3 years ago
Blockchain exertion institution BTCS is offering to wage shareholders a dividend successful bitcoin to showcase “the disruptive quality of blockchain technology,” according to CEO Charles Allen.
Investors tin opt to person the 5 cents-a-share dividend successful bitcoin, the institution said successful a filing Wednesday. Otherwise they volition person the payout successful cash.
The institution said it’s the archetypal Nasdaq-listed steadfast wherever shareholders person the enactment to person a dividend with bitcoin. By paying successful bitcoin, the institution said it hopes to beforehand the adoption of crypto and blockchain technology. The determination has been planned for a while, BTCS bought the bividend.com domain sanction successful 2015.
“We privation to reward our long-time shareholders for their continued enactment and promote fiscal state by providing the means to alteration nonstop ownership of bitcoin and different integer assets,” Allen said successful the statement.
The company’s shares, which started trading successful September, jumped astir 40% Wednesday, taking its marketplace capitalization to astir $43 million.
While the existent payout is simply a one-off, BTCS said it is inactive evaluating whether to proceed the program.
Michael Bellusci is CoinDesk's crypto payments reporter.
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