Latest news with #CharlesAllen
Associated Press
14 hours ago
- Business
- Associated Press
BTCS Inc. Utilizes Crypto.com and Acquires 1,000 ETH, Expanding Ethereum Holdings to 13,500 ETH
Silver Spring, Maryland--(Newsfile Corp. - June 2, 2025) - BTCS Inc. (NASDAQ: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, today announced the acquisition of 1,000 Ether (ETH) for approximately $2.63 million. This acquisition was primarily acquired from Exchange, institutional-grade offering. As of June 2, 2025, BTCS holds approximately 13,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 50%. 'Ethereum remains at the core of our blockchain infrastructure strategy,' said Charles Allen, Chief Executive Officer of BTCS. 'Our expanding ETH position is not simply a treasury play-it's a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure. This complementary approach not only delivers the benefits of a digital asset treasury strategy but also unlocks long-term growth potential that goes far beyond mere price appreciation. We believe this dynamic model is uniquely positioned to maximize shareholder value over time.' 'In line with our mission to maximize strategic value from every ETH purchase, " added Charles Allen, CEO of BTCS, " We have utilized institutional offering, the Exchange. By tapping into their deep liquidity and specialized execution capabilities, we are reducing slippage and optimizing capital deployment across our blockchain initiatives. This initiative complements our treasury and infrastructure strategy by ensuring every ETH acquisition is not only tactically sound but also cost-efficient, reinforcing our commitment to shareholder value.' The Exchange, established in 2019 and launched in the U.S. in 2024, is offered for advanced, VIP and institutional users, and provides users a technologically advanced crypto trading platform featuring deep global liquidity and ultra-low latency. The Exchange is the world's leading USD support exchange by spot market volume. The Exchange is a truly comprehensive offering — including spot trading, margin trading, derivatives, OTC trading, and more. 'The Exchange was purpose-built to offer institutional and advanced clients with the industry's premier cryptocurrency trading experience, with deep global liquidity and the leading tech stack,' said Eric Anziani, President and COO of 'We are proud to partner with BTCS in its cryptocurrency acquisition strategy and to serve them through their continued crypto reserve journey.' About BTCS: BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting About Founded in 2016, is trusted by more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Learn more at Forward-Looking Statements: Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws, including statements regarding building highly scalable revenue generating infrastructure, the benefits of a digital asset treasury strategy, optimization from utilizing institutional offering, maximizing shareholder value, and driving long-term value for shareholders. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue 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 upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues (including, but not limited to, potential SEC enforcement actions, regulatory changes, and state regulatory requirements), cybersecurity risks, technological challenges, market adoption risks, changes in blockchain protocols, continued volatility in the cryptocurrency markets, smart contract risks, and other risks inherent to blockchain technology and cryptocurrency operations, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. 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. For more information, follow us on: Twitter: LinkedIn: Facebook: Investor Relations: Charles Allen - CEO X (formerly Twitter): @Charles_BTCS Email: [email protected] [ This image cannot be displayed. Please visit the source: ] To view the source version of this press release, please visit
Powys County Times
3 days ago
- Business
- Powys County Times
BHA announces delay to Lord Allen's tenureship
Lord Charles Allen will not begin a new era as chairman of the British Horseracing Authority early next month as originally planned. A statement from the ruling body confirmed that Lord Allen will delay taking over at the helm as he wished to continue to meet all stakeholders to 'better inform his vision'. The statement read: 'Since Lord Allen was named as the new chair of the BHA last November he has engaged in an extensive round of meetings with stakeholders to develop a deeper and more comprehensive understanding of the issues facing the sport. 'The BHA can today confirm that Lord Allen will not now start on June 2 as he wishes to continue meeting stakeholders to better inform his vision for the sport and he looks forward to starting his new role once these have concluded.' Lord Allen, a former chief executive at ITV who was also on the organising committee of the London 2012 Olympics, was announced as the successor to the late Joe Saumarez Smith in November.
