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BTCS – a Blockchain Company, will Pay a Dividend in Bitcoin; its Stock Price Has Risen as a Result

Investors who choose not to receive the so-called “bividend” will receive a regular cash payout.

Blockchain technology company BTCS is offering to pay shareholders a dividend in bitcoin to showcase “the disruptive nature of blockchain technology,” according to CEO Charles Allen.

Investors can opt to receive the 5 cents-a-share dividend in bitcoin, the company said in a filing Wednesday. Otherwise they will receive the payout in cash.

The company said it’s the first Nasdaq-listed firm where shareholders have the option to receive a dividend with bitcoin. By paying in bitcoin, the company said it hopes to promote the adoption of crypto and blockchain technology. The move has been planned for a while, BTCS bought the domain name in 2015.

“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,” Allen said in the statement.

The company’s shares, which started trading in September, jumped about 40% Wednesday, taking its market capitalization to about $43 million.

While the current payout is a one-off, BTCS said it is still evaluating whether to continue the program.

Source: CoinDesk


About Skyhigh.Vip  

Skyhigh.Vip is a global institutional investor with a vast interest in Arts / Construction / Education / Business Services / E-Sports and various other growth industries.  

Several of its popular portfolios include GO Chambers which is the world’s largest business chamber listing provider with over 30,000 active chambers as its members.  

Flexgigzz is the Asia leading marketplace for freelancers service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.

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