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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<div><ul><li>Allen highlighted a landmark year for BTCS, headlined by preliminary 2025 revenue of $16 million, which was a 290% increase over the previous year. </li><li>This growth was punctuated by record fourth-quarter revenue of ~$6.6 million, even though, as Allen noted, the first quarter is typically a slower period for the company.</li><li>Beyond top-line revenue, BTCS’ total assets surged by 600%, driven by an aggressive Ethereum accumulation strategy that resulted in holdings of more than 70,500 ETH (valued at ~$225 million).</li></ul></div><div><p style="list-style-type: square;"></p></div>

Allen highlighted a landmark year for BTCS, headlined by preliminary 2025 revenue of $16 million, which was a 290% increase over the previous year. This growth was punctuated by record fourth-quarter revenue of ~$6.6 million, even though, as Allen noted, the first quarter is typically a slower period for the company.Beyond top-line revenue, BTCS’ total assets surged by 600%, driven by an aggressive Ethereum accumulation strategy that resulted in holdings of more than 70,500 ETH (valued at ~$225 million).

BTCS: CEO Discusses Record 2025 Revenue, BTCS Differentiation, and the US CLARITY Act