BTCS Gains 7% on ETH Dividend, Reward to Discourage Short Selling

BTCs Inc. (BTCS)A strategy strategy of Nashaq-listing on fire on Ethereum, distributes a forehead equipment (Eth) Dividend to the shareholders, the company said Monday.

The one-time payment, doubt “Bivering,” amount to $ 0.05 per part and may be received either in Eth or money, the company said in a release. Eligible Departers must option in September 26, Registration Date for payment.

Btcs is also offered a $ 0.35 to share “failure payment” in the shareholders that transfer their possibility in the entrance of the book and keep up to 2626.

With this step, the steady even limps the short, faced investors to be taken for the short selling is a bet on the price that falls around the sales and subsequence of the borrowed stock.

“To approach the AREEN LIES HELD TO OUR TRANSFERING AGREEMENT, BLOCK BACKS, we’ll cut a strong, CEO Charles Allen has said in a X POST. “Short sellers are diluted gave. Our loyalty program.”

Reported a disconnect between the company’s balance value at about $ 6.65 for the cash and digital assets toward the stock market price.

Btcs rose 7% in the first few hours of the session to $ 4.71, while other treasure treasure companies as a bitcines (Bmnr) and sharkplink (Sta) declined.

BTC have corrected to a Strategy of Ether Ether in Jew in 2021, well before the recent wave appeared on the market. Is held more than 70,000 ET of August 12, according to the The site of firmnow it is worth about $ 300 million.

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