AMC will allow bitcoin payments for tickets in their cinemas by the end of this year
The CEO of the company, Adam Aron, took advantage of the presentation of results to publicize this news, detailing that they will adapt their payment networks to be able to accept the currency, giving new support to the universe of cryptocurrencies in general and to bitcoin in particular.
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This announcement represents the union of two tremendously volatile assets. The main cryptocurrency has as one of its characteristics a high fluctuation, while AMC has appreciated around 1,500% this year, after being chosen as one of the favorite ‘meme stocks’ by WallStreetBets foreros to attack bearish positions .
Lastly, the company’s revenue increased 19% to $444.7 million in the quarter ended June 30, improving analysts’ forecasts of $382.1 million. In addition, it raised another $125 billion in new share capital in the quarter, bringing liquidity to more than $2 billion.