Blockchain treasury firm BTCS Inc. announced plans to distribute a one-time Ether dividend and loyalty payment to shareholders, dubbed the “Bividend.”
Shareholders of record will receive $0.05 per share in ETH on Sept. 26, while the $0.35 per share loyalty payment will be paid to holders until Jan. 26, 2026.
The dividend structure is designed to reward long-term investors and reduce “predatory short-selling” by limiting stock lending opportunities.
BTCS noted that the initiative makes it the first publicly traded company to pay a dividend in Ether.
The announcement followed a 10.4% gain in BTCS shares on the news, reflecting positive investor sentiment.
BTCS currently holds 70,000 ETH, ranking it eleventh among 69 Ethereum treasury entities competing to amass the largest ETH reserves.
Competitors Bitmine Immersion Tech and SharpLink Gaming lead the race with 1.5 million and 728,800 ETH, respectively.
BTCS has funded ETH purchases through at-the-market equity offerings and convertible notes since 2022, accelerating accumulation amid the recent market downturn.
The company’s ETH holdings have contributed to a broader Ether price rally from $1,465 to $4,775 over the past four months.
Investors and analysts will observe whether the Bividend model prompts other treasury firms to explore token-based shareholder rewards.
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