It seems that public companies have found investors have found a new way of attracting their shares, which means they are rapidly part of the Bitcoin market.
Crypto Stocks?
The third listed company in Tel Aviv Stock Exchange (TASE) has announced a new connection for bitcoin, and in response, the price of its shares has increased. It comes despite the best efforts of the Israeli regulator to stop companies related to Bitcoin affected by TASE trading.
This morning, Apollo Power (TASE: APLP), a company specializing in solar energy technologies, announced that it has completed the "successful test" of cryptocourrency with the system under development.
By using a negligible quantity of ether for a few hours with solar energy, the company could increase its market value by 150% at the beginning of the session. The CEO was also bold to say that the technology will revolutionize the electricity market compared to bitcoin.
Tomorrow, apply an application promotion company, Advanced Mobile Technologies Limited.(TASE: Epilepsy) announced the launch of a new Bitcoin related marketing platform. His stock jumped 170% and business day ended more than 250%. The company had to say only that it had signed an agreement with an anonymous third party, in which "a platform for marketing, distribution and block block trading platforms and systems was developed for the channel." Digital currencies "
The regional trend was supported by natural resource holdings, a precious metals company, whose stock price jumped 3,750% at the beginning of the month after announcement of change for cryptocouncing mining.
source https://news.bitcoin.com/more-firms-entering-the-bitcoin-market-see-stocks-soar/