Qualigen Rehabs Inc. ( NASDAQ: QLGN) shares blew up in Thursday’s after-hours trading after the business partnered with digital property company BitGo to support its multi-asset cryptocurrency treasury technique.
QLGN is charging ahead with explosive momentum. Follow the breaking news here.
Qualigen Hyperlinks Up With BitGo To Handle Crypto Treasury
The stock lobbed over 60% after-hours, developing on its gains in the routine trading session.
The rally follows the California-based biotech business selected BitGo as its treasury management partner, allowing access to liquidity and custody for its digital possessions.
Qualigen, majority-owned by Faraday Future Intelligent Electric Inc. ( NASDAQ: FFAI), will invest throughout a varied basket of the world’s leading 10 cryptocurrencies utilizing BitGo’s over the counter desk. BitGo will keep the possessions in a controlled freezer with required compliance procedures.
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Cost Action: Qualigen shares leapt 62.60% in after-hours trading after closing 5.37% greater at $3.530 throughout Thursday’s routine trading session. Year-to-date, the stock has moved 16.15%
Benzinga’s Edge Stock Rankings showed that QLGN has a more powerful cost pattern in the brief and medium term. See Benzinga Edge Stock Rankings to discover how it compares to Technique Inc. (NASDAQ: MSTR), the world’s biggest cryptocurrency treasury company,
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