BTCS jumps on plans to pay dividend in bitcoin

BTCS

05/01/2022 15:30

** Shares of blockchain infrastructure co  BTCS.O  up 32% at
$4, marking their biggest pct gain in over five months
    ** Stock is one of the top pct gainers on the Nasdaq
    ** Co says https://www.sec.gov/Archives/edgar/data/0001436229/000149315222000396/ex99-1.htm
 it will pay a dividend of 5 cents/share in bitcoin to investors
who choose to opt for it
    ** Investors who do not wish to receive dividend in bitcoin
will be eligible for a cash payment, BTCS adds
    ** Dividend will be payable in March; co says it is
"evaluating the appropriateness" of this method for future
payments
    ** Stock gained 65% in 2021

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))