Shareholders can opt for a $0.05 per share in ETH or cash dividend plus a $0.35 reward for moving shares to book entry for at least 120 days.
The company holds more than 70,000 ether valued at roughly $265 million.
The Nasdaq-listed firm has been a pioneer of the crypto treasury strategy focusing on the native token of the Ethereum blockchain since 2021, well before the recent newcomers.
The company said it is strengthening its validator operations and staking revenue by accumulating Ethereum.
The blockchain infrastructure firm described ETH as a 'foundational' crypto asset and a core part of its revenue generation strategy.
Yahoo Finance has recently been criticized for allegedly excluding press releases from crypto companies. The controversy came to light when BTCS Inc. (Nasdaq: BTCS), a blockchain technology-focused company, discovered that its press releases were not appearing on Yahoo Finance despite being distributed through major wire services. Other crypto-focused companies, including Marathon Digital Holdings, Riot Platforms, […]
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