Bullet Blockchain Inc.’s (OTC:BULT) Stock surges 25% in 2 weeks: What’s the buzz?
Over the course of the past two weeks, a number of stocks have come into focus among investors, and one of those is Bullet Blockchain Inc. (OTC:BULT). In the past two weeks, the stock has clocked gains of as much as 25% amidst heavy interest.
Bullet Blockchain, the innovative SaaS and software development firm, is currently at the vanguard of Web 3 and blockchain technologies. On December 18, 2023, the company came into focus after it announced that it had deployed a total of 10 Bitcoin ATMs in different locations in the state of Georgia.
It was the completion of the first stage of the planned deployment as well as the branding of 30 Bitcoin ATM kiosks. The rally in the stock in recent days is particularly noteworthy given the fast-soaring value of Bitcoin and also the fact that Bullet Blockchain is the only company with a patented ATM that could issue Bitcoins.
Not too long ago, the company also completed a strategic transaction pertaining to the acquisition of a portfolio consisting of Bitcoin ATMs. Thanks to that acquisition, it had become possible for the company to expand its cryptocurrency-related offerings and provide the residents of the state of Georgia with greater accessibility to digital assets.
The Chief Executive Officer of the company, Simon Rubin, spoke about the development at the time. He noted that everyone at Bullet Blockchain was thrilled at becoming one of the few publicly listed companies involved in the Bitcoin ATM space.
