Date: 23 February 2026

 

Legal basis: Article 17(1) of MAR – Inside information

 

The Management Board of BTCS S.A. (the “Issuer”), with reference to the current report dated 13 February 2026 concerning the rolling (closing and reopening) of Bitcoin derivative positions under the cooperation with QCP Trading Middle East, hereby informs that on 20 February 2026 a portion of the previously sold PUT options was exercised.

 

1. Exercise of PUT options – 4.3 BTC

 

Following the BTC/USD fixing at 67,730.14 USD on the expiry date, the following series was exercised:

 

-          4.3 × BTC/USDC-20FEB26-79500-P-NY4

 

As a result, the Issuer acquired:

 

-          4.3 BTC

-          for a total amount of 341,850 USDC

(corresponding to the strike price of 79,500 USDC per BTC).

 

A PUT option gives its holder the right to sell Bitcoin at a predetermined strike price. Since the market price on expiry was below the strike level, the Issuer, as the option seller, was obligated to purchase BTC at that price.

 

2. Digital asset position after settlement

 

Before the exercise of the options, the Issuer held:

 

138.8414985 BTC

 

After acquiring 4.3 BTC through option exercise, the total Bitcoin holdings amount to:

 

143.1414985 BTC

 

According to confirmation from QCP Trading Middle East, after settlement:

 

-          BTC (ME account): +4.3 BTC

-          USDC: +4,658,150.22 USDC

-          Open positions:

-          55.5 × BTC/USDC-20MAR26-83800-P-NY4

-          Free balances: +4.3 BTC and +7,250.22 USDC

 

Net premiums from 1 January 2026 to 20 February 2026 amount to:

 

+0.06665 BTC (as previously reported).

 

3. Strategic relevance

 

The exercise of the PUT option is consistent with the Issuer’s previously communicated strategy of:

 

-          generating option premium income,

-          accumulating Bitcoin at predefined price levels,

-          operating on a fully cash-secured basis without financial leverage.

 

The acquisition of BTC resulted from the execution of a structured treasury strategy rather than a discretionary market purchase.

 

The Management Board considers this information precise and price-sensitive due to its impact on the Issuer’s digital asset holdings and continued execution of its active Bitcoin treasury strategy.

 

This report is for informational purposes only and does not constitute investment advice.

 

Contact:

Investor Relations: ir@btcs.com.pl

Website: btcs.com.pl