Nasdaq-listed company pays dividends in Bitcoin at shareholders' choice – Finance

A Nasdaq-listed company has announced that shareholders can receive dividends in Bitcoin. The company claims to be the first company to pay dividends in the cryptocurrency.

“First dividend payable in Bitcoin from a Nasdaq-listed company”

Blockchain company BTCS Inc. (Nasdaq: BTCS) on Wednesday announced “the first-ever dividend payable in Bitcoin from a Nasdaq-listed company.” BTCS refers to the dividend as Bividend.

BTCS CEO Charles Allen commented:

We are the first Nasdaq-listed company to pay a Bividend, a dividend payable in Bitcoin at the election of our shareholders.

"BTCS intends to pay $0.05 per Bitcoin share based on the Bitcoin price on the ex-dividend date. Investors who do not elect to receive the Bividend in Bitcoin will receive a cash dividend of $0.05," the company explained.

The Nasdaq-listed blockchain company is developing a proprietary staking-as-a-service platform that allows users to stake and delegate supported cryptocurrencies through a non-custodial platform.

BTCS’ proprietary digital asset data analytics platform currently supports six exchanges and over 800 digital assets. The company plans to expand its range of performance tracking tools.

Do you think all companies should offer shareholders the opportunity to receive dividends in Bitcoin? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the interface between economics and cryptography.

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