With 2017 coming to an end, here’s a look back at the top performing blockchain stocks of the year.
What a year it’s been for the blockchain industry.
Over the course of the year, blockchain technology consistently made headlines–ranging from initial coin offerings to initial public offerings or even companies transitioning to adapt this new wave of technology.
As such, here the Investing News Network (INN) takes a look back on the year’s top performing blockchain technology stocks. While the number of publicly traded blockchain companies is still relatively small, it’s inevitable that the list will continue growing. Data for the companies listed below was compiled via Google Finance.
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1. Global Blockchain Technologies (TSXV:BLOC)
Market cap: $41.23 million; current share price: $2.25; year-to-date gain: 1,566.67 percent
Global Blockchain Technologies is a somewhat new company in the blockchain sector. The company announced its name change effective October 5.
Global Blockchain provides investment services and was founded in Vancouver in early 2010. In Q4 2017, the company announced a bought deal financing with Canaccord Genuity worth $30 million, but then announced an increase to the bought deal finance a couple of days later.
2. BTL Group (TSXV:BTL)
Market cap: $251 million; current share price: $12.38; year-to-date gain: 931.67 percent
Our second top blockchain stock of the year is BTL Group a Vancouver-based company that offers blockchain solutions across multiple industries–from banks to energy, and even to fantasy sports.
BTL’s flagship product, Interbit is designed for business innovators and developers to adapt blockchain capabilities into enterprise applications.
Some of BTL’s highlights in Q4 include: the filing of the patents on its enterprise blockchain platform Interbit™ in October; an increase in the marketing financing to $10.7 million in November; and the closing of the non-brokered offering in late November.
3. 360 Blockchain (CSE:CODE)
Market cap: $42.14 million; current share price: $0.27; year-to-date gain: 587.50 percent
Middle of the pack on our top blockchain stocks of the year post is 360 Blockchain, formerly 360 Capital Financial and changed its name and began trading under the symbol CODE on October 10. Since going public, the company has announced a joint venture with NOS Blockchain, a subsidiary of Nerds on Site, that its acquisition SV Cryptlab entered into contracts to mine ethereum and Zcash, and the establishment of 360 Blockchain USA, a subsidiary to focus on developing and investing in blockchain technologies in the US.
4. Riot Blockchain (NASDAQ:RIOT)
Market cap: $131.97 million; current share price: $15.86; year-to-date gain: 313.02 percent
Riot Blockchain is also new to the blockchain sector, having changed its name from Bioptix to Riot Blockchain at the beginning of October. Formerly a biotech company, Riot Blockchain is the first mover on the NASDAQ as a pure play blockchain company.
5. Hive Blockchain (TSXV:HIVE)
Market cap: $775.81 million; current share price: $3.24; year-to-date gain: 237.50 percent
Closing out our top 5 blockchain stocks of 2017 list is Hive Blockchain. Hive Blockchain is another company relatively new to the blockchain sector, having gone public on September 19.
During Q4 2017, highlights of Hive Blockchain include: a $30 million bought deal financing and the announcement of a second phase expansion in Sweden, announced in October; another bought deal financing worth $34.5 million and expanding production of “newly minted” digital currencies, annunced in November.
As we move from 2017 and into 2018, these companies will surely be ones investors will be interested in keeping a watchful eye out for.
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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: 360 Blockchain is a client of the Investing News Network. This article is not paid for content.