BTCS Inc. (Btcs)A nasdaq-listed crypto strategy company focused on Ethereum will distribute a first-in-the-stroke ether (Eth) Dividends to shareholders, the company said on Monday.
The one -time payment, called “Bividend”, amounts to $ 0.05 per day. Share and can be received either in ETH or cash, the company says in a release. Qualified shareholders must register on September 26, the record date for the payment.
BTCS also offers a “loyalty payment of $ 0.35 per day.
With this step, the company aims to reward long -term investors and discourage card sales, making it more difficult for shares to be borrowed for short sales, says the company. A short sale is an effort on the share price that falls and is about the sale and subsequently repurchase of borrowed share.
“By rewarding shareholders holding on to our transfer agent, we block predatory sellers, cut manipulation and build a stronger base,” Charles Allen CEO said in an X post. “Short salespeople are betting that we dilute. Our loyalty program is fighting back.”
He pointed out an interruption between the company’s balance value of approx. $ 6.65 per
BTCS rose 7% in the early hours of the session to $ 4.71, while other digital asset box companies like Bitmine (BMNR) and Sharplink (Sbet) dropped.
BTCS was about an Ether -focused digital asset strategy in 2021, long before the recent wave of companies appeared on the market. It held over 70,000 ETH per year. August 12, according to the company’s website, now worth approx. $ 300 million.
Read more: Bitmine Immersions Ether Holdings Top $ 6.6b, stock slides 7% next to ETH’s tumble
