BTCS more than doubles since announcing bitcoin dividend option

BTCS

12/01/2022 16:08

** Shares of blockchain infrastructure company BTCS Inc
 BTCS.O  jump 22% to $6.61, rising for the fifth session out of
the past six 
    ** Stock has surged nearly 130% in value since last
Wednesday, when it said it would offer an option for dividend
payments in bitcoin  urn:newsml:reuters.com:*:nL4N2TL2Z4
    ** BTCS among most trending tickers on investor-focused site
stocktwits.com, indicating interest from small-time investors
    ** Co was last valued at nearly $59 mln, with 4.25 mln
shares in free float, according to Refinitiv data
    ** Stock ended 65% higher last year at $3.14, but well below
its 2021 peak of $32.40

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))