Yahoo
3 days ago
- Business
- Yahoo
British racing's leadership in disarray after Lord Allen delays arrival at top
Lord Charles Allen, who is set to be the next chair of the British Horseracing Authority. Lord Charles Allen, who is set to be the next chair of the British Horseracing Authority. Photograph: PA Images/Alamy The administration of British racing appeared to be in disarray on Friday following confirmation by the British Horseracing Authority that Lord Charles Allen, who was due to take over as the BHA's new permanent chair in three days' time, will delay his arrival to an unspecified date in order to 'better inform his vision for the sport'. In a brief statement, the BHA said: 'Since Lord Allen was named as the new chair of the BHA last November, he has engaged in an extensive round of meetings with stakeholders to develop a deeper and more comprehensive understanding of the issues facing the sport. Advertisement Related: Going gets tricky for tracks on a bank holiday when fans were short-changed 'The BHA can today confirm that Lord Allen will not now start on June 2 as he wishes to continue meeting stakeholders to better inform his vision for the sport and he looks forward to starting his new role once these have concluded.' Lord Allen, whose business career prior to becoming a life peer in 2013 included senior roles with Granada TV, EMI, Virgin Media and Endemol, was also a member of the bid team which secured the 2012 Olympics for London, and chair of the Manchester Commonwealth Games from 2000 to 2003. Lord Allen was described as 'a candidate whose record speaks for itself' by David Jones, the chair of the BHA's Nominations Committee, when his appointment was announced seven months ago. Advertisement Dissenting voices soon emerged among some stakeholders, however, most notably when Ralph Beckett, a former president of the National Trainers' Federation (NTF), told the organisation's annual meeting in March that Lord Allen did not have an obvious background in the sport and that 'anybody going into that role is not going to grasp hold of the role straight away', adding: 'it takes time in the role and we don't have time.' At the heart of concerns among trainers, owners and other racing professionals – whose views are represented by the Thoroughbred Group (TG) – is a long-standing conviction that the balance of power in the industry is tilted heavily towards racecourses. A new governance structure for the sport which was introduced in 2022 aimed to shift ultimate authority in significant decisions towards the BHA, but the TG remains sceptical over the extent to which racecourses are returning a fair amount of their income to participants in prize money. The apparent implication of Friday's announcement is that Lord Allen concurs with Beckett's critique in March and needs more time to get to grips with the industry's overall structure and factional internal politics. The concern for the BHA is that he will ultimately conclude that the role is a poisoned chalice and better left untouched. Volterra can prove an each-way steal Audience, the narrow favourite for the John of Gaunt Stakes at Haydock on Saturday, registered wins at both Group One and Group Two level last year, but he has been well below form over six furlongs on his last two starts and makes little appeal at around 7-2 for what could be a strong renewal of this Group Three contest. Advertisement Owen Burrows's Alyanaabi, successful over course and distance last time, and the evergreen Kinross, the winner of this race four years ago, both have strong claims, but at longer odds, Kevin Ryan's Volterra (3.33) is an interesting each-way alternative at around 16-1. The four-year-old is stepping up from handicaps to take on seasoned Group-race performers, but was a winner first time up last season, has just eight races in the book and stormed clear of a deep field in the style of a fast-improving colt on his final start at three. Haydock 1.48 The lightly raced four-year-olds Durham Castle and Fine Interview head the betting and both have scope for significant progress through the handicap ranks this term. Hamad Al Jehani's gelding has had a run already, however, and that could tip the balance in his favour here. Chester 2.10 A double-figure draw is never ideal here but Yanifer, in 10, was a winner from stall 12 over this trip last summer, when Never So Brave, the early 3-1 favourite for this race, was behind him in seventh. Never So Brave has since been gelded and switched to Andrew Balding, but he has been off the course for 239 days and 10-1 about Yanifer is too big. Advertisement Haydock 2.23 Jasour ran in four consecutive Group Ones after a successful seasonal debut last year and while his form tailed off after finishing sixth in the July Cup, he returns after a wind operation with an obvious chance dropping in grade. York 2.40 All 13 runners have an each-way