Crypto Company BTCS soared 67% after announcing its first Bitcoin dividend

Crypto company, BTCS has seen a surge of 67% after it announced that the company will pay dividends in bitcoin to the shareholders. With this, BTCS becomes the first Nasdaq listed company to pay a bitcoin dividend. The company is calling it “bevidend.”

The company is making this move in order to promote the adoption of cryptocurrencies, build its shareholder base, and reward shareholders. It has also announced that the investors who want to receive the dividend in bitcoin must opt for a transfer agent. The investors should move their shares to the transfer agent with a valid bitcoin wallet address to receive the dividend.

Those who do not adapt to the current measures and follow the necessary steps will receive the dividend in cash. The company has been planning for the dividend crypto payout for years as it bought the domain name, bevidend.com in February of 2015.