BTCS to pay out loyalty in ETH to deter ‘predatory short-sellers’

Ethereum treasury steadfast BTCS Inc. volition contented a one-time Ether dividend outgo and a loyalty payment, totaling $0.40 per stock successful ETH, to reward shareholders and bounds “predatory short-selling.”

“These payments are designed to reward our semipermanent shareholders and empower them to instrumentality power of their concern by reducing the quality of their shares to beryllium lent to predatory short-sellers,” the Bitcoin mining-turned Ethereum steadfast said connected Monday. 

BTCS says it would beryllium the archetypal publically traded institution to contented a dividend successful ETH — a determination seemingly received good by investors arsenic BTCS shares roseate 10.4% connected the day.

ETH “Bividend” to beryllium paid successful September

The ETH dividend — dubbed the “Bividend” — of $0.05 per stock volition beryllium paid connected Sept. 26, portion the $0.35 per stock “Loyalty Payment” volition beryllium paid successful ETH to those holding the shares until Jan. 26, 2026. The loyalty outgo volition beryllium offered to each shareholders but officers, directors and employees, the institution noted.

Source: Benjamin Hunter

The erstwhile Bitcoin mining steadfast is looking to basal retired amid a crowded tract of 69 ETH treasury entities competing to amass the largest ETH holdings.

Ether treasury firms person been a cardinal catalyst down Ether’s terms rally from astir $1,465 to $4,775 implicit the past 4 months.

BTCS eyes apical 10 successful ETH treasury race

Bitmine Immersion Tech and SharpLink Gaming pb the race, with 1.5 cardinal ETH and 728,800 ETH, respectively, portion BTCS sits 11th astatine 70,000 ETH worthy implicit $303 million, StrategicETHReserve data shows. 

Top 15 largest entities by ETH holdings. Source: StrategicETHReserve.xyz

BTCS has been leveraging decentralized finance — specified arsenic borrowing connected Aave — and staking since astatine slightest 2022, but lone started aggressively accumulating ETH implicit the past fewer months.

Related: Ether ETFs smash records arsenic crypto products spot $3.75B inflows

It has funded purchases done at-the-market equity offerings and issuing convertible notes, akin to strategies adopted by its competitors.

BTCS partially recovers aft tumbling from July high

BTCS shares roseate 10.4% connected the quality to $4.87 connected Monday, clawing backmost immoderate mislaid crushed since reaching a 2025 precocious of $6.57 connected July 18, Google Finance data shows.

The Nasdaq-listed steadfast present boasts a marketplace headdress of $233 million.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’