A dividend can change an $MSFTB position without creating a single incoming token transfer.
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That makes transfer history the wrong audit trail.
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Microsoft currently pays a quarterly dividend of $0.91 per share. Under the bStocks framework, cash is not sent to the holder. The issuer generally reinvests the net dividend and updates the Multiplier. The contract's raw token balance stays fixed; Binance and integrated BNB Chain explorers display raw balance × Multiplier.
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At Binance's current 30% US withholding rate, $0.91 becomes $0.637 before other applicable fees, costs or deductions. The exact balance increase also depends on the reinvestment price.
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If I were reconciling the position, I would not begin with transfers. I would check whether it was held before the ex-dividend date, whether the Multiplier changed, and whether displayed units equal raw units × Multiplier. A purchase on or after the ex-date misses that cycle.
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For self-custody, "on-chain" does not mean one number tells the whole story. With bStocks, the Multiplier is part of the accounting.
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Sources: Microsoft Investor Relations; Binance bStocks FAQ.
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@BinanceCIS $MSFTB #bStocksCIS
⠀
That makes transfer history the wrong audit trail.
⠀
Microsoft currently pays a quarterly dividend of $0.91 per share. Under the bStocks framework, cash is not sent to the holder. The issuer generally reinvests the net dividend and updates the Multiplier. The contract's raw token balance stays fixed; Binance and integrated BNB Chain explorers display raw balance × Multiplier.
⠀
At Binance's current 30% US withholding rate, $0.91 becomes $0.637 before other applicable fees, costs or deductions. The exact balance increase also depends on the reinvestment price.
⠀
If I were reconciling the position, I would not begin with transfers. I would check whether it was held before the ex-dividend date, whether the Multiplier changed, and whether displayed units equal raw units × Multiplier. A purchase on or after the ex-date misses that cycle.
⠀
For self-custody, "on-chain" does not mean one number tells the whole story. With bStocks, the Multiplier is part of the accounting.
⠀
Sources: Microsoft Investor Relations; Binance bStocks FAQ.
⠀
@BinanceCIS $MSFTB #bStocksCIS