Rate (Details)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Statutory Federal Income Tax Rate	(21.00%)	(21.00%)
State Taxes, Net of Federal Tax Benefit	(6.48%)	(6.72%)
Federal tax rate change	0%	0%
Other	27.48%	27.72%
Change in Valuation Allowance	(0.00%)	(0.00%)
Income Taxes Provision (Benefit)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
Income Taxes (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 0	$ 0
Operating loss carry forwards expiration years	expire in 2034
Income tax reconciliation description	The 20-year carryforward period has been replaced with an indefinite carryforward period for these NOLs generated in tax years beginning after December 31, 2017 and future years
Unrealized gains on crypto assets	$ 715,899
Deferred tax assets, valuation allowance increased amount	18,000
Tax Year 2014 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 1,290,156
Expiration beginning date	Dec. 31, 2034
Tax Year 2015 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 1,545,343
Expiration beginning date	Dec. 31, 2035
Tax Year 2016 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 794,762
Expiration beginning date	Dec. 31, 2036
Tax Year 2017 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 1,084,564
Expiration beginning date	Dec. 31, 2037
Tax Year 2018 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward	$ 11,899,437
Federal Tax [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards for federal and state tax	$ 25,753,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Restricted Stock [Member] - shares	Jan. 12, 2024	Dec. 29, 2023	Dec. 09, 2022
Subsequent Event [Line Items]
Grants approved			16,000
Vest description		vest annually over a 5-year period (10,000 per year) with the first vesting date of December 31, 2024 and each subsequent vesting on the one-year anniversary of the first vesting date, subject to continued employment on each applicable vesting date
Subsequent Event [Member]
Subsequent Event [Line Items]
Grants approved	50,000
Vest description	vest annually over a 5-year period (10,000 per year) with the first vesting date of December 31, 2024 and each subsequent vesting on the one-year anniversary of the first vesting date, subject to continued employment on each applicable vesting date
Mr Allen [Member]
Subsequent Event [Line Items]
Grants approved		50,000
Michal Handerhan [Member]
Subsequent Event [Line Items]
Grants approved		50,000
Michael Prevoznik [Member]
Subsequent Event [Line Items]
Grants approved		50,000
Michael Prevoznik [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Grants approved	50,000
Manish Paranjape [Member]
Subsequent Event [Line Items]
Grants approved		50,000
Manish Paranjape [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Grants approved	50,000