Long Blockchain Sells 1.6 Million Shares, Will Buy 1,000 Bitcoin Mining Machines

by Tyler Durden
ZeroHedge.com
Fri, 01/05/2018

The “blockchain” farce is now complete.

Just two weeks after the company formerly known as Long Island Iced Tea changed its name to Long Blockchain to capitalize on the all things Blockchain related euphoria, sending its stock higher by 500%…

… it is now time to cash out, and on Friday morning, Long Blockchain announced it was cashing out partially thanks to the recent insanity, and is offering 1.6 million shares at $5.25/Share, hoping to raise $8.4 million. As a reminder, shares cost $2.44 before the name change.

The Rest…HERE

This entry was posted on Friday, January 5th, 2018 at 12:16 pm and is filed under Economics, Technology. You can follow any responses to this entry through the RSS 2.0 feed.