Nasdaq-listed firm announces $0.40 per share Ether payout, boosting stock 10%
BTCS Inc., a former Bitcoin mining firm turned Ethereum-focused treasury company, has announced it will become the first publicly traded company to issue a dividend in Ether (ETH). The move is aimed at both rewarding long-term shareholders and deterring predatory short-sellers.
ETH Dividend and Loyalty Program
The firm revealed plans for a two-part payout, totaling $0.40 per share in ETH. The first distribution, branded the âBividendâ, will deliver $0.05 per share in ETH on September 26, 2025.
A second âLoyalty Paymentâ of $0.35 per share will follow on January 26, 2026, but only for shareholders who hold their positions until that date. This loyalty reward excludes officers, directors, and employees, ensuring that only external investors benefit.
âThese payments are designed to reward our long-term shareholders and reduce the ability of their shares to be lent to predatory short-sellers,â the company said in its announcement.
Market Response and Strategic Position
The announcement sent BTCS shares up 10.4% to $4.87, partially recovering from a decline since the companyâs 2025 peak of $6.57 in July. With a market capitalization of $233 million, BTCS is actively competing in the expanding Ethereum treasury sector.
Currently holding 70,000 ETH worth over $303 million, BTCS ranks 11th among global ETH treasuries, according to StrategicETHReserve data. Leading the pack are Bitmine Immersion Tech (1.5 million ETH) and SharpLink Gaming (728,800 ETH).
Ethereum Treasury Race
The loyalty-focused dividend underscores BTCSâs ambition to climb into the top 10 Ethereum treasuries. The firm has been aggressively accumulating ETH through at-the-market equity offerings and convertible notes, while also leveraging DeFi strategies such as Aave lending and ETH staking.
Treasury accumulation has been a key driver behind Etherâs surge from $1,465 to $4,775 over the past four months, with corporate players increasingly competing for holdings.
By paying dividends in ETH instead of cash, BTCS is not only aligning itself more closely with its Ethereum-first identity but also sending a signal to investors about its long-term confidence in the asset.
If successful, BTCSâs âBividendâ could set a precedent for other public firms looking to combine shareholder incentives with blockchain-native payments.
Disclaimer
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