"BTCS intends to pay $0.05 per share in Bitcoin, based on the Bitcoin price on the ex-dividend date. Investors who do not elect to receive the Bividend in Bitcoin will receive a cash dividend of $0.05.", insofar that its value per share jumped to $5.05 on Wednesday, a three-week high. However, the stock price later fell by more than 13.50% amid profit-taking sentiment but overall closed the day in profits.BTCS dropped by another 8% to $4.
That included Ivory Johnson, founder of Delancey Wealth Management. The chartered financial consultant recommended that investors buy Bitcoin directly if they want to buy it instead of seeking its exposure via BTCS.told CNBCDouglas Boneparth, president of Bone Fide Wealth, called Bividend a"really neat bridge" for institutional investors who want to own Bitcoin.
Currently, BTCS is trading nearly 85% lower than its all-time high of $32.40, established earlier in Jan. 2021. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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