The recent price surge for Bitcoin is waking up investors around the globe, including Wallstreet. Aside from investors, publicly traded companies are also shifting their resources into Blockchain and cryptocurrency technologies.
Apollo Global Management, Stock Symbol: APO
Apollo Global Management (NYSE: APO) is an American public equity firm that specializes in leveraged buyout transactions. On March of 2017, Apollo (NYSE: APO) acquired Outerwall Inc, the parent company of Coinstar.
Coinstar operates kiosk machines which convert coins into cash, and the company is also experimenting with Bitcoin ATM services. On Wednesday Coinstar announced that they are expanding the Bitcoin (BTC) purchasing option into more than 2,000 Coinstar kiosk locations.
Social Detention Inc, Stock Symbol: SODE
Social Detention Inc (SODE) is a California based company engaged in infrastructure, security, and Blockchain technology. The company recently announced that they executed a memorandum of understanding to acquire Bitplaza Inc.
Bitplaza is a Bitcoin-dedicated shopping platform, available on the Apple App Store and Google Play. The app allows its users to spend Bitcoin for everyday items, and offers international shipping. The acquisition allows Social Detention Inc (SODE) to benefit immediately, as the mobile application is already launched and generating revenue.
Eastman Kodak Co, Stock Symbol: KODK
Eastman Kodak Company (NYSE: KODK) is a technology company focused in photography, widely known for their Kodak cameras before the age of smartphones. The company entered the cryptocurrency industry last year with its KODAKOne blockchain project, formerly known as KodakCoin.
Although the company received a lot of criticism at first, the project has made some progress during the past 12 months. Earlier this year, Cam Chell, the co-founder of KODAKOne revealed that the project generated over $1 million USD in licensing claims for photographic rights during the…