chance at least but Kodiac Thriller was a comfortable winner at Thirsk earlier this month and William Pyle's 3lb claim could tip the balance his way. Haydock 1.13 Naqeeb 1.48 Fine Interview (nap) 2.23 Jasour 2.58 Shaha 3.33 Volterra 4.08 Arabian Leopard 4.43 Organ York 1.30 Bona Fortuna 2.05 Tadej 2.40 Kodiac Thriller (nb) 3.15 Term Of Endearment 3.50 Singoura 4.25 Urban Glimpse 5.00 Delicacy Advertisement Chester 1.35 Breckenbrough 2.10 Yanifer 2.45 Tricky Tel 3.20 Surrey Belle 3.55 Spirit Of Acklam 4.30 Nazuki 5.05 Magella Cloud 5.35 Yellow Card Southwell 4.20 Agent Mayfair 4.55 Master Zack 5.25 Imperial Guard 5.55 Young Endless 6.25 Coedana 6.55 Down To The Kid 7.25 Create Stratford-On-Avon 5.30 Old Bridge 6.00 Iskar D'Airy 6.30 Clear Storm 7.00 Fillyfudge 7.30 Up For Parol 8.00 Ashtown Lad 8.30 Nickelforce 9.00 Supreme Yeats Lingfield 5.40 Golden Phase 6.10 Cavalry Call 6.40 Twilight Star 7.10 Assaranca 7.40 Havana Whisper 8.10 Harbour Vision 8.40 Mart Haydock 2.58 Two of the last three winners of this Group Three have gone on to win at Group One level later in the campaign and the impeccably-bred Shaha promises to be a filly to follow after a comfortable success at Goodwood last time. York 3.15 Term Of Endearment, last year's winner of this race, went through the ring for 1.3m gns (£1.37m) in the autumn and remains relatively lightly raced for a six-year-old. This looks an ideal contest to register a first success for her new trainer, William Haggas.
North Wales Chronicle
3 days ago
- Business
- North Wales Chronicle
BHA announces delay to Lord Allen's tenureship
Lord Allen, who has been appointed chair of the BHA (BHA) This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The Herald. Lord Charles Allen will not begin a new era as chairman of the British Horseracing Authority early next month as originally planned. A statement from the ruling body confirmed that Lord Allen will delay taking over at the helm as he wished to continue to meet all stakeholders to 'better inform his vision'. The statement read: 'Since Lord Allen was named as the new chair of the BHA last November he has engaged in an extensive round of meetings with stakeholders to develop a deeper and more comprehensive understanding of the issues facing the sport. 'The BHA can today confirm that Lord Allen will not now start on June 2 as he wishes to continue meeting stakeholders to better inform his vision for the sport and he looks forward to starting his new role once these have concluded.' Lord Allen, a former chief executive at ITV who was also on the organising committee of the London 2012 Olympics, was announced as the successor to the late Joe Saumarez Smith in November.
Associated Press
20-05-2025
- Business
- Associated Press
BTCS Inc. Acquires 3,450 Ether (ETH) for $8.42M, Expanding Ethereum Holdings to 12,500 ETH
Silver Spring, Maryland--(Newsfile Corp. - May 20, 2025) - BTCS Inc. (NASDAQ: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, today announced the acquisition of 3,450 Ether (ETH) for approximately $8.42 million, using proceeds from recent financings. The purchases were made at an average price of $2,441 per ETH. As of May 16, 2025, BTCS holds approximately 12,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 38%. This growth contributed to the fair market value of the Company's total cryptocurrency holdings and cash reaching approximately $38.42 million, representing an 88% increase since the start Q2 2025. 'Ethereum remains at the core of our blockchain infrastructure strategy,' said Charles Allen, Chief Executive Officer of BTCS. 'By expanding our ETH position, we are strengthening the foundation that allows us to scale validator operations, grow staking revenue, and drive long-term value for shareholders.' About BTCS: BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting Forward-Looking Statements: Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws, including statements regarding investment opportunities from Ethereum, growing staking revenue, and driving long-term value for shareholders. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue 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 upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues (including, but not limited to, potential SEC enforcement actions, regulatory changes affecting DeFi protocols, and state regulatory requirements), cybersecurity risks, technological challenges, market adoption risks, changes in blockchain protocols, continued volatility in the cryptocurrency markets, smart contract risks, liquidation risks associated with DeFi borrowing, and other risks inherent to blockchain technology and cryptocurrency operations, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. 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. LinkedIn: Facebook: Email: [email protected] To view the source version of this press release, please visit
