Blockchain technology company BTCS is offering to pay shareholders a dividend in bitcoin to showcase the disruptive nature of blockchain technology. Investors can opt to receive the $0.05 per share dividend (or “bividend”) in bitcoin. Otherwise they will receive the pay-out 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 bividend.com domain name in 2015.
The company’s shares, which started trading in September on Nasdaq, jumped about 40% Wednesday, taking its market capitalization to about $43 million.
Sven Franssen