Where did the BTCS concept come from?
Kaszycki says he has been active in crypto for years and, beyond BTCS, also runs Mobilum, a company focused on connecting traditional finance with digital assets. In his view, wider adoption requires products that traditional capital-market investors understand, such as listed equities, instead of direct custody and exchange operations.
He identifies family offices/foundations and alternative investment structures as key target clients that want crypto exposure without building in-house crypto operations. BTCS is positioned as both a treasury company and a Web3 services provider, with validator operations as a core business line.
Where is the company today?
After closing Series F, BTCS implemented an Active Treasury framework using option structures, including cash-secured puts, to accumulate assets more efficiently. The interview presents this as a deliberate alternative to simple spot buying during volatile market phases.
Kaszycki points to QCP as a key regulated counterparty (licenses in Singapore and the UAE), with additional cooperation with global firms such as Galaxy Digital. The emphasis is on working only with fully licensed partners suitable for a public company.
What are the next plans?
The interview references preparations for a larger Series G raise after Series F and further validator scaling. Following the CoreDAO validator launch, BTCS is working on a second validator in Zigchain, aligned with themes such as stablecoins and tokenization.
Kaszycki also reiterates ambitions to migrate from NewConnect to the GPW main market and to continue expanding validator presence across additional chains.
How are transactions sourced in validator activity?
BTCS explains that it does not directly acquire end-user transactions. Instead, it coordinates with the foundations governing each blockchain. Those foundations drive ecosystem growth and user adoption, which in turn generates transaction flow for validators.
What does validator maintenance involve?
The interview describes a high-availability infrastructure model combining server architecture, security layers (including sentry-node style protection), and software for validation, key management, and RPC communication. The setup is hosted in professional data-center environments.
Alongside infrastructure operations, BTCS positions itself as an advisor to banks and financial institutions that want to build blockchain-based products and workflows.
How does BTCS choose which chains to enter?
Kaszycki outlines two filters: value delivery to public-market investors and long-term strategic utility of the chain. According to the interview, easy short-term revenue is not enough if the company cannot add durable value in that ecosystem.
Key targets for the next phase
The interview highlights goals including substantial BTC treasury growth, rollout to additional networks, deeper relationships with Polish financial institutions, and broader international market visibility.
Kaszycki also mentions Frankfurt trading access and Interactive Brokers availability, plus expectations of increasing broker coverage.
Series G and main-market ambitions
In the interview, Kaszycki indicates a preference for an institutional private placement format for the next raise, while noting final structure depends on Management Board decisions. On main-market timing, he avoids a firm date but says operational readiness is high from an investor perspective.
He also gives a personal, non-binding opinion that approximately USD 100 million could be within reach for the new raise.
How does Bitcoin price affect BTCS results?
Kaszycki stresses that Active Treasury is a multi-year model, not a short-term trade. Reported quarterly results can vary significantly with market prices: some quarters will benefit from asset revaluation gains, while others will show pressure when prices decline.
At the same time, he argues that professionally managed, listed DATCO structures can offer institutional investors an alternative to passive products, especially in markets where direct spot-style ETF access is limited.