BTCS Unveils Ethereum Bividend Amid NAV Discount
Blockchain firm BTCS has unveiled the first-ever Ethereum bividend, a landmark crypto dividend that offers a one-time ETH dividend of $0.05 per share plus a $0.35-per-share loyalty payout in ETH. Eligible shareholders must opt in via bividend.com and transfer shares into book-entry by September 24, 2025, with a record date of September 26. Investors who hold through January 26, 2026, will receive the Ethereum bividend by mid-October 2025 via direct wallet or the transfer agent. The move rewards long-term shareholders and aims to reduce the share float available for short selling. BTCS currently trades at a 0.75× NAV discount versus peers. CEO Charles Allen, the largest shareholder, says the bividend seeks to boost share price without dilution. Traders should monitor BTCS stock and Ethereum market response, as closing the NAV discount depends on execution and investor uptake.
Neutral
By introducing an Ethereum bividend, BTCS underscores growing institutional interest in crypto dividends. In the short term, eligible shareholders may sell their ETH distributions, exerting minor selling pressure on Ethereum. However, the overall volume is limited by BTCS’s market cap, so the impact remains small. In the long term, the move could enhance ETH’s appeal as a corporate dividend medium, supporting demand. Overall, the Ethereum bividend’s scale is insufficient to shift ETH’s market direction, resulting in a neutral impact.