AMC Entertainment (NYSE:AMC) stock is heading higher on Thursday as investors react to plans for the company to accept various cryptocurrencies.
Adam Aron, the CEO of AMC Entertainment, shared a Twitter post in which he discussed the company’s plans. He also asked users if they wanted the company to include Dogecoin (CCC:DOGE-USD) in this effort. The majority of responders were in favor of it.
So what’s this mean for AMC? We could see the company adopt cryptos, including Bitcoin (CCC:BTC-USD), Ethereum (CCC:ETH-USD), Litecoin (CCC:LTC-USD), Bitcoin Cash (CCC:BCH-USD), as well as Dogecoin, by the end of the year.
Let’s take a peek at how holders of AMC stock are reacting to the crypto news today.
AMC Stock Twitter Chatter
I Believe @AMCTheatres Is Going To Start A Trend Of New Businesses Finally Accepting Crypto As Payment.
As Long As They #AcceptDOGE I’m Happy.
— ÐogecoinRise 🚀🌕 (@DogecoinRise) September 23, 2021
— TaraBull💎🙌🏻 (@TaraBull808) September 22, 2021
— Crypto.B (@BTC_Brian93) September 23, 2021
— TheRealChampagnebeezy (@champagnebeezy) September 23, 2021
— Ashe (@bbyskele) September 23, 2021
So how’s AMC stock trading on today’s news? Not bad with some 20 million shares changing hands as of this writing. It’s still a far cry from the company’s daily average trading volume of 89.3 million shares but it’s nothing to dismiss.
AMC stock was up 2% as of Thursday morning and is up 1,949% since the start of the year.
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.