Bitcoin Mania Just Made Kodak $431 Million More Valuable

Bitcoin mania continued to feed the fire fueling Eastman Kodak’s stock Wednesday, after the one-time camera maker revealed a day earlier that it too was jumping into blockchain and launching its own cryptocurrency: the KodakCoin.

Shares of the struggling 130-year-old company rose as much as 90% Wednesday, giving it a valuation of $565 million. That represented a gain of roughly $431 million or 321% since the company said it would use the technology underlying cryptocurrencies, blockchain,...

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