HIVE Blockchain (HVBTF) Consolidates After The Recent Bullish Move

In recent months, the blockchain and crypto spaces have attracted a lot of attention from investors, and considering the rally in cryptocurrencies, it is easy to see why.

In such a situation, investors could consider taking a closer look at HIVE Blockchain Technologies (OTCMKTS: HVBTF), which has seen its stock record gains of as big as 70% this year so far. Last week, it emerged that the company signed a share swap agreement with DeFi Technologies.

According to the terms of this agreement, HIVE is going to get 10 million shares in DeFi, and on the other hand, DeFi will be handed over 4 million shares of HIVE. The transaction in question is expected to be completed on April 16. In the meantime, it now remains to be seen if the announcement of this share swap agreement leads to an increased interest in the HIVE Blockchain stock. Investors might consider keeping an eye on the stock this week.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.