BTCS Inc. has announced that trading for its Series V Preferred shares will be available on Upstream, a trading app for digital securities and NFTs. The Series V Preferred shares will be traded under the symbol ‘BTCSP’ on Upstream, which is powered by Horizon Fintex and MERJ Exchange Limited.
To trade their Series V shares, investors need to follow a few steps. First, they must move their shares to BTCS’ transfer agent, Equity Stock Transfer (EST), by initiating a Direct Registration System (DRS) transfer request through their broker-dealer or custodian. Then, they need to open an account with Upstream and, if they are based in the U.S., create an account with Boustead Securities to deposit and trade their shares on Upstream. Lastly, they can use the Upstream app to initiate a request to deposit their Series V shares.
Charles Allen, the CEO of BTCS, expressed excitement about being one of the first companies to list on Upstream’s marketplace. He highlighted the opportunity to leverage the power of Ethereum’s blockchain and reach new audiences in the market.
BTCS Inc. is a Nasdaq-listed company that has been operating in the blockchain technology space since 2014. It focuses on blockchain infrastructure and staking, securing and operating validator nodes on next-generation blockchain networks. The company also offers the proprietary Cryptocurrency Dashboard and Staking-as-a-Service platform called “StakeSeeker,” which allows users to monitor their crypto portfolios and earn staking rewards.
Upstream is a global stock exchange for digital securities and NFTs. It is powered by Horizon’s blockchain-powered matching engine technology and enables users to trade NFTs and invest in securities.