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home / news releases / BTCS - BTCS adds Polygon to its blockchain infrastructure stakes over 456K coins

BTCS - BTCS adds Polygon to its blockchain infrastructure stakes over 456K coins

BTCS Inc.
BTCS (NASDAQ:BTCS), the first-ever Nasdaq-listed company to offer Bitcoin (BTC-USD) dividends, on Wednesday has added Polygon (MATIC-USD) to its blockchain infrastructure operations. BTCS (BTCS) has staked 456,445 MATIC tokens ($652.7K), meaning the company is holding a position in MATIC in a bid to generate compounding rewards. Ethereum-based Polygon (MATIC-USD) is a Proof-of-Stake blockchain aiming to improve gas costs and make transaction speeds faster - basically a better version of Ether (ETH-USD). Furthermore, “while Polygon is focused on Ethereum at the moment, it plans to support other blockchains with its scalable technology and provide cross-chain interoperability between different protocols,” said BTCS CFO Michael Prevoznik. In mid-February, BTCS included Solana (SOL-USD) to its blockchain infrastructure.

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BTCS adds Polygon to its blockchain infrastructure, stakes over 456K coins
Stock Information
Company Name: BTCS Inc.
Stock Symbol: BTCS
Market: NASDAQ
Website: btcs.com
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