BTCS announces the first ever Ethereum dividend program: shareholders can directly receive ETH
BTCS announced the distribution of the first dividend payable in Ethereum, along with an additional 120-day Lock-up Position loyalty rewards, aimed at stabilizing stock prices and showcasing its ETH strategy, setting a precedent for crypto dividends. (Background: Ethereum reserve companies and various ETFs have accumulated more than 10 million ETH, accounting for 8.4% of the total supply.) (Context: Why did Standard Chartered predict Ethereum at $7,500 by the end of 2025 and $25,000 by 2028?) American blockchain company BTCS announced yesterday (21st) that following its Bitcoin dividend distribution in 2022, it will, for the first time, issue dividends in Ethereum (ETH) through its "Bividend" program. The company will distribute a one-time dividend of $0.05 per share to eligible shareholders, who can choose between ETH or cash; at the same time, an additional $0.35 loyalty reward per share will be granted, which can only be claimed.