BTCS Inc., an Ethereum treasury company, will issue a one-time Ethereum dividend payment and loyalty payment, totaling $0.40 of ETH per share, to reward shareholders and limit "predatory short selling."
"These payments are designed to reward our long-term shareholders and empower them to control their investments by reducing the ability of their shares to be lent to predatory short sellers," the company, which has shifted from Bitcoin mining to Ethereum, stated on Monday.
BTCS claims it will be the first publicly traded company to issue ETH dividends—this initiative seems to be welcomed by investors, as BTCS's stock price rose 10.4% on the same day.
The ETH dividend—referred to as "Bividend"—will pay $0.05 per share on September 26, while the $0.35 per share "loyalty payment" will be paid in ETH to shareholders holding shares until January 26, 2026. The company noted that the loyalty payment will be offered to all shareholders except executives, directors, and employees.
The former Bitcoin mining company aims to stand out in the crowded field of 69 ETH treasury entities competing to accumulate the largest ETH holdings.
Ethereum treasury companies have been key catalysts for the price of Ethereum, which has risen from about $1,465 to $4,775 over the past four months.
Data from StrategicETHReserve shows that Bitmine Immersion Tech and SharpLink Gaming lead the pack, holding 1.5 million ETH and 728,800 ETH, respectively, while BTCS ranks 11th with 70,000 ETH, valued at over $303 million.
BTCS has been leveraging decentralized finance—such as lending on Aave—and staking since 2022, but only began actively accumulating ETH in the past few months.
It has funded purchases through market equity issuance and convertible bond offerings, similar to strategies adopted by competitors.
As a result of this news, BTCS's stock price rose 10.4% to $4.87 on Monday, recovering some ground since reaching a 2025 high of $6.57 on July 18, according to Google Finance data.
The Nasdaq-listed company currently has a market capitalization of $233 million.
Related: S&P Dow Jones Indices is in talks to introduce tokenized indices to exchanges and DeFi.
Original article: “BTCS Inc to Issue Ethereum (ETH) Dividends and Loyalty Rewards to Block ‘Predatory Short Sellers’”
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