The Nasdaq-listed blockchain technology-focused firm, BTCS just lately introduced that it has determined to supply dividends in Bitcoin. By 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 grew to become the first-ever firm listed on Nasdaq to supply dividends payable in Bitcoin. Known as Bividend, the BTC dividend is a first-of-its-kind provided by a listed firm.
BTCS intends to pay $0.05 per share in BTC, primarily based on the Bitcoin value on the ex-dividend date. For traders not inquisitive about Bividend, the corporate is planning to pay a money dividend of $0.05. The market cap of BTCS has elevated considerably since 2019.
“We need to reward our long-time shareholders for his or her continued help and encourage monetary freedom by offering the means to allow direct possession of Bitcoin and different digital property,” stated Charles Allen, the Chief Government Officer of BTCS. “Within the crypto house, BTCS has an extended historical past of firsts, together with being the primary pure-play U.S. public firm centered on cryptocurrencies and blockchains, the primary U.S. public firm to mine Bitcoin, the primary U.S. public firm to implement a digital asset treasury technique, and the primary U.S. public firm to safe next-generation proof-of-stake blockchains.”
Inventory Value
Following the announcement, the inventory value of BTCS has spiked considerably. For the reason that begin of 2022, the inventory of BTCS has jumped by roughly 40%. For the cost of dividends, the corporate has set a document date of 17 March 2022.
“Now, we’re the primary Nasdaq-listed firm to pay a Bividend, a dividend payable in Bitcoin on the possibility of our shareholders. This can be a second now we have lengthy anticipated for the reason that Firm bought the area, bividend.com, in February 2015. BTCS is now within the monetary place required to execute on the Firm’s imaginative and prescient,” Allen added.
The Nasdaq-listed blockchain technology-focused firm, BTCS just lately introduced that it has determined to supply dividends in Bitcoin. By 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 grew to become the first-ever firm listed on Nasdaq to supply dividends payable in Bitcoin. Known as Bividend, the BTC dividend is a first-of-its-kind provided by a listed firm.
BTCS intends to pay $0.05 per share in BTC, primarily based on the Bitcoin value on the ex-dividend date. For traders not inquisitive about Bividend, the corporate is planning to pay a money dividend of $0.05. The market cap of BTCS has elevated considerably since 2019.
“We need to reward our long-time shareholders for his or her continued help and encourage monetary freedom by offering the means to allow direct possession of Bitcoin and different digital property,” stated Charles Allen, the Chief Government Officer of BTCS. “Within the crypto house, BTCS has an extended historical past of firsts, together with being the primary pure-play U.S. public firm centered on cryptocurrencies and blockchains, the primary U.S. public firm to mine Bitcoin, the primary U.S. public firm to implement a digital asset treasury technique, and the primary U.S. public firm to safe next-generation proof-of-stake blockchains.”
Inventory Value
Following the announcement, the inventory value of BTCS has spiked considerably. For the reason that begin of 2022, the inventory of BTCS has jumped by roughly 40%. For the cost of dividends, the corporate has set a document date of 17 March 2022.
“Now, we’re the primary Nasdaq-listed firm to pay a Bividend, a dividend payable in Bitcoin on the possibility of our shareholders. This can be a second now we have lengthy anticipated for the reason that Firm bought the area, bividend.com, in February 2015. BTCS is now within the monetary place required to execute on the Firm’s imaginative and prescient,” Allen added.
