Blockchain firm BTCS soars on retail rush for bitcoin dividends

By Cory Maki Cory Maki has been verified by Muck Rack's editorial team
Published on January 14, 2022
Published by
Reuters

(Reuters) -Shares in blockchain technology-focused firm BTCS Inc rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered to pay dividends in bitcoin. The Silver Spring, Maryland-based company has seen its stock value more than double since Jan. 5, when it proposed to pay $0.05 per share in bitcoin to those who opt for it. Its first bitcoin dividend, or “bividend” as BTCS calls it, is due on March 16. Shares of BTCS climbed 20% to a six-week high of $7.80 in early trading on Thursday as the online buzz over its plan grew…

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By Cory Maki Cory Maki has been verified by Muck Rack's editorial team

Cory Maki is a former Staff Editor and the Business Development Manager at Grit Daily.

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