Bluesky Digital Assets Corp, a crypto-focused company, saw its stock value soar by 800% this month, reportedly due to confusion with the social media platform Bluesky. The stock rose from $0.05 on November 1 to $0.41 on Wednesday, peaking at $0.49 last week. Despite the surge, it remains a penny stock, with speculative traders likely taking advantage of the misunderstanding.
Bluesky Digital Assets Corp, described as offering a “complete ecosystem of value creation” and “AI-based solutions,” released a statement attributing the spike to no significant changes in its operations, though the release has since been removed from its website.
Meanwhile, the Bluesky social media platform, founded by Jack Dorsey, has seen rapid growth, hitting 12 million users by October and now reportedly reaching 20 million following political events in the U.S. Unlike the crypto firm, Bluesky social media is privately held and does not trade on public markets.
News Source:gizmodo，This article does not represent our position.
