Bitcoin shop stock quote
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Silver Spring, MD, Jan. The performance of the blockchain space over last year validates our original business thesis, which began in early Despite having the right idea bitcoin shop stock quote the right time, the challenge of raising the necessary capital to execute impacted our ability to truly realize the potential from this disruptive opportunity.
Together with other major accomplishments we believe we have positioned the company for what may be a brighter future. With respect to the merger with the Australian blockchain company, due to delays in receiving their audited financials and other due diligence items, the board unanimously decided to evaluate other potential merger targets. While it is still possible we may complete the merger with the Australian company, we are actively focused on other opportunities and in preliminary discussions with other potential targets that may drive shareholder value.
We cannot assure you we will complete any acquisition. Lastly, while recent SEC filings noted the intention of management and current employees to resign should the merger with the Australian company fail to materialize, we have agreed to remain onboard for a limited time to evaluate other potential directions for the company. On behalf of our entire team, I want to again personally thank you for your continued support. BTCS intends to acquire digital assets through open market purchases and may, subject to additional financing, acquire digital assets by resuming our transaction verification services business often bitcoin shop stock quote to as mining through outsourced data centers and earning rewards in digital assets by securing their respective blockchains.
Additionally, BTCS may participate in initial digital asset offerings often referred to as initial coin offerings but has yet to do so due to regulatory concerns and the risk that many digital assets are digital securities. BTCS is also keenly focused on growth through acquisition and is actively evaluating potential acquisition targets. The blockchain is bitcoin shop stock quote decentralized public ledger and has the ability to fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust.
For more information visit: Our website is not part of this press release. We cannot assure you that we will achieve any of the bitcoin shop stock quote outlined in this paragraph. While the Company believes these forward-looking statements are reasonable, some or all of expectations regarding these forward-looking statements may not occur, and bitcoin shop stock quote reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release.
These forward-looking statements are based bitcoin shop stock quote current estimates and assumptions and are subject to various risks and uncertainties, including regulatory and other in the market for digital assets including substantial price declines, intense competition for the acquisition of blockchain companies which may affect the purchase price and difficulties in negotiating and closing any potential acquisitions including the absence of audited financial statements as we have experienced, and the future condition of the capital markets in general and the market for microcap securities.
Investors should review the Risk Factors set forth in the Company's filings with the Securities and Exchange Commission, including those relating to its digital currency business. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. January 08, With a Reader Account, it's easy to send email directly to the contact for this release.
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