Blockchain Company to Pay Investors Dividend in Bitcoin
Dividends are one of the most attractive features of the stock market, giving investors an opportunity to generate income on top of any capital gains.
The cryptocurrency industry has figured out a way to reward market participants with passive income opportunities too, which mostly takes the form of decentralized finance (DeFi).
Now the two worlds of dividends and crypto are colliding as one publicly listed company has announced plans to pay shareholders a dividend in bitcoin.
BTCS, a blockchain infrastructure company, is already a pioneer in the crypto industry after listing shares on the Nasdaq in September 2021. Now BTCS and CEO Charles Allen are becoming a first-mover as the maiden company to pay a “bividend” —a dividend distributed to shareholders in leading cryptocurrency bitcoin (BTC).
BTCS Stock Soar
Shares of BTCS have soared 40% on the day so far as investors have piled into the stock to capture their share of the bitcoin windfall.
Another trend was set into motion by Michael Saylor, CEO of enterprise software company MicroStrategy. Saylor's company has been routinely adding bitcoin to the balance sheet since 2020 to escape inflation and generate returns.
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