A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency.
Bividend: Nasdaq-Listed Company to Pay Dividends in Bitcoin at the Option of Shareholders
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‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’
Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers to the dividend as Bividend.
Charles Allen, BTCS’ CEO, commented:
We are the first Nasdaq-listed company to pay a Bividend, a dividend payable in bitcoin at the option of our shareholders.
“BTCS intends to pay $0.05 per share in bitcoin, based on the bitcoin price on the ex-dividend date. Investors who do not elect to receive the Bividend in bitcoin will receive a cash dividend of $0.05,” the company detailed.
The Nasdaq-listed blockchain company is developing a proprietary staking-as-a-service platform to allow users to stake and delegate supported cryptocurrencies through a non-custodial platform.
BTCS’ proprietary digital asset data analytics platform currently supports six exchanges and over 800 digital assets. The company plans to broaden its suite of performance-tracking tools.
Do you think all companies should offer shareholders the option of receiving dividends in bitcoin? Let us know in the comments section below.
About the author
WRITTEN BYKevin Helms
Kevin Helms is a cryptocurrency journalist specializing in Bitcoin, blockchain regulation, and global digital asset markets.
