U.S. markets closed
  • S&P 500

    3,901.36
    +0.57 (+0.01%)
     
  • Dow 30

    31,261.90
    +8.77 (+0.03%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • Russell 2000

    1,773.27
    -2.96 (-0.17%)
     
  • Crude Oil

    110.35
    +0.46 (+0.42%)
     
  • Gold

    1,845.10
    +3.90 (+0.21%)
     
  • Silver

    21.76
    -0.14 (-0.65%)
     
  • EUR/USD

    1.0562
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    2.7870
    -0.0680 (-2.38%)
     
  • GBP/USD

    1.2495
    +0.0020 (+0.16%)
     
  • USD/JPY

    127.8500
    +0.0560 (+0.04%)
     
  • BTC-USD

    30,183.92
    +913.96 (+3.12%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     
  • Nikkei 225

    26,739.03
    +336.19 (+1.27%)
     

BTCS becomes the first company to offer dividends paid in Bitcoin

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Blockchain-focused BTCS has become the first Nasdaq-listed company to offer investors a dividend payable in Bitcoin – referred to as a ‘Bividend’.

The ‘Bividend‘ will be payable at $0.05 per share owned in Bitcoin, based on the Bitcoin price on the date when dividends are distributed.

The development marks the first time a company has offered dividends in the market-leading asset as an alternative to cash payments.

Being the first ‘Pure Play’ US publicly-traded company focused on blockchain technologies, BTCS provides blockchain infrastructure and helps secure proof-of-stake blockchains through the native staking of crypto assets.

It is also currently developing a proprietary ‘staking-as-a-service‘ platform to allow users to stake supported cryptocurrencies through a non-custodial platform.

BTCS is currently operating nodes on the Ethereum 2.0 network and plans to expand to other ‘disruptive’ blockchains such as Solana, Polkadot, Cosmos, Cardano, Polygon and Algorand in the future.

“We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets,” said Charles Allen, Chief Executive Officer of BTCS.

“In the crypto space, BTCS has a long history of firsts, including being the first pure-play US public company focused on cryptocurrencies and blockchains, the first US public company to mine Bitcoin and the first US public company to secure next-generation proof-of-stake blockchains.”

Allen also added that, thanks to an improved financial position, now was an “ideal time to reward our shareholders with a non-taxable return-of-capital Bividend”.