BTCS, an ether treasury company, has introduced a unique blockchain dividend, the ‘bividend’, consisting of a $0.05 per-share payout in ETH and a $0.35 ETH loyalty payment for shareholders who transfer shares to a book-entry format and retain them until January 26, 2026. This initiative comes as BTCS shares trade significantly below their asset value, with a share price of $4.41 compared to $6.65 in cash and digital assets. The move targets improving shareholder alignment and deterring short sellers. Investors must opt-in at bividend.com and transfer their shares to qualify for the ETH distribution; otherwise, they will receive the cash alternative. The record date for this dividend is set for September 26, 2025. The effectiveness of this strategy in closing the valuation gap remains uncertain, particularly as BTCS stock has seen a notable decline of approximately 40% over the past month while ETH has increased by 20%.

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