Nasdaq-listed BTCS pays dividend in Bitcoin

  • The blockchain company BTCS will pay dividends in Bitcoin to its investors.
  • The company, listed on the Nasdaq, is the first to offer such a dividend option in the US markets.
  • BTCS is still checking whether future dividends will also be paid in BTC.

BTCS Inc., a Nasdaq-listed blockchain technology company, will make its next dividend payment in Bitcoin for the first time in the U.S. markets, according to a filing filed with the Securities and Exchange Commission (SEC) on Wednesday.

“We would like to reward our longtime shareholders for their continued support and promote financial freedom by providing the funds to enable direct ownership of Bitcoin and other digital assets,” said Charles Allen, CEO of BTCS, in a statement.

Investors have until March 16, 2022 to register for the Bitcoin dividend, which BTCS refers to as the “Bividend”. The dividend cutoff date is set for the next day and those who choose not to receive it in BTC will instead receive it in traditional cash format.

BTCS is still checking whether it is a one-off dividend structure or whether future dividend payments will be made.

In addition to the blockchain infrastructure, BTCS offers a data analysis platform for customers interested in gaining insights from their cryptocurrency portfolios through an integration with popular exchanges such as Coinbase, Kraken and Gemini.

BTCS’s market cap has skyrocketed in three years, rising from $ 1 million in 2019 to $ 33 million in 2021, according to filings. Following Wednesday’s announcement, BTCS ‘shares rose more than 30% to $ 4 in less than an hour, causing its market capitalization to surge by nearly $ 10 million.

Equity Stock Transfer LLC, a New York City-based SEC-registered transfer agent, will act as the transfer agent of BTCS and keep the record holders on their books. The company will also help the blockchain company coordinate the logistics and processing of the Bitcoin dividend.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Iran permits cryptocurrencies for use in worldwide settlements, experiences reveal Bitcoin

Iran permits cryptocurrencies for use in worldwide settlements, experiences reveal

Authorities in Iran are preparing to allow the use of cryptocurrencies for international settlements....

By wpadminsonic164
β€’
Oman Invitations Bids From Corporations Thinking about Creating Regulatory Framework for Digital Belongings Bitcoin

Oman Invitations Bids From Corporations Thinking about Creating Regulatory Framework for Digital Belongings

Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in...

By wpadminsonic164
β€’
Iran to pilot ‘nationwide cryptocurrency’, think about blockchain expertise for inventory market Bitcoin

Iran to pilot ‘nationwide cryptocurrency’, think about blockchain expertise for inventory market

The Central Bank of Iran plans to launch the pilot phase of its digital...

By wpadminsonic164
β€’
Three Straightforward Elements: The right way to Educate Your Grandmother Bitcoin Bitcoin

Three Straightforward Elements: The right way to Educate Your Grandmother Bitcoin

A defining feature of the digital age has been the advent of digital entities...

By wpadminsonic164
β€’
Blockstream sponsors the Mempool Bitcoin challenge Bitcoin

Blockstream sponsors the Mempool Bitcoin challenge

Blockstream announced that it is now a sponsor of the open source project Mempool.Mempool...

By wpadminsonic164
β€’
German prosecutors fee native financial institution to “clear up” seized cryptocurrencies price 113 million US {dollars} Bitcoin

German prosecutors fee native financial institution to “clear up” seized cryptocurrencies price 113 million US {dollars}

German prosecutors have hired a bank to "clean up" cryptocurrencies that have been confiscated...

By wpadminsonic164
β€’
Single-issue bitcoin voter or a single non-political bitcoin pressure Bitcoin

Single-issue bitcoin voter or a single non-political bitcoin pressure

This article is a respectful partial agreement, but more of a disagreement, with Dennis...

By wpadminsonic164
β€’
Adidas Originals NFT Compilation enters prime 50 collections by quantity, practically $ 60 million in gross sales in 18 days Bitcoin

Adidas Originals NFT Compilation enters prime 50 collections by quantity, practically $ 60 million in gross sales in 18 days

Less than 20 days ago, German multinational sneaker and sportswear group Adidas launched the...

By wpadminsonic164
β€’

Latest Posts

Why I beat the drum of the Cardano Lengthy-Time period Philosophy – Entrepreneur Cardano

Why I beat the drum of the Cardano Lengthy-Time period Philosophy – Entrepreneur

InvestorPlace - Stock News, Stock Advice & Trading Tips Investorplace.com - InvestorPlace Cardano (CCC:ADA-USD)...

By wpadminsonic164
β€’
Shiba Inu, Bitcoin, Ethereum, Dogecoin, BNB, Bitgert & Centcex – 3 information about these cryptocurrencies – Analytics Perception Dogecoin

Shiba Inu, Bitcoin, Ethereum, Dogecoin, BNB, Bitgert & Centcex – 3 information about these cryptocurrencies – Analytics Perception

Shiba Inu, Bitcoin, Ethereum, Dogecoin, BNB, Bitgert & Centcex - 3 facts about these...

By wpadminsonic164
β€’
Variety of ETH addresses with some ETH exceeded 71 million Ethereum

Variety of ETH addresses with some ETH exceeded 71 million

The number of ETH addresses holding some ETH Coins has reached 71 million and...

By wpadminsonic164
β€’
Bitcoin Breaks ALL-TIME-HIGH! Coinbase IPO Information + BTC, ETH, XRP, LINK, EOS and TRX Value Targets Videos

Bitcoin Breaks ALL-TIME-HIGH! Coinbase IPO Information + BTC, ETH, XRP, LINK, EOS and TRX Value Targets

Which cryptocurrency do you hold the biggest bag of? Let me know in the...

By wpadminsonic164
β€’
WARNING SIGNAL FOR BITCOIN HOLDERS (vital)!! BITCOIN NEWS TODAY & BITCOIN PRICE PREDICTION 2021! Videos

WARNING SIGNAL FOR BITCOIN HOLDERS (vital)!! BITCOIN NEWS TODAY & BITCOIN PRICE PREDICTION 2021!

WARNING SIGNAL FOR BITCOIN HOLDERS (important)!! BITCOIN NEWS TODAY & BITCOIN PRICE PREDICTION 2021!

By wpadminsonic164
β€’
XCM: The Cross-Consensus Message Format Polkadot

XCM: The Cross-Consensus Message Format

As the final Polkadot 1.0 release, complete with Parachains draws close, the Cross-Consensus Messaging...

By wpadminsonic164
β€’
7 Greatest Cryptos to Purchase Heading as We Look In the direction of 2022 – InvestorPlace Stellar

7 Greatest Cryptos to Purchase Heading as We Look In the direction of 2022 – InvestorPlace

Cryptos are the future of money, with BitcoinΒ (CCC:BTC-USD) being one popular alternative. It does...

By wpadminsonic164
β€’
Binance Coin Worth Prediction: BNB Should Break That Barrier To 35% Earnings – FXStreet Binance

Binance Coin Worth Prediction: BNB Should Break That Barrier To 35% Earnings – FXStreet

The price of Binance Coin has been consolidating for almost two weeks with no...

By wpadminsonic164
β€’