Crypto Company's Accredited Investors Get a Sweetheart Deal

Companies rebranding themselves as cryptocurrency firms aren’t the only ones benefiting from bitcoin mania.

Crypto Co. today disclosed a private stock sale to accredited investors at $7 per share, a 97 percent discount to yesterday’s closing price of $223. Investors typically expect a discount in exchange for participating in these sales, but a markdown of this magnitude is rare if not unprecedented.