scorecard
  1. Home
  2. stock market
  3. 7 companies whose stocks surged - then slumped - after jumping on the crypto bandwagon

7 companies whose stocks surged - then slumped - after jumping on the crypto bandwagon

Graham Rapier   

7 companies whose stocks surged - then slumped - after jumping on the crypto bandwagon

bitcoin mining supercomputers

Marko Ahtisaari/Flickr

A cryptocurrency mining supercomputer

Bitcoin is in the midst of its worst weekly sell off since 2013, and almost every other major cryptocurrency slumped on Friday.

That's especially bad news for the handful of companies who recently announced a pivot to blockchain or another crypto focus. Their stock prices skyrocketed after announcing their pivots to the red-hot space, but most have settled back down - some even lower than where they were trading ahead of the announcements.

Business Insider rounded up the companies who recently announced pivots to see how much the share prices initially jumped - and where the dust settled after Friday's slump:

EXCLUSIVE FREE REPORT:
The Bitcoin 101 Report by the BI Intelligence Research Team.
Get the Report Now »

READ MORE ARTICLES ON



Popular Right Now



Advertisement