Ethereum treasury firm BTCS Inc. will issue a one-time Ether dividend payment and a loyalty payment, totaling $0.40 per share in ETH, to reward shareholders and limit “predatory short-selling.”
“These payments are designed to reward our long-term shareholders and empower them to take control of their investment by reducing the ability of their shares to be lent to predatory short-sellers,” the Bitcoin mining-turned Ethereum firm said on Monday.
BTCS says it would be the first publicly traded company to issue a dividend in ETH — a move seemingly received well by investors as BTCS shares rose 10.4% on the day.
The ETH dividend — dubbed the “Bividend” — of $0.05 per share will be paid on Sept. 26, while the $0.35 per share “Loyalty Payment” will be paid in ETH to those holding the shares until Jan. 26, 2026. The loyalty payment will be offered to all shareholders except officers, directors and employees, the company noted.
The former Bitcoin mining firm is looking to stand out amid a crowded field of 69
ETH$4,264treasury entities competing to amass the largestETH holdings.
Ether treasury firms have been a key catalyst behind Ether’s price rally from around $1,465 to $4,775 over the past four months.
Bitmine Immersion Tech and SharpLink Gaming lead the race, with 1.5 million ETH and 728,800 ETH, respectively, while BTCS sits 11th at 70,000 ETH worth over $303 million, StrategicETHReserve data shows.
BTCS has been leveraging decentralized finance — such as borrowing on Aave — and staking since at least 2022, but only started aggressively accumulating ETH over the last few months.