Company to Pay Dividend in Bitcoin

A Nasdaq-listed organization has decided to pay its shareholders, dividend in Bitcoin. The company has claimed that it is the first to do so.  

BTCS Inc. a blockchain company has announced, “the first-ever dividend payable in Bitcoin by a Nasdaq-listed company”. The dividend is referred to as Bividend by BTCS

They have said that they will pay $0.05 per share in Bitcoin, based on the prices of Bitcoin on the ex-dividend date. The company has also highlighted that those investors who are not interested in receiving Bitcoin as a dividend will be given cash.  

BTCS is also developing a platform for staking as a service, allowing users to stake and delegate their cryptocurrencies. 

Currently, over 800 digital assets and six exchanges are supported by BTCS’s proprietary digital asset data analytics platform. The BTCS is also planning to extend its group of tools for performance tracking.   

Disclaimer: The article is meant for the educational purpose only and in no way it should be considered as financial advice. Own research on the topic is advisable.

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