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FIRST NASDAQ COMPANY PAYS DIVIDEND IN BITCOIN!

 


The US blockchain-focused company BTCS Inc. announced on January 5th that it would give investors the opportunity to receive their dividends in Bitcoin. BTCS Inc. is the first company listed on the Nasdaq to offer distributions in the form of cryptocurrencies.


About BTCS Inc.

The company, which is listed on the Nasdaq, has been focusing on the blockchain area since 2014. Over time, the employees have been able to gain a lot of experience. The company specializes in securing digital assets such as Bitcoin.



You can have your entire crypto portfolio displayed on a clearly laid out platform. The exchanges supported by the platform are Coinbase, Bittrex, Gemini, FTX; Bitstamp and Kraken. In addition, work is currently underway to enable the staking of some coins, including ADA and DOT, to be made possible via the platform.


Dividend in Bitcoin

One of the most progressive projects that BTCS Inc. is working or has been working on is the introduction of a dividend - that is a dividend in Bitcoin. Investors can decide whether they will receive their dividends normally in the respective fiat currency or in Bitcoin.


Thus, cryptocurrencies have also reached a new milestone in the stock market. BTCS Inc. is the first company listed on the Nasdaq to offer a dividend. For the time being, the dividend in Bitcoin can only be used by investors who buy the share by March 16 of this year.


Charles Allen, CEO of BTCS Inc. proudly states:



Now we are the first company listed on the Nasdaq to pay a bividend, a dividend that is payable in Bitcoin at the option of our shareholders. This is a moment we've been working towards since the company bought the bividend.com domain  in February 2015.


Be part of the dividend

In order for you to receive your dividend in BTC, it is only necessary to be a shareholder of BTCS Inc. or to become a shareholder by March 16, 2022. However, the prioritized payout method is still the respective fiat currency. If you would like to receive your dividend , a corresponding form must be filled out and sent to BTCS Inc.


Share flies up

The dividend for that year was set at $ 0.05 per share. This corresponds to a current return of approx. 1.15%. The amount of the dividend also corresponds to the amount of the dividend.


The stock benefited from the bullrun in cryptocurrencies in early 2021. In January 2021, for example, the share jumped from USD 1.90 to USD 21.80 within a very short period of time. A little later, however, there was another sale and the share turned negative, similar to Bitcoin.


However, the release of the official blog post got the stock going again. BTCS stock jumped a staggering 44% from $ 3.03 to $ 4.36. 

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