BTCS publishes second-quarter report: $33.5 million in cash and crypto assets held as of June 30

Nasdaq-listed blockchain company BTCS released its second quarter report. As of June 30, 2024, the company reported net income of $5.50 million and held $33.5 million worth of cash and crypto assets (of which the ETH held was worth about $27.2 million), an increase of 65% year-on-year, but a decrease of 15% compared to March 3, 2024. In addition, BTCS also said that it has officially released artificial intelligence-driven blockchain analysis platform ChainQ in July this year, aiming to revolutionize the way blockchain data is analyzed and understood, while advancing research and development to integrate more functions and support more blockchain networks.