Bitcoin Shop, Inc. (BTCS) operates a beta e-commerce marketplace which accepts digital currencies. The Company has designed a beta secure digital currency storage solution, BTCS Wallet. The Company's transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers, which solve a set of prescribed mathematical calculations in order to add a block to the Blockchain and thereby confirm bitcoin transactions. The Company's beta e-commerce marketplace offers around 250,000 products. The online e-commerce marketplace is hosted, maintained and developed by the Company. The Company's secure bitcoin storage solution (digital wallet), which is in invitation only beta, offers a secure way for users to store bitcoins. The Company owns two bitcoin automated teller machines (ATMs).