BTCS announces 5c blockchain dividend payable in ethereum

BTCS (BTCS) is paying shareholders a one-time blockchain dividend, or “Bividend” of $0.05 per share in Ethereum (ETH). The Bividend marks the first time a public company has paid a dividend in ETH. BTCS is also offering a one-time $0.35 per share loyalty payment, payable solely in ETH, to shareholders who move their shares to book entry with the Company’s transfer agent and keep them there for at least 120 days, which should reduce the ability of shares to be lent for short-selling purposes. Together, the Bividend and loyalty payment total $0.40 per share in ETH for eligible shareholders. Officers, directors, and employees of the Company, as well as Series V Preferred holders, are not eligible for the $0.35 per share loyalty payment. BTCS intends to pay the $0.05 per share ETH Bividend based on ETH’s price on the record date. Investors who do not elect to receive the ETH Bividend will receive a cash dividend of $0.05 per share.