BTCS Inc. (BTC)A cryptographic strategy firm that is quoted in Nasdaq focused on Ethereum, will distribute a first type ether (Eth) Dividend to the shareholders, the company said Monday.
The single payment, called “Bividend”, amounts to $ 0.05 per share and can be received in ETH or cash, the company said in a statement. Eligible shareholders must opt before September 26, the date of registration for payment.
BTCS also offers a “loyalty payment” of $ 0.35 per share in ETH to the shareholders who transfer their holdings to the entrance of books with the company’s transfer agent and keep them there until January 26, 2026.
With this step, the company aims to reward long -term investors and discourage short sale, which makes shares to be provided for short sales, said the company. A short sale is a commitment to the price of shares that falls and revolves around sale and subsequent repurchase of shares provided.
“By rewarding shareholders who keep our transfer agent, we block short sellers of predators, reduce manipulation and build a stronger base,” said CEO Charles Allen in an X Post. “Short vendors are betting on diluting. Our fighting program fights.”
He pointed out a disconnection between the company’s balance value of approximately $ 6.65 per cash and holding digital assets versus the market price below $ 5.
BTCS increased 7% in the early hours of the session to $ 4.71, while other digital assets treasury companies such as Bitmine (BMNR) and Sharplink (Sbet) declined
BTCS turned to a strategy of digital assets centered on the ether in 2021, long before the recent wave of companies in the market appeared. It had more than 70,000 ETH as of August 12, according to the firm’s website, which is now worth approximately $ 300 million.
Read more: Bitmine Immersion ether holdings are $ 6.6b, they slide through 7% shares along with the fall of ETH
