Blockchain firm BTCS soars on retail rush for bitcoin dividends

Technology
Thursday, 13 Jan 2022
10:42 PM MYT

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FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su

(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.

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HSI-PWHC	0.105	0.105	0.090	0.095	-0.005	-5.00	1,881,695
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HSI-CWEZ	0.085	0.095	0.085	0.085	-0.015	-15.00	601,831
HSI-PWHT	0.090	0.090	0.080	0.080	-0.010	-11.11	601,375
TANCO	0.930	0.940	0.925	0.930	0.000	0.00	440,293
RL	0.220	0.230	0.195	0.205	-0.020	-8.89	379,674
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MYEG	0.935	0.945	0.930	0.940	0.005	0.53	326,017
TWL	0.030	0.030	0.025	0.030	0.005	20.00	322,804
ECOSHOP-CJ	0.095	0.100	0.095	0.095	0.000	0.00	294,024

Blockchain firm BTCS soars on retail rush for bitcoin dividends