Publicly Traded Bitcoin Startup BTCS Reveals Plan to Invest in ICOs

What kind of a company is BTCS? I went to their site and it did not say of any type of service or product that they are offering to the public. If you click about us, all it has there is that they are the first pure play publicly traded bitcoin company. What does pure play mean? That they have nothing and will sell stakes in their valueless company in the pinksheet market?

If you did not know the pinksheet market is the same as the ICO market. There are many pump and dumps.

Publicly traded bitcoin startup BTCS is planning to create a portfolio of digital assets, its chief executive told shareholders in a new letter.

In the letter, released today, CEO Charles Allen wrote that the firm would invest in initial coin offerings, or ICOs, through which cryptographic tokens tied to a particular blockchain platform or application are sold. It's a funding mechanism that has attracted significant interest among both startups, investors and would-be buyers, though regulatory and ethical concerns have been raised about the model in the past.

Allen indicated that BTCS, which is publicly traded as a pink sheet at OTCQB

Read the whole article http://www.coindesk.com/publicly-traded-bitcoin-startup-btcs-reveals-plan-invest-icos/

Topic: Publicly Traded Bitcoin Startup BTCS Reveals Plan to Invest in ICOs (Read 217 times)