BTCS Inc., a blockchain technology firm, has announced its first-ever dividend that will be payable in Bitcoin. The firm is calling this its first “bividend”, paying out in a way that more closely aligns with the sensibilities of its investors. Of course, investors can choose to receive a cash payment of 5 cents per share, but those who want to receive Bitcoin will receive a fractional share of Bitcoin equivalent to 5 cents per share at the time of the payment. The Bividend is considered an opportunity for shareholders to convert their returns into yet another investment. Those who are bullish on Bitcoin will likely want to hold their Bividends because the apex token appears to have bottomed out. Plus, a dividend like this gives investors instant diversity. At press time, BTCS stock dipped almost 3%, trading just above $3 per share.
Category
🗞
News