News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

AMC’s looking to take bitcoin to appeal to its Reddit army of followers

The company is set to accept bitcoin at US locations by the end of the year

AMC Entertainment Holdings on 9 August detailed changes coming to its theatres, such as accepting bitcoin, that are aimed at appealing to its army of Reddit investors.

Chief executive Adam Aron used the company’s earnings call, which is typically little more than a staid recitation of quarterly finances, to engender goodwill with his new shareholder base, a collection of thousands of meme-stock enthusiasts who have boosted AMC shares to record levels.

WSJ Logo