BTCS Inc. (NASDAQ:BTCS) stock soared 21% following the blockchain technology firm’s inclusion in the Russell Microcap® Index during the index’s latest annual rebalancing.
The Russell Microcap® Index is a well-established benchmark that tracks the performance of the microcap segment of the U.S. stock market. Inclusion is based on market capitalization and current membership, offering third-party validation for listed companies.
Charles Allen, CEO of BTCS, described the addition as “an important step in our growth trajectory” and expressed confidence that the recognition will expand the company’s visibility and introduce new audiences to what he called “the world’s oldest public blockchain company.”
This milestone coincides with BTCS’ ongoing focus on its Ethereum infrastructure business. The company combines an Ethereum treasury with blockchain infrastructure services, including staking and block building. BTCS uses a DeFi/TradFi flywheel strategy aimed at driving scalable revenue growth while boosting ETH per share.
BTCS defines itself as a blockchain technology company that has specialized in Ethereum infrastructure for nearly five years.
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