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Jafrin Ahmed
Jan 7, 2022
by Jafrin Ahmed

Blockchain Firm BTCS Offers Dividend Payable in Bitcoin

BTCS Bitcoin dividends

Table of contents

  1. The First-Ever Bitcoin Dividend
BTCS Inc., a blockchain infrastructure and technology company announced on Wednesday that it will become the first Nasdaq-listed company to offer dividends in Bitcoin (BTC) to its shareholders. The move comes in an effort to boost the adoption of the world’s largest cryptocurrency.

The First-Ever Bitcoin Dividend

Referred to as Bividend, the dividends will be payable to investors in $0.5 per share in bitcoin, based on the price of BTC on the ex-dividend date of March 16. Investors who want to receive the dividend in bitcoin must move their shares to a transfer agent, and provide a valid bitcoin wallet address. Shareholders can also choose to receive the payout in cash.

Commenting on the development, Charles Allen, chief executive officer of BTCS, said:

“We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets. In the crypto space, BTCS has a long history of firsts, including being the first pure-play US public company focused on cryptocurrencies and blockchains, the first US public company to mine Bitcoin, the first US public company to implement a digital asset treasury strategy, and the first US public company to secure next-generation proof-of-stake blockchains.”

Following the announcement, the company’s shares, which started trading in September, jumped about 40 percent on Wednesday, taking its market capitalization to about $43 million.

BTCS said that it’s the first Nasdaq-listed company where shareholders have the option to receive a dividend with bitcoin. The move doesn’t come as a surprise concerning the company buying the domain name bividend.com way back in 2015.

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Blockchain Firm BTCS Offers Dividend Payable in Bitcoin
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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