BTCS Inc – a U.S publicly traded company focused on Blockchain technology – becomes the first-ever Nasdaq-listed company to offer dividend payable in Bitcoin. The company’s dividend would be tagged as Bividend. The announcement made in a blog post read,
“The Company also published a new investor presentation on its website to provide more insight regarding recent successes and future growth plans, as well as the underlying market dynamics expected to drive BTCS’ growth in 2022.”
Notably, the company stated that cryptocurrency adoption and financial freedom were of utmost importance to its ethos. The blog post added that the company has been committed to the development of blockchain technology infrastructure since 2014.
On the Bitcoin dividend, BTCS stated that these dividends were payable to the company’s shareholders “of record at their election” in either Bitcoin or cash. The dividends per share will be $0.05, paid in Bitcoin. This will be based on the cryptocurrency’s price on the ex-dividend date.
Charles Allen – Chief Executive Officer of BTCS – stated the reason for offering Bitcoin dividends as,
“We want to reward our long-term shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets.”
Notably, the CEO of BTCS stated that this has been the company’s agenda since it had purchased bividend.com domain in February 2015. He also added that the company has had a history of being a first in several matters, including being the first U.S public company to mine Bitcoin.
“With BTCS’ year-end 2021 stock price of $3.14 per share representing a 12.6% discount to the Company’s digital asset holdings and cash position of $3.56 per share, or $37.8 million, this is an ideal time to reward our shareholders with a non-taxable return-of-capital Bividend.”