A Nasdaq-listed firm has introduced that shareholders can obtain dividends in bitcoin. The firm claims to be the first one to pay dividends in the cryptocurrency.
‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’
Blockchain firm BTCS Inc. (Nasdaq: BTCS) introduced 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 firm to pay a Bividend, a dividend payable in bitcoin at the possibility 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 firm detailed.
The Nasdaq-listed blockchain firm is creating a proprietary staking-as-a-service platform to enable customers to stake and delegate supported cryptocurrencies by way of a non-custodial platform.
BTCS’ proprietary digital asset information analytics platform at the moment helps six exchanges and over 800 digital property. The firm plans to broaden its suite of performance-tracking instruments.
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