BTCS Inc. shares were up 32% to $4 after the company said it would become the first-ever Nasdaq-listed company to pay its dividend in Bitcoin.
The company said it intends to pay its “Dividend” of five cents a share in Bitcoin, based on the Bitcoin price on the ex-dividend date. Investors who don’t elect to receive Bitcoin will receive a cash dividend of five cents.
BTCS said it has set a record date of March 17 for its quarterly dividend.
BTCS stock has been down 48% over the past three months.