Blockchain- focused BTCS has actually ended up being the very first Nasdaq- noted business to provide financiers a dividend payable in Bitcoin– described 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’ United States publicly-traded business concentrated on blockchain innovations, BTCS supplies blockchain facilities and assists protect proof-of-stake blockchains through the native staking of crypto properties.
It is likewise presently establishing 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,” stated 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 likewise included that, thanks to a better monetary position, now was an “ideal time to reward our shareholders with a non-taxable return-of-capital Bividend”.
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