BTCS Teams with Equity Stock Transfer to Distribute Ethereum-Based Dividend

BTCS Inc. (NASDAQ: BTCS), a Nasdaq-listed company, and Equity Stock Transfer (EST) have launched an innovative blockchain dividend, termed "Bividend," payable in Ethereum (ETH). This marks the first Ethereum-based dividend and loyalty payment in the financial market, showcasing the convergence of blockchain technology with traditional finance.

Building on their 2022 success, where BTCS issued the first Bitcoin Bividend, EST provided the secure framework enabling this groundbreaking initiative. The Ethereum-based Bividend aims to offer shareholders a unique way to receive dividends while promoting blockchain adoption in the financial sector. Eligible shareholders can opt to receive $0.05 per share in ETH or a cash dividend of the same amount.

BTCS Inc., headquartered in the United States, focuses on blockchain infrastructure and digital asset solutions. With its recent announcement, the company continues to push boundaries in integrating blockchain technology into shareholder value creation. EST, a transfer agent specializing in compliant and secure frameworks for digital assets, played a pivotal role in facilitating the Bitcoin Bividend and now the Ethereum Bividend.

The initiative has sparked interest in the financial world, with shares of BTCS (NASDAQ: BTCS) surging 10% in premarket trading following the announcement. This move aligns with BTCS's broader strategy to expand its Ethereum holdings, aiming to raise $100 million in 2025 for strategic acquisitions. The collaboration between BTCS and EST highlights the growing acceptance of blockchain dividends, setting a precedent for other companies to explore similar ventures.