BTCS Inc. (NASDAQ:BTCS) shares jumped 10% in Monday’s regular trading after the blockchain technology company announced a blockchain dividend in Ethereum (CRYPTO: ETH), a first for publicly traded companies.
BTCS is facing resistance from sellers. Watch the momentum here.
How To Get Your Dividend In ETH
BTCS announced via X that it will distribute a one-time blockchain dividend, called “Bividend,” of $0.05 per share in ETH to its shareholders on the record date of Sept. 26. In addition, the company will offer a one-time $0.35 per share ETH loyalty payment for investors holding shares at the transfer agent until Jan. 26.
The combined Bividend and loyalty payment amounts to $0.40 per share in ETH for eligible shareholders.
To receive the dividend in ETH, shareholders had to complete an opt-in form, transfer their shares to the transfer agent, and have their ETH wallets validated. Investors who do not do so will receive the dividend in cash and will not be eligible for the …