Nasdaq-Listed BTCS To Pay Dividend In Bitcoin Today

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  • Blockchain firm BTCS will pay dividends in bitcoin to its investors.
  • The Nasdaq-listed company has become the first to offer such a dividend option in U.S. markets.
  • BTCS is still evaluating if future dividends will also be paid out in BTC.

BTCS Inc., a Nasdaq-listed blockchain technology company, will make its next dividend payment in bitcoin in a first for U.S. markets, according to a Wednesday filing with the Securities and Exchange Commission (SEC).

“We want to reward our long-time shareholders for their continued support and encourage financial freedom by providing the means to enable direct ownership of Bitcoin and other digital assets,” BTCS CEO Charles Allen said in a statement.

Read More:   In Support Of Responsibly Assessing Bitcoin And Fintech Today

Investors can opt-in to the bitcoin dividend, which BTCS is calling a “Bividend,” by March 16, 2022. The dividend’s record date is set for the next day, and those who don’t choose to receive it in BTC will get it in the traditional cash format instead.

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