Traders liked the idea of the ether-treasury company BTCS paying dividends in ETH, announced on August 18.
On September 26, the firm will distribute a reward called the 'Bividend' ('Blockchain Dividend') of $0.05 in ETH for each security. Additionally, individuals who register their shares with the transfer agent and hold them until January 26, 2026, will receive another $0.35 in ETH per security. Thus, each security will yield $0.40.
These payments are intended to reward our long-term investors and allow them to better control their investments, reducing the likelihood of securities falling into the hands of traders who would short them.
BTCS employees are excited about the opportunity to make history because our firm will be the first publicly traded company in the world to pay dividends in ethers, representatives of BTCS wrote.
Market participants enthusiastically received this plan and began buying up the company's securities. As a result, over the past day, their price has increased by more than 10%, but this has not eliminated the danger of a bearish trend starting.
BTCS owns 70,000 ethers worth $294.4 million at the current exchange rate. On August 14, after reaching a peak of $4,868, the cryptocurrency price fell by 12% and continues to decline. Therefore, it becomes obvious that with the help of the bonus, the organization's management wants to reduce the risk of selling a large number of securities amid the decreasing value of ether.
