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MESSAGE _ENGLISH VERSION_
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Execution of agreements with BitGo Trust Company, Inc. regarding BTC
qualified custody and a rewards generation program for BTC holdings
operated by BITS Blockchain Inc.The Management Board of BTCS
Spółka Akcyjna with its registered office in Warsaw, Plac Powstańców
Warszawy 2, 00-030 Warsaw, entered into the register of entrepreneurs of
the National Court Register under number KRS 0000390734, with ISIN code
PLVKMTK00015 and LEI code 259400F1ML9OGF3R9703 _the "Issuer"_, hereby
informs about the conclusion of agreements, which enter into force
today, i.e. on 25 November 2025, regulating:
* the safekeeping of the Issuer's BTC by BitGo Trust Company, Inc. in a
so-called qualified custody model; and
* the potential use of part of such BTC in a rewards generation program
developed by BITS Blockchain Inc.
Under the cooperation with BitGo Trust Company, Inc., the Issuer's BTC
and other tokens will be held in segregated custody accounts maintained
for BTCS S.A. by a licensed trust company in the United States. This
model _qualified custody_ is currently an industry standard for
financial institutions and listed companies investing in digital assets
and is intended to enhance the security of the assets held in custody.
In parallel, the Issuer has entered into agreements with BITS Blockchain
Inc., a company incorporated in the State of Wyoming _USA_, which
develops solutions enabling BTC to "work" within decentralized
protocols. The BITS program assumes that a portion of the BTC held at
BitGo may be used to generate rewards, initially on the CORE Blockchain
network, with the intention of later expanding to a multi-chain model
_multiple blockchain networks_.
The agreed framework provides that, in return for the BTC allocated to
the program, the Issuer will receive BITS tokens, which reflect a 1:1
claim to the deposited BTC, as well as the opportunity to obtain a
reward of 15% per annum, paid in the form of digital assets, calculated
on the actual amount of BTC used in the program. This level results from
the concluded agreements, while the effective realization of rewards
will depend on the performance of the program and the general conditions
on the digital asset markets.
The execution of the above-mentioned agreements does not mean that the
Issuer will immediately start using its BTC in this program.In the near
term, BTCS S.A. will work together with BITS to refine the detailed
operational and security framework, including in particular engagement
limits, control and reporting procedures, and regulatory compliance
matters. A key principle for the Issuer is that BTC deposited with BitGo
shall at all times remain safe, attributable to BTCS S.A., and may only
be used in the manner agreed in the contracts, i.e. exclusively within
the rewards generation program.
The decision on the actual launch of the program and on the size of the
BTC pool to be allocated to the program will be taken by the Management
Board of the Issuer upon completion of the above-mentioned work and
analyses.Legal basis: Article 17_1_ of MAR - inside information
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RB_ASO: Zawarcie umów z BitGo Trust Company dotyczących z przechowywania BTC w modelu qualified
custody oraz programu generowania nagród z posiadanych BTC przez BITS Blockchain INC
