Brooker's share price surges by 60%
published :
15 May 2021 at 04:00
2
SET-listed Brooker Group's (BROOK) share price rallied 60% after the company reported to the Stock Exchange of Thailand (SET) on Tuesday it invested US$6.6 million (207 million baht) in bitcoin in the first quarter.
Brooker's share price continues to surge despite Covid-19 cases rising and fears of higher global interest rates to curb inflation after the US reported a rate of 4.2% for April on Wednesday, which was higher than expected.
Brooker Group is the first Thai-listed firm to report investments in cryptocurrency. At the end of the first quarter, the company reported it had purchased 122.3158 units of bitcoin at an aggregate value of roughly $6.6 million.