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How One Mysterious Startup Is Riding the Bitcoin Wave

  • UBI Blockchain Internet has a soaring stock price, no revenue
  • Hong Kong-based company registered to sell 72.3 million shares
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With hardly a year of operations under its belt and scant results to show for it, UBI Blockchain Internet is riding buzzwords to a stock boom.

It’s become one of the most valuable publicly traded companies in the bitcoin universe -- second only to LongFin Corp. The stock surged almost 1,000 percent this year, valuing UBI Blockchain at $1.2 billion. Now, the Hong Kong-based company has registered to sell an additional 72.3 million shares owned by executives including Chief Executive Officer Tony Liu, regulatory filings show.