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

Nasdaq-Listed Company to Pay Dividends in Bitcoin

A Nasdaq-listed firm has introduced that shareholders can obtain dividends in bitcoin. The firm claims to be the primary one to pay dividends within 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 firm.” BTCS refers back to the dividend as Bividend.

Charles Allen, BTCS’ CEO, commented:

We are the primary Nasdaq-listed firm to pay a Bividend, a dividend payable in bitcoin on the possibility of our shareholders.

“BTCS intends to pay $0.05 per share in bitcoin, primarily based on the bitcoin value on the ex-dividend date. Investors who don’t elect to obtain the Bividend in bitcoin will obtain a money dividend of $0.05,” the corporate detailed.

The Nasdaq-listed blockchain firm is growing a proprietary staking-as-a-service platform to permit customers to stake and delegate supported cryptocurrencies by way of a non-custodial platform.

BTCS’ proprietary digital asset knowledge analytics platform at the moment helps six exchanges and over 800 digital belongings. The firm plans to broaden its suite of performance-tracking instruments.

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