Geode Capital Management LLC Raises Stock Holdings in BTCS Inc. (NASDAQ:BTCS)

Geode Capital Management LLC boosted its holdings in shares of BTCS Inc. (NASDAQ:BTCS) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,019 shares of the company’s stock after purchasing an additional 9,404 shares during the quarter. Geode Capital Management LLC owned approximately 0.58% of BTCS worth $242,000 at the end of the most recent quarter.

Separately, SBI Securities Co. Ltd. bought a new stake in shares of BTCS in the fourth quarter worth $44,000. 3.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BTCS news, CEO Charles W. Allen sold 65,000 shares of the stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $1.44, for a total transaction of $93,600.00. Following the sale, the chief executive officer now directly owns 4,178,622 shares of the company’s stock, valued at approximately $6,017,215.68. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by company insiders.

BTCS Price Performance

BTCS opened at $1.79 on Friday. BTCS Inc. has a 12-month low of $0.95 and a 12-month high of $5.41. The stock has a market capitalization of $28.65 million, a PE ratio of 4.37 and a beta of 2.90. The firm’s fifty day moving average price is $1.72 and its 200 day moving average price is $2.39.

BTCS (NASDAQ:BTCS) last issued its earnings results on Thursday, March 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.29). The company had revenue of $2.20 million during the quarter, compared to analyst estimates of $2.20 million. BTCS had a net margin of 366.80% and a negative return on equity of 15.42%. On average, equities research analysts forecast that BTCS Inc. will post -0.08 earnings per share for the current fiscal year.

BTCS Profile

BTCS Inc operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.