Ethereum Dividend Payout Sparks BTCS Stock Price Rise
Traders liked the idea эфириум- BTCS treasury company to pay dividends in ETH, announced on August 18.
On September 26, the company will transfer a reward called «Bividend» (Blockchain Dividend) of $0,05 in ETH for each security. In addition, people who register their shares with the transfer agent and hold them until January 26, 2026, will receive another $0,35 in ETH per security. Thus, each security will bring in $0,4.
These payments are intended to reward our long-term investors and allow them to better control their investments by reducing the likelihood of securities falling into the hands of traders who will short them.
BTCS employees are excited about this opportunity to make history as we become the first public company in the world to pay dividends in Ethereum, BTCS representatives wrote.
Stock market participants enthusiastically accepted this plan and began buying up the company’s securities. Therefore, over the past 10 hours, their rate has increased by more than XNUMX%, but this has not eliminated the danger of a bearish trend starting.
BTCS holds 70,000 Ethereums worth $294,4 million at the current rate. On August 14, after reaching a peak of $4,868, the price of the cryptocurrency fell by 12% and continues to decline. Therefore, it becomes obvious that the management of the organization wants to reduce the risk of selling a large number of securities against the backdrop of the falling value of Ethereum with the help of the bonus.
ETH rate decline
