Biotechs Turn to Digital Coins, Crypto to Boost Stock Prices
16 days ago
- #cryptocurrency
- #stock-market
- #biotech
- Some small biotech companies are turning to cryptocurrencies to boost their stock prices.
- 180 Life Sciences Corp. (now ETHZilla) saw its shares triple after announcing $350M in Ether holdings, but gains were later erased.
- Sonnet BioTherapeutics surged 243% in one day on plans to become a public crypto treasury.
- MEI Pharma initially doubled in value after announcing plans to fund a Litecoin treasury.