Business Begins Bitcoin Bividend
Also Medallion Financial and the New Jersey Jets.
Oh I think you’re going to see more of this:
Sure. BTCS is a somewhat unloved micro-cap company; yesterday it closed at $3.03 per share for a market cap of about $31 million, on volume of about 94,000 shares. As of 11 a.m. today it had traded 18.9 million shares and was up 52% to $4.61. I have often argued in this column that if you are a small public company you should talk a lot about crypto and memes and stuff to increase shareholder value. BTCS is a crypto company anyway, but you can always talk more about crypto. A bividend is a terrible name but an obviously good meme-y crypto stunt to increase attention. BTCS will pay about $500,000 in bividends, which bought it about $15 million of market cap. Just a good trade!