Bitcoin Press Release: Arlington, VA – (Marketwired – February 22, 2016) –BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company which secures the blockchain through its transaction verification services business, management demonstrates their commitment to execute on key milestones by voluntarily escrowing 24 million founder shares of their BTCS common stock holdings valued at approximately $2.14 million as of February 19, 2016.
Should the Company fail to close its pending merger with Spondoolies-Tech Ltd. (“Spondoolies”), half the escrowed shares (12 million) will be returned to the Company for cancellation for no consideration. The remaining half of the escrowed shares (12 million) will be returned to the Company for cancellation for no consideration should it fail to complete an up listing to a major exchange such as the Nasdaq or NYSE.
https://www.cryptocoinsnews.com/btcs-escrow-shares-stock/
