Btcs confirms no exposure in excess of fdic limits to recent bank failures

Silver spring, md, march 13, 2023 (globe newswire) -- btcs inc. (nasdaq: btcs) (“btcs” or the “company”), a blockchain technology-focused company, has issued a statement on the recent failures of silicon valley bank, silvergate bank, and signature bank. although btcs did not have any accounts or exposure to either silicon valley bank or silvergate, as of friday the company had an amount equal to approximately the fdic-insured limit of $250,000 at signature bank.
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