BREAKING: BTCS Makes History with World’s First Ethereum Dividend Payout to Shareholders
Wall Street meets Web3 in a landmark move.
BTCS just rewrote the corporate playbook—issuing dividends not in cash or stock, but in Ethereum. Forget treasury bonds; shareholders are getting straight crypto.
Why this matters:
- First-mover advantage in crypto-native corporate finance
- Sets precedent for blockchain-based shareholder rewards
- Forces traditional finance to confront asset digitization
The kicker? While legacy banks debate 'blockchain pilots,' BTCS just executed the ultimate proof-of-concept—with actual ETH hitting wallets. (Take notes, Jamie Dimon.)
One cynical footnote: At least these dividends won't get diluted by another stock split.
BTCS hopes to discourage short sellers
Beyond shareholder incentives, the move also aims to deter short sellers. Shares that are moved to the transfer agent cannot be lent out, which limits the pool of stock available for shorting.
“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.
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.
