The continued growth in the cryptocurrency and blockchain space has resulted in a lot of interest in companies that are involved with it. One such company is HIVE Blockchain Technologies Ltd (OTCMKTS:HVBTF) (CVE:HIVE).
This past Friday, the HIVE stock went on a remarkable run in the final hour of trading and jumped by as much as 25%. There was no news about the company on Friday but it might be a good idea to take a look at development from April 21.
The company announced that it concluded the share swap with DeFi Technologies Inc. By way of this transaction HIVE is going to be awarded 10,000,000 common shares in DeFI and that will make up as much as 5% of the outstanding common shares. In return, HIVE is going to have to award 4000000 shares of its common stock to DeFi. It now remains to be seen if the HIVE stock can maintain its momentum this week.
Finance and Entertainment Reporter
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