Just within the last several weeks the first ever dividend denominated in bitcoin - “bividends” - have been issued and paid out to stockholders of BTCS, Inc.

Dividends, clearly, have long been a part of the financial markets conversation, but have always been paid in either fiat currency or equity shares.

The paying of dividends in the form of bitcoin is noteworthy for several reasons, namely

• it is the first time such an event has happened, and
• it further reinforces the role of bitcoin as an institutional asset class._{___}