RTTNews | Jan 5, 2022 10:45AM EST

10:39 Wednesday, January 5, 2022 (RTTNews.com) - Shares of blockchain technology-focused company, BTCS Inc. (BTCS) are spiking more than 50% Wednesday morning after announcing dividend payable in Bitcoin.

This is the first-ever dividend payable in Bitcoin by a Nasdaq-listed company, which BTCS refers to as a Bividend.

The company plans to pay $0.05 per share in Bitcoin, based on the Bitcoin price on the ex-dividend date.

Shareholders who do not wish to receive Bividend can opt for cash dividend of $0.05 per share, the company said.

BTCS is at $4.59 currently. It has traded in the range of $1.95- $32.40 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3252978/btcs-surges-after-announcing-dividend-payment-in-bitcoin.aspx)

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