Ethereum treasury company BTCS Inc. will issue a one-time Ether dividend and a loyalty payment, totaling $0.40 per share in ETH, to reward shareholders and limit “predatory short-selling.”
“These payments are designed to reward our long-term shareholders and empower them to take control of their investment by reducing the ability of their shares to be lent to predatory short-sellers,” the Bitcoin miner-turned Ethereum company said on Monday.
BTCS said it would be the first publicly traded company to issue a dividend in ETH, a move seemingly received well by investors as BTCS shares rose 10.4% on the day.
ETH “Bividend” to be paid in September
The ETH dividend — dubbed the “Bividend” — of $0.05 per share will be paid on Sept. 26, while the $0.35 per share “Loyalty Payment” will be paid in ETH to those holding the shares until Jan. 26, 2026. The loyalty payment will be offered to all shareholders except officers, directors and employees, the company noted.
The former Bitcoin mining company is looking to stand out amid a crowded field of 69 ETH treasury entities competing to amass the largest ETH holdings.
Ether treasury firms have been a key catalyst behind Ether’s price rally from around $1,465 to $4,775 over the past four months.
BTCS eyes top 10 in ETH treasury race
Bitmine Immersion Tech and SharpLink Gaming lead the race, with 1.5 million ETH and 728,800 ETH, respectively, while BTCS is 11th at 70,000 ETH worth over $303 million, StrategicETHReserve data shows.
BTCS has been leveraging decentralized finance — such as borrowing on Aave — and staking since at least 2022, but only started aggressively accumulating ETH over the last few months.
Related: Ether ETFs smash records as crypto products see $3.75B inflows
It has funded purchases through at-the-market equity offerings and issuing convertible notes, similar to strategies adopted by its competitors.
BTCS partially recovers after tumbling from July high
BTCS shares rose 10.4% on the news to $4.87 on Monday, clawing back some lost ground since reaching a 2025 high of $6.57 on July 18, Google Finance data shows.
The Nasdaq-listed firm now has a market cap of $233 million.
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