Btcs Inc. (Btcs)A Crypto-Classied Strategy Company of Nasdaq focused on Ethereum, will distribute a leading ether (Eth) Dividend to shareholders, the company announced on Monday.
Single payment, nicknamed “bividend”, amounts to $ 0.05 per share and can be received in ETH or in cash, the company said in a press release. Eligible shareholders must oppose before September 26, the date of payment of payment.
BTCS also offers a “loyalty payment” of $ 0.35 per share in ETH to shareholders who transfer their assets in the entrance to the book with the company’s transfer agent and maintain them until January 26, 2026.
With this stage, the company aims to reward long -term investors and to discourage the uncovered sale, which makes it more difficult for actions to borrow for uncovered sales, said the company. An uncovered sale is a bet on the drop in the course of the action and revolves around the sale and subsequent redemption of the shares borrowed.
“By rewarding the shareholders who hold our transfer agent, we block predators open sellers, reduce manipulation and build a stronger basis,” said CEO Charles Allen in a post X. “The open sellers bet that we will dilute. Our response program.”
He highlighted an disconnection between the value of the company’s assessment of around $ 6.65 per cash share and digital active ingredients compared to the price of the share market of the action of less than $ 5.
BTCs increased by 7% in the first hours of the session to $ 4.71, while other digital assets cash companies like Bitmin (BMNR) and Sharplink (Sbet) denied.
The BTCs pivoted towards a digital asset strategy focused on ether in 2021, long before the recent wave of companies appeared on the market. It held more than 70,000 ETH in August 12, according to the company’s website, worth around $ 300 million.
Read more: Bitmin Immersion’s Ether Holdings Top 6.6 billion dollars, stock scholarships 7% alongside ETH
