BTCS Inc., listed on Nasdaq, has made a historic move by announcing a dividend payout in Ethereum ($ETH ), becoming the first public company to implement such a practice. Shareholders will receive a one-time dividend ('Bividend') of $0.05 per share in ETH, as well as a loyalty bonus of $0.35 per share for those who transfer their shares to the transfer agent and hold them until January 26, 2026. The total payout amounts to $0.40 per share in ETH. This was reported on the company's website.
This move elicited a positive reaction from traders: BTCS shares rose by 10.4% to $4.87 after the announcement. Investors see this as an opportunity to access cryptocurrencies through traditional markets, avoiding the complexities of directly holding ETH. BTCS, which owns 70,140 ETH worth over $300 million, is using this strategy to attract long-term investors and counter short selling.
Analysts note that BTCS's initiative could set a precedent for integrating blockchain into corporate finance. Stay tuned for crypto market news! Subscribe to #MiningUpdates for up-to-date updates!
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