Like many companies hitching their fortunes to bitcoin and blockchain technology, UBI Blockchain
With hardly a year of operations under its belt and scant results to show for it, UBI Blockchain Internet is riding buzzwords to a stock boom.
It’s become one of the most valuable publicly traded companies in the bitcoin universe – second only to LongFin Corp. The stock surged almost 1,000% this year, valuing UBI Blockchain at US$1.2bil (RM4.89bil). Now, the Hong Kong-based company has registered to sell an additional 72.3 million shares owned by executives including chief executive officer Tony Liu, regulatory filings show.
