BTCS

Financial - Capital Markets · Financial Services

Price

$1.35

+0.04 (+3.05%)

Market Cap

$67.2M

Exchange

NASDAQ

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Dividends

Good

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Share count rising — dilution

+385.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 6.8M (2021) → 33.2M (2025)

Winston Score History

The full picture

BTCS Inc. is a small company that works with blockchain technology and cryptocurrencies. It holds digital assets like Ethereum on its balance sheet and earns rewards by participating in a process called "staking," where it helps validate transactions on blockchain networks. The company operates in the cryptocurrency and digital asset space, making it one of the few publicly traded firms focused almost entirely on blockchain infrastructure.

BTCS makes money primarily through staking rewards — essentially earning a yield on the crypto it holds — rather than selling a traditional product or service. It operates in the United States and is a very small company, with a market cap around $100 million. Its operating losses are significant, meaning it spends far more than it earns, which is a major risk. The company's future depends heavily on cryptocurrency prices and the continued growth of proof-of-stake blockchain networks, so a prolonged crypto downturn could seriously threaten its financial stability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-11.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-488.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$679,434/ year

↓ Declining (-10% vs prior year)

4.1% of revenue

Below sector average (7%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

22.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$862,436 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

BTCS's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

61.1%

Premium pricing power — 61.1% gross margin

Profit after running costs

Operating Margin

-1322.3%

Losing money on operations — -1322.3%

Return on the money invested

ROCE

-71.5%

Weak — -71.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+121.0%

Fast-growing sales (+121.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-45.1%

Burning cash (-45.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.35

Conservative — low debt load (0.35)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

15.87%

Healthy income — 15.87% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

N/A

Data not available

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