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A NASDAQ-listed company announced that shareholders can receive dividends in Bitcoin. The company claims to be the first company to pay dividends in cryptocurrency.
“NASDAQ-listed company pays dividends in Bitcoin for the first time”
Blockchain company BTCS Inc. (Nasdaq: BTCS) announced on Wednesday, “This is the first dividend paid by a Nasdaq listed company in Bitcoin.” BTCS refers to the dividend as Bividend.
Charles Allen, CEO of BTCS commented:
We are the first Nasdaq-listed company to pay Bividend dividends, which are paid in Bitcoin by shareholders.
“BTCS intends to pay $0.05 per share in Bitcoin based on the Bitcoin price on the ex-dividend date. Investors who do not choose to accept Bitcoin Bividend will receive a cash dividend of $0.05,” the company detailed.
The NASDAQ-listed blockchain company is developing a proprietary pledge-as-a-service platform that allows users to pledge and commission supported cryptocurrencies through a non-custodial platform.
BTCS’s proprietary digital asset data analysis platform currently supports 6 exchanges and more than 800 digital assets. The company plans to expand its suite of performance tracking tools.
Do you think all companies should provide shareholders with the option of receiving dividends in Bitcoin? Please let us know in the comments section below.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
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