BTCS Inc., a leader in blockchain infrastructure and technology, announced its decision to sunset its StakeSeeker platform. This strategic shift will enable the Company to concentrate its resources on scaling its Ethereum blockchain infrastructure operations, which remain the primary driver of revenue and core to its long-term vision.
BTCS’s StakeSeeker platform has provided crypto asset holders with monitoring and analysis tools for managing their portfolios and staking activities. Despite this, the Company has identified its blockchain infrastructure operations, particularly those related to Ethereum, as the most promising area to create sustainable value for shareholders.
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“After careful consideration, we have decided to discontinue the StakeSeeker platform as part of our strategy to be laser-focused on areas where we have a demonstrable chance of success,” said Charles Allen, CEO of BTCS. “Our primary goal is to position BTCS as the premier Ethereum blockchain infrastructure company, and this decision reflects our commitment to driving maximum value for our shareholders.”
Importantly, this decision does not affect BTCS’s ability to support crypto asset holders who choose to delegate their crypto holdings to the Company’s validator nodes. Delegators will still have access to BTCS’s infrastructure to earn staking rewards, further reinforcing the Company’s mission to deliver scalable blockchain services.
With the resources freed by sunsetting StakeSeeker, BTCS intends to enhance its validator nodes, strengthen its Builder+ Ethereum block-building operations, and expand its leadership in the proof-of-stake ecosystem.
Source: GlobeNewsWire