The company is promising $0.05 worth of BTC per share, based on the price of the cryptocurrency at checkout.
Investors who do not want to receive the so-called “dividends” can take them in cash.
The US company BTCS stated that it will be the first NASDAQ-listed company to pay its dividend in Bitcoin (BTC), and a few hours later its shares are up more than 40%. The Board of Directors has stated that it will award a dividend of $0.05 per share outstanding, payable to stockholders of record at close of business on March 17, 2022.
Shareholders are offered the option of receiving the proceeds of their dividend in cash or in the form of bitcoin. The company calls this last option “Bivedido.” He will give it based on what the price of the cryptocurrency will be on March 16th.
“This is a moment we’ve come to expect since the company purchased the domain, bividend.com, in February 2015,” said Charles Allen, CEO of BTCS, according to a statement.
The company focuses on the development of blockchain infrastructure, Its shares saw a rise of nearly 40%, on Wednesday, January 5th, making its market value around $43 million, as shown by Yahoo Finance.
BTCS Inc shares surged over 40% as soon as it became known that the company would be paying dividends on bitcoin. Source Yahoo Finance.
BTCS believes that by paying its dividends in bitcoin, it is driving the adoption of the cryptocurrency, while opening a new chapter in its eight-year history.
Most important to the ethos of BTCS is cryptocurrency adoption and financial freedom. Since 2014, BTCS has been committed to developing the infrastructure that supports blockchain technology. Continuing on this journey, BTCS is now opening the next chapter to our mission of further promoting blockchain adoption.
Statement from BTCS Inc.
As CriptoNoticias reported last year, there has been a significant increase in crypto ecosystem companies on global exchanges. In fact, between January and August of last year, Almost as many companies that hit the stock market as in 2019 and 2020 combined.
Among exchanges, mining equipment manufacturers, mining companies, fintech companies and hardware manufacturers for the Bitcoin industry, A total of 57 companies were counted that are publicly circulated. More popular names include Marathon, Silvergate, Canaan, Ebang, and Northern Data.
The number continues to grow, until BTCS Inc. It is among the new companies listed on the stock market, having entered Nasaq in September 2021.