BTCS Inc. reported a $34.9 million net loss for the second quarter ended June 30, 2026. This result represents a sharp reversal from the $3.9 million net income posted in the same period last year. The company attributed the loss to realized and unrealized declines in its digital asset portfolio. Revenues for the quarter decreased slightly to $2.45 million.
The filing revealed a cash balance of $262,436. Outstanding loans and convertible notes total approximately $49.5 million.
The fair value of digital assets fell to $80.5 million from $210.8 million at the end of 2025. Stockholders' equity declined by more than $100 million during the quarter.