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Blue Ridge Bank Shares Halted by NYSE After Bitcoin ATM Announcement

The stock jumped by extra than 13% after files that it can presumably presumably let its customers employ bitcoin by its ATMs.

Portray of Blue Ridge Financial institution CEO Brian Plum. (Courtesy of Blue Ridge Financial institution/Housden Photography).

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Blue Ridge Financial institution Shares Halted by NYSE After Bitcoin ATM Announcement

The Recent York Inventory Alternate (NYSE) halted trading of Virginia-based entirely Blue Ridge Financial institution’s stock (BRSB) after a spike in trading process Wednesday, the corporate educated CoinDesk in an email. 

The company launched gradual Tuesday that it had unfolded bitcoin redemptions and purchases at 19 of its ATMs. The stock began the day trading factual beneath $20 and jumped to $22.61 forward of settling to $21.22 as of press time. 

“NYSE educated us the corporate’s stock reacted to the tips and attributable to the volatility, a Restrict Up/ Restrict Down (LULD) trading cease used to be led to,” said Blue Ridge exterior spokesperson Jon Amar. “The LULD is a 5-minute trading live. Currently, the stock is trading up approx. 5% on 75K shares vs. its 30 Day ADV of 10K shares.”

The NYSE did no longer answer to a question for commentary by press time. 

Read extra: This Virginia-Primarily basically based Financial institution Is Letting Prospects Rob Bitcoin at the ATM

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