|Bid||0.00 x 900|
|Ask||22.04 x 1300|
|Day's Range||20.05 - 22.43|
|52 Week Range||2.51 - 35.00|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a China-based enterprise committed to developing cryptocurrency mining businesses, today announced the closing of its previously announced private placement transaction pursuant to the definitive share subscription agreement with Good Luck Information Technology Co., Limited ("Good Luck Information") entered into on December 21, 2020. The Company has received 356.04342 Bitcoins and US$11.5 million in cash from Good Luck Information, and the Company has issued 85,572,963 newly issued Class A ordinary shares to Good Luck Information.
Bitcoin prices were back below $50,000 Tuesday after topping that milestone for the first time amid more mainstream acceptance.
Shares of 500.com Limited (NYSE: WBAI) jumped as much as 75% in trading on Tuesday after announcing an acquisition and as Bitcoin (CRYPTO: BTC) briefly climbed to over $50,000. 500.com announced that it will issue 44.4 million Class A shares to acquire the Blockchain Alliance, amounting to about 10% of the company's shares outstanding. This includes the acquisition of BTC.com and the mining pool business of Bitdeer Technologies.