BTCS’s Ethereum Dividend: Shareholders Beware!

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Oh, what a marvel! BTCS shall be the first public company to bestow dividends in cryptocurrency, a feat as rare as a unicorn in a stockbroker’s office. 🦄💸

  • BTSC, that paragon of innovation, shall bestow dividends in ETH, the currency of the future (or so they say). 🤡
  • The company shall also dangle loyalty payments to those who cling to their shares like a toddler to a teddy bear. 🧸
  • The company’s grand plan? To dissuade short sellers and inflate its share price-because nothing says “trust us” like a bit of financial jujitsu. 🥋

Crypto and institutional finance, once as distant as the moon and a toaster, now dance together. On Monday, August 18, BTSC declared a $0.05 per share dividend in Ethereum. A first in the annals of public companies, though one might question if it’s a triumph or a trick. 🕵️‍♂️

Beyond the dividend, the company offers a one-time loyalty payment of $0.35 per share. A sweet incentive for shareholders who relocate their shares to the transfer agent and hold them like a toddler holds a toy-between September 26, 2025, and January 26, 2026. To prioritize retail investors, the company excludes executives and employees, because nothing says “fairness” like letting the little people feast while the elite watch. 🍽️

BTCS currently trades at $4.41 per share, making the combined $0.40 dividend and loyalty payment a notable return for those brave enough to participate. The company claims this initiative is designed to attract new investors while rewarding those who stay long-though one might argue it’s more of a gamble than a reward. 🎲

BTCS hopes to discourage short sellers

Beyond shareholder incentives, the move also aims to deter short sellers. Shares moved to the transfer agent cannot be lent out, which limits the pool of stock available for shorting-akin to locking the stable door after the horse has bolted. 🐴🚪

“The Loyalty Payment is designed to reward long-term shareholders who have supported our vision and aims to limit market manipulation through predatory short-selling,” the BTCS statement wrote. A noble aim, indeed, to reward the faithful and thwart the vultures of the market. 🦅💸

BTCS also stressed that at the time the board approved its dividends, shares were trading below its net asset value per share, or the combined value of its cash and crypto. The company’s current valuation is $211 million, while it holds 70,140 ETH, worth more than $300 million. The dividend and the loyalty payments are supposed to realign the stock with its assets-though one might wonder if it’s a mirage or a miracle. 🌀

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2025-08-18 16:03