Summary
- The Nasdaq-listed company BTCS announced its plan to pay dividends in Ethereum (ETH).
- Shareholders will receive ETH equivalent to $0.05 per share by default and up to $0.40 if certain conditions are met.
- This is the world's first Ethereum dividend case, drawing attention to how listed companies may utilize crypto assets in the future.
BTCS, a Nasdaq-listed company, plans to pay dividends in Ethereum.
On the 18th (local time), BTCS announced through X (formerly Twitter), "We plan to distribute dividends to shareholders in Ethereum," and added, "This will be a one-time payment, and shareholders will receive ETH equivalent to $0.05 per share as a dividend." In addition, BTCS will convert its equity to a book-entry system, and shareholders holding shares by January 26 of next year will receive an additional ETH equivalent to $0.35.
BTCS stated, "Qualified shareholders will receive up to $0.40 worth of Ethereum per share", and continued, "We are pleased to become the world's first listed company to pay dividends in Ethereum."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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