BTCS is the First Nasdaq-Listed Company to Pay Dividend in Bitcoin

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Key Takeaways:

  • BTCS is the first Nasdaq-listed company to pay dividend in bitcoin.
  • BTCS Inc.’s stock jumped 32% to $4 after the business said it will be the first Nasdaq-listed company to pay its dividend in Bitcoin.
  • The company stated that it wants to pay its five-cent “Bividend” in Bitcoin, based on the Bitcoin price on the ex-dividend date. Investors who do not choose to receive Bitcoin will receive a five-cent cash dividend.
Btcs Is The First Nasdaq-Listed Company To Pay Dividend In Bitcoin
BTCS is the First Nasdaq-Listed Company to Pay Dividend in Bitcoin

BTCS, which focuses on blockchain technology, has announced the first-ever Bitcoin dividend paid by a Nasdaq-listed company, which it refers to as a Bividend. The company, in addition, posted a new investor presentation on its website (www.btcs.com) to provide more information about recent accomplishments and future growth goals, as well as the underlying market fundamentals that are projected to fuel BTCS’ growth in 2022.

The acceptance of cryptocurrencies and financial freedom is central to the BTCS ethos. BTCS has been committed to providing the infrastructure that supports blockchain technology since 2014. It is currently embarking on the next chapter of its quest to encourage the adoption of crypto and blockchain technology.

Based on the Bitcoin price on the ex-dividend date, BTCS expects to pay $0.05 per share in Bitcoin. Those who do not choose to receive the Bividend in Bitcoin will receive a $0.05 cash dividend.

“By giving the means to permit direct ownership of Bitcoin and other digital assets, we wish to reward our long-time shareholders for their continuous support and encourage financial freedom,” said Charles Allen, Chief Executive Officer of BTCS. 

“BTCS has a lengthy history of firsts in the crypto industry, including being the first U.S. public business to mine Bitcoin, the first U.S. public company to adopt a digital asset treasury strategy, and the first U.S. public firm to secure next-generation proof-of-stake blockchains.”

By actively processing and confirming blockchain transactions, the company protects Proof-of-Stake blockchains and is rewarded with native digital currencies. In addition, developing a proprietary Staking-as-a-Service platform that will allow users to stake and delegate supported cryptocurrencies on a non-custodial platform, which it plans to integrate with its Data Analytics Dashboard, which is now in beta.

BTCS’s unique digital asset data analytics platform supports six exchanges and over 800 digital assets. In addition, the business plans to expand its suite of performance-tracking tools to include more centralised and decentralised exchanges, wallets, and stake pools monitoring.

Its digital asset treasury strategy, which focuses on disruptive non-security protocol layer assets, is essential to its business model and aids in its expansion.

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Chetna Prakash