Bitcoin Treasury Capital Pioneers Europe's First BTC-Backed Dividend

Bitcoin Treasury Capital AB is set to make history as the first European company to pay a dividend backed by Bitcoin. On August 19, the Stockholm-based firm will distribute SEK 1.00 per share to holders of its BTC PREF security, marking the inaugural payment under a fixed 10% annual dividend structure.

The preferred shares, trading on Sweden's Spotlight Stock Market under the ticker BTC PREF, allow investors to receive predictable monthly payouts while avoiding direct exposure to Bitcoin's volatility. The company uses proceeds from the preferred share issuance to accumulate more Bitcoin for its treasury.

BTC AB currently holds approximately 172-174 BTC and operates debt-free after repaying all outstanding loans. Its latest Bitcoin purchase was made at around $64,435 per coin on August 5. Eligible investors can purchase the preferred shares through major Nordic brokerages such as Avanza and Nordnet.

The company's approach diverges from US-based MicroStrategy, which popularized the corporate Bitcoin treasury strategy by issuing convertible notes or taking on debt to fund purchases. BTC AB has built a clean balance sheet with zero leverage using its preferred stock mechanism to raise capital for Bitcoin acquisition while maintaining a tidy capital structure.