Cryptocurrency Companies See Dramatic Spikes in Share Price

Numerous companies involved in the cryptocurrency industries have seen dramatic increases in share price following the spectacular performances of bitcoin and many other cryptocurrencies during 2017.

Also Read: After SEC Snub, Vaneck Re-Enters Crypto Markets with First Major Indices

Bitcoin Group’s Has Seen Its Share Price Increase by Approximately 1060% Since January This Year

Cryptocurrency Companies See Dramatic Spikes in Share PriceBitcoin Group was founded in 2014 and began as a mining company, however, expanded its operations after rebranding to Blockchain Global Limited in 2016. In addition to mining, the company now provides consulting and startup incubation services to companies in the blockchain and cryptocurrency sectors.

In July, Blockchain Global made a $4.35 million AUD investment into blockchain firm Digital X, including a payment of $300,000 AUD worth of bitcoin. The remaining $4.05 million AUD comprised $550,00 AUD in convertible notes and $3.8 million AUD in shares – seeing Blockchain Global own a 40 percent stake in the company. After the announcement, Digital X’s price moved by 74% at the close of trading. In 2014, DigitalX became Australia’s first listed bitcoin company following the reverse takeover of Macro Energy, however, in 2016, the original founder of Macro Energy was indicted for fraud, resulting in a significant loss in share price at the time.

Many Companies Involved in the Cryptocurrency Industries Have Seen Recent Booms in Share Price

Cryptocurrency Companies See Dramatic Spikes in Share PriceHive Blockchain Technologies Ltd, a Canadian company that mines Ethereum, has seen year to date gains of 4089% as of this Read More Here