BTCS to Distribute Ether Dividend and Loyalty Payment to Shareholders
BTCS Inc. (BTCS) will distribute a unique ether (ETH) dividend, called "Bividend," of $0.05 per share to shareholders. This payout can be received in either ETH or cash, with eligible shareholders needing to opt in by September 26.
The company is also providing a $0.35 per share "loyalty payment" in ETH for those who transfer their shares to the company's transfer agent and maintain them until January 26, 2026. This initiative aims to reward long-term investors and deter short selling.
Key points include:
- CEO Charles Allen stated that the loyalty program counters predatory short sellers.
- The company's balance sheet values shares at about $6.65, while the market price is under $5.
- BTCS stock rose by 7% to $4.71, contrasting with declines in shares of other digital asset companies.
- As of August 12, BTCS held over 70,000 ETH, valued at approximately $300 million.