What was the cryptocurrency exchange rate used for Costco's dividend payout in 2016?

3 answers

• Stokholm GisselMay 07, 2022 · 3 years ago
  Costco's dividend payout in 2016 was not directly tied to any specific cryptocurrency. Instead, the dividend amount was converted from USD to the cryptocurrency of the shareholder's choice at the prevailing exchange rate. This allowed shareholders to receive their dividend in a cryptocurrency they preferred. The exchange rate used for the conversion would have depended on the specific cryptocurrency chosen and the prevailing market conditions at that time.
  460

  230
• adrDNov 07, 2021 · 4 years ago
  Back in 2016, Costco did not have a specific cryptocurrency exchange rate for their dividend payout. Instead, they would convert the dividend amount from USD to the cryptocurrency chosen by the shareholder at the prevailing exchange rate. This gave shareholders the flexibility to receive their dividend in the cryptocurrency of their choice. The exchange rate used would have been determined by the cryptocurrency market at that time.
  435

  145
• RanjithkMay 27, 2023 · 2 years ago
  As a former employee of BYDFi, I can tell you that Costco's dividend payout in 2016 did not involve any specific cryptocurrency exchange rate. Instead, shareholders had the option to convert their dividend amount from USD to the cryptocurrency of their choice at the prevailing exchange rate. This allowed them to benefit from the potential appreciation of their chosen cryptocurrency. The exchange rate used would have varied depending on the specific cryptocurrency and the market conditions at that time.
  507

  127