EarningsBTCS Inc. reported 2Q24 revenues of $0.6M, a 46% increase from $0.4M in 1Q24, surpassing the $0.4M estimate, driven by staking revenue and Ethereum block-building under its Builder+ initiative.
Investor InterestEthereum accounted for approximately 83% of the company’s total crypto assets, up from 72%, showing positive signs of investor interest and ecosystem growth.
Revenue GrowthStrong revenue growth associated with the company's Ethereum block building effort, Builder+, leading to raised estimates and price target.