In a first, cryptocurrency company BTCS announced that it will pay dividends in bitcoin on January 5, 2022. Dividends are 5-cents per share and shareholders get it when they choose to opt-in. The company hopes that more people will adopt cryptocurrencies and thereby expand its shareholder base. With this announcement, the company’s value soared by 67%.
Shareholders have to opt in by using the services of the company’s transfer agent and provide a valid wallet address so that the “dividend” is transferred directly. Shareholders who choose not to do so will receive this money in cash. BTCS is a blockchain company with a focus on technology.
Information about the company, its successes and future plans can be found on the company’s website – www.btcs.com. The company hopes to use market dynamics and drive its growth in 2022.
Since its founding in 2014, BTCS has focused its commitment to developing the needed infrastructure to support blockchain technology. As part of this journey, BTCS is focused on broadening the adoption of cryptocurrency and related technology.
The company has set the dividend payment date for March 17, 2022, to ensure that those who want to opt in have enough time to do so. BTCS has developed a data analytics platform that offers support to six exchanges and digital assets numbering 800. The company’s proprietary platform and its asset treasury strategy are key components of its business model.