Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
13 November 2018 - 10:24PM
Edgar (US Regulatory)
PROSPECTUS
SUPPLEMENT NO. 1
(To
Prospectus dated November 5, 2018)
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Filed
Pursuant to Rule 424(b)(3)
Registration
No. 333-219893
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67,939,632
Shares of Common Stock
BTCS
Inc.
This
prospectus supplement No. 1 (the “Supplement”) updates and supplements certain information contained in our prospectus,
dated November 5, 2018 (the “Prospectus”), which forms a part of the Registration Statement on Form S-1 (Registration
No. 333-219893) (the “Registration Statement”). This Supplement is not complete without, and may not be delivered
or used except in connection with, the Prospectus, including all amendments and supplements thereto. The Prospectus relates to
the registration of an aggregate of 67,939,632 shares of common stock, par value $0.001 per share (the “Common Stock”)
of BTCS Inc. (the “Company”), for resale by certain of our shareholders identified in the Prospectus. The 67,939,632
shares of Common Stock or the Resale Shares consist of (i) 15,873,600 shares of Common Stock underlying outstanding Series A warrants
exercisable at $0.085 per share (the “Series A Warrants”), (ii) 15,714,288 shares of Common Stock underlying outstanding
additional warrants exercisable at $0.085 per share, (iii) 15,714,288 shares of Common Stock underlying outstanding bonus warrants
exercisable at $0.17 per share, (iv) 12,942,000 shares of Common Stock underlying outstanding Series B warrants exercisable at
$0.135 per share, (v) 4,295,456 shares of Common Stock owned by our executive officers, and (vi) 3,400,000 shares of Common Stock.
Our
business and an investment in our securities involve a high degree of risk. See “Risk Factors” beginning on page 3
of the Prospectus for a discussion of information that you should consider before investing in our securities.
Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or
determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary
is a criminal offense.
Temporary
Reduction of Exercise Price of Series A Warrants
In accordance with the terms of the Series
A Warrants on November 13, 2018, the Company offered the holders of its Series A Warrants the opportunity to exercise up
to 4,000,000 Series A Warrants (1,000,000 per each of the four record holders) at a reduced exercise price of $0.02 per share.
This offer will expire on the earlier of: (i) 4,000,000 Series A Warrants being exercised, and (ii) November 16, 2018 at 5:00
p.m. Eastern Time (the “Offer Expiration Date”). Provided however the Company may in its sole discretion extend the
Offer Expiration Date. The Series A Warrants are exercisable for cash only.
The date of this prospectus supplement is November
13, 2018.