Bividend: Nasdaq-Listed Company to Pay Dividends in Bitcoin at the Option of Shareholders

Bividend: Nasdaq-Listed Company to Pay Dividends in Bitcoin at the Option of Shareholders

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. ‘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. Tags in this story Bitcoin dividends, bividend, Blockchain, Blockchain Company, BTCS, BTCS dividends, BTCS dividends in bitcoin, crypto dividends, cryptocurrency dividends, nasdaq listed company, staking, staking as a service, staking as the service

Do you think all companies should offer shareholders the option of receiving dividends in bitcoin? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. NFT Analytics Platform Cryptoslam Raises $9M From Animoca Brands, Mark Cuban, Sound Ventures FINANCE | 15 hours ago Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypto Offers FINANCE | 2 days ago

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