Athena Bitcoin Shares Jump 340% after El Salvador Law Enters into Force

Key facts

:

  • It is confirmed that the company is part of the infrastructure that supports the Chivo Wallet.

  • Each share, which cost USD 7, is now in the order of USD 33.

Athena Bitcoin shares have risen 340% since September 7, when the Bitcoin Law went into effect in El Salvador. The cryptocurrency ATM operator promised to install 1,500 new machines in the Central American country and also provides infrastructure support for the government’s Chivo Wallet monero.

The shares of the company based in Chicago (USA) and with a global presence are listed on the OTC Markets Pink over-the-counter market, where they remained below the dollar until June this year. Since then, they recorded a slight and progressive rise, however, it has been in the last week when they had their most significant increase.

It was from September 7th when the company’s shares experienced a spectacular rise from USD 7.75 to USD 33 in less than 4 days, as shown in the Yahoo Finance

chart. Athena Bitcoin Shares Jump 340% after El Salvador Law Enters into Force Athena Bitcoin Shares Jump 340% after El Salvador Law Enters into Force

On Saturday, September 11th, each of the 4 billion shares of the company are trading at a value of USD 33, resulting in a market valuation of USD 5,047 million

.

The company supported the Government of El Salvador with the installation of 200 ATMs as publicly announced

last Tuesday and will assume the installation of 1,300 new machines.

As reported by CryptoNews

, the deployment of equipment planned by Athena Bitcoin would include the nation in the ranking of countries with the highest average number of installed cryptocurrency ATMs. Athena Bitcoin Shares Jump 340% after El Salvador Law Enters into Force Athena Bitcoin Shares Jump 340% after El Salvador Law Enters into Force Athena supported the Government of El Salvador with the installation of bitcoin ATMs. Source; Twitter/AthenaBitcoin.

See also  El Salvador "can convince the world that bitcoin makes sense as a currency."

On the other hand, sources linked to the Chivo Wallet platform confirmed to CryptoNews that indeed Athena is part of the infrastructure that supports the wallet developed by the government of El Salvador.

Athena’s servers are based on Amazon Web Services and allow the interconnection with exchanges, security companies, national banks, and the <a href=”https://www.criptonoticias.com/criptopedia/que-es-bitcoin-btc/” target=”_blank” rel=”noopen

er”>Bitcoin, as published by this news portal at the end of August.

On the other hand, since May, the bitcoin ATM operator is preparing to go public. To do this, the company filed its application with the U.S. Securities and Exchange Commission, the SEC, as announced.