Miley Cyrus has partnered with Cash App to distribute $1 million in stocks to fans, becoming the first person in history to give away such a high volume of shares en masse in a nearly instantaneous fashion, according to the announcement.
In a post uploaded to Instagram and Twitter this morning, Cyrus wrote, “Nothing is more important than investing in yourself. I want to spread ownership to as many people as I can, so I’m teaming up with @CashApp to give out $1 MILLION in stocks.”
Fans can comment their favorite company alongside their $cashtag (a unique identifier for users of Cash App) for a chance to win publicly traded stocks. Winners will be selected randomly and will receive fractional stocks of publicly traded companies through Cash App.
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