Ethereum treasury firm BTCS announces special blockchain dividend
Ethereum treasury firm BTCS, one of the largest Ethereum (ETH) treasury companies to date, has announced that it will pay a one-time special blockchain dividend or “Bividend” to its shareholders.
All shareholders will be eligible to receive $0.05 ETH per share, paid on-chain.
Became the First Company!
BTCS, also referred to as Ethereum’s MicroStrategy, announced today that it will pay its shareholders a one-time blockchain dividend of $0.05 per share in Ethereum.
BTCS thus became the first public company in the world to distribute dividends in ETH.
BTCS also announced that it will offer a one-time Ethereum loyalty payment of $0.35 per share to shareholders who transfer their shares to the company’s transfer agent and hold them there for at least 120 days.
BTCS CEO Charles Allen said in a statement:
BTCS announced today that it will pay its shareholders a one-time blockchain dividend, or “Bividend,” of $0.05 per share in Ethereum (ETH).
These payments are designed to reward our long-term shareholders and enable them to take control of their investments by reducing the likelihood that their shares will be loaned out to predatory short sellers.
BTCS also made history as the first public company in the world to distribute dividends in ETH.
*This is not investment advice.
