BTCS stock jumps 44% after announcing first-ever dividend payable in Bitcoin
Bids for the blockchain company's shares rose after announcing first-ever Bitcoin dividends on Nasdaq. On Jan. 5, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish.Blockchain stock soarsThe share value of BTCS Inc. (BTCS), a blockchain technology company, surged nearly 44% to $4.36 at the New York closing bell, thus becoming the third-best performer on Nasdaq after Lixte Biotechnology (LIXT) and Mainz Biomed BV (MYNZ).Top Nasdaq performers as of Jan. 5, 2022's close. Source:....
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A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency.
‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’
Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers to the dividend as Bividend.
Charles Allen, BTCS’ CEO, commented:
We are the first Nasdaq-listed company to pay a Bividend, a dividend payable in....
Investors will be able to choose between bitcoin and cash for the dividend payout.
In a groundbreaking move, BTCS has unveiled plans to distribute the world’s first blockchain dividend to its investors and pay out shareholders with Ethereum. By delivering shareholder rewards directly on-chain, the company is signaling a future where blockchain-native payouts could become the norm across the global financial sector. The Long-Term Signal For Institutional Crypto Adoption Nasdaq-listed BTCS Inc. has announced a landmark move in traditional finance and crypto integration to become the first publicly traded company in the world to issue dividends in Ethereum. According to the....
In an attempt to create one of the world's first publicly traded bitcoin transaction verification companies, Bitcoin Shop, Inc. (BTCS) and Spondoolies-Tech, Ltd. have announced that they are in the process of merging. By merging, BTCS, which recently launched its own mining farm, would gain access to the technology of one of the top hardware providers in the ecosystem. The deal is an all-stock deal that will result in BTCS owning 53 percent of the combined company. This is due to the recent $1.5 million investment in Spondoolies that took place in May, which was a first step in completing....
BTCS, the Bitcoin company is seeing the price of its stocks plummet to an all time low. The stocks belonging to BTCS, the bitcoin company has been seeing a considerable amount of activity in the recent days. Being traded on OTCMarkets, the ‘Pure Play’ US public company has been under the weather lately as its stocks hit an all-time low. The company’s stock prices have plunged steeply to trade at $0.06 a pop. As the price started to exhibit a downward trend, there has been a significant increase in the trade volumes. The increased trade volumes were a result of investors selling/liquidating....