Crypto Stocks Begin to Soar
A third company listed on the Tel Aviv Stock Exchange (TASE) has now announced a new connection to bitcoin, and in response it has seen the price of its stock skyrocket, this according to bitcoin.com, which has been tracking the new entrants on these stock exchanges.
Solar energy technology company, Apollo Power (TASE: APLP), announced Monday morning it had concluded a “successful test” of mining cryptocurrency with the system it’s developing and that sent its stock soaring 150%.
Bitcoin.com also tracked an apps promotion company that witnessed a similar rise:
Apply Advanced Mobile Technologies Ltd. (TASE:APLY), announced that it will launch a new bitcoin-related marketing platform. Its stock went up 170% immediately and ended the trading day 250% higher. The company only had to say it signed an agreement with an unnamed third party to “develop a platform for marketing, distributing, and referring customers to blockchain and digital currencies’ trading systems and platforms.”
Then there’s Natural Resource Holdings, a precious metals company whose stock price jumped 3,750% earlier this month following an announcement that it had switched to mining cryptocurrencies.
- Aaron Goldstein, Gambling911.com
