Sunday, January 23, 2022

Blockchain Firm BTCS Offers Dividend Payable in Bitcoin

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The Nasdaq-listed blockchain technology-focused firm, BTCS lately introduced that it has determined to supply dividends in Bitcoin. Through the newest initiative, BTCS is planning to extend the adoption of the world’s most dominant digital foreign money.

With the announcement, the blockchain agency turned the first-ever firm listed on Nasdaq to supply dividends payable in Bitcoin. Referred to as Bividend, the BTC dividend is a first-of-its-kind supplied by a listed firm.

BTCS intends to pay $0.05 per share in BTC, based mostly on the Bitcoin worth on the ex-dividend date. For buyers not in Bividend, the corporate is planning to pay a money dividend of $0.05. The market cap of BTCS has elevated considerably since 2019.

“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,” said Charles Allen, the Chief Executive Officer of BTCS. “In the crypto space, BTCS has a long history of firsts, including being the first pure-play U.S. public company focused on cryptocurrencies and blockchains, the first U.S. public company to mine Bitcoin, the first U.S. public company to implement a digital asset treasury strategy, and the first U.S. public company to secure next-generation proof-of-stake blockchains.”

Stock Price

Following the announcement, the inventory worth of BTCS has spiked considerably. Since the beginning of 2022, the inventory of BTCS has jumped by roughly 40%. For the cost of dividends, the corporate has set a file date of 17 March 2022.

“Now, we are the first Nasdaq-listed company to pay a Bividend, a dividend payable in Bitcoin at the option of our shareholders. This is a moment we have long anticipated since the Company purchased the domain, bividend.com, in February 2015. BTCS is now in the financial position required to execute on the Company’s vision,” Allen added.

The Nasdaq-listed blockchain technology-focused firm, BTCS lately introduced that it has determined to supply dividends in Bitcoin. Through the newest initiative, BTCS is planning to extend the adoption of the world’s most dominant digital foreign money.

With the announcement, the blockchain agency turned the first-ever firm listed on Nasdaq to supply dividends payable in Bitcoin. Referred to as Bividend, the BTC dividend is a first-of-its-kind supplied by a listed firm.

BTCS intends to pay $0.05 per share in BTC, based mostly on the Bitcoin worth on the ex-dividend date. For buyers not in Bividend, the corporate is planning to pay a money dividend of $0.05. The market cap of BTCS has elevated considerably since 2019.

“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,” said Charles Allen, the Chief Executive Officer of BTCS. “In the crypto space, BTCS has a long history of firsts, including being the first pure-play U.S. public company focused on cryptocurrencies and blockchains, the first U.S. public company to mine Bitcoin, the first U.S. public company to implement a digital asset treasury strategy, and the first U.S. public company to secure next-generation proof-of-stake blockchains.”

Stock Price

Following the announcement, the inventory worth of BTCS has spiked considerably. Since the beginning of 2022, the inventory of BTCS has jumped by roughly 40%. For the cost of dividends, the corporate has set a file date of 17 March 2022.

“Now, we are the first Nasdaq-listed company to pay a Bividend, a dividend payable in Bitcoin at the option of our shareholders. This is a moment we have long anticipated since the Company purchased the domain, bividend.com, in February 2015. BTCS is now in the financial position required to execute on the Company’s vision,” Allen added.



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