BTCS Proposes Loyalty Payment and Ethereum Dividend Amid Short Selling Concerns, Shares Rise Nearly 9%

  • BTCS shares rose nearly 9% to $4.81 on Monday, reflecting a year-to-date increase of 83.4%.

  • Investors will receive a $0.05 dividend payable in Ethereum in September.

  • BTCS holds 70,000 ETH valued at $303 million, yet trades at a market cap of approximately $215 million.

Discover how BTCS is tackling short selling with innovative shareholder incentives and a strong Ethereum treasury strategy. Join the movement!

What is BTCS’s Loyalty Payment Strategy?

BTCS is implementing a loyalty payment strategy to counteract short selling by offering $0.35 per share to investors who make their shares illiquid. This initiative aims to stabilize the stock price and enhance shareholder confidence.

How Does BTCS Plan to Combat Short Selling?

BTCS CEO Charles Allen explained that the company is encouraging investors to register shares directly with the transfer agent. This method restricts the availability of shares for short selling, which could drive up borrowing costs for those betting against the stock.


Frequently Asked Questions

What is a ‘Bividend’ and how does it work?

A ‘Bividend’ is a dividend paid in Ethereum, with BTCS offering $0.05 per share to shareholders who register their digital wallet addresses.

How can investors participate in BTCS’s loyalty payment?

Investors can participate by filling out a form on BTCS’s website and providing their digital wallet address to receive the loyalty payment and Bividend.

Key Takeaways

  • Strategic Loyalty Payment: BTCS aims to stabilize its stock price by offering a loyalty payment to investors.
  • Ethereum Dividend: Shareholders will receive a $0.05 dividend in Ethereum, enhancing their investment returns.
  • Short Selling Mitigation: By encouraging direct registration of shares, BTCS seeks to limit shares available for short selling.

Conclusion

BTCS is taking proactive measures to enhance shareholder value and combat short selling through its loyalty payment strategy and Ethereum dividends. As the company continues to innovate, it remains committed to strengthening its position in the crypto market.

BTCS Shares Trading

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