BTCS Rewards Shareholders with ETH Dividend to Combat Short-Sellers

Blockchain asset management firm BTCS Inc. will distribute a one-time Ether dividend payment, totaling $0.40 per share in ETH, to reward shareholders and limit the impact of short-selling activities. This strategic move aims to empower long-term investors by reducing the flexibility of their shares for opportunistic lending by short sellers. BTCS marks the first publicly traded company to issue an ETH dividend as a measure to bolster shareholder engagement and ownership.