Blockchain Name Change Investor Capital Bubble Dot Com
Blockchain Name Change Investor Capital Bubble Dot Com

Sign of the Times: Companies Surge After Adding “Blockchain” to Their Name

For some investors, the name means everything. That was the case recently when On-line Plc, a British technology company, surged 394% after changing its name to On-line Blockchain Plc (LON:ONL). The simple addition of “blockchain” to the corporate name gave the company its single largest daily gain since going public in December 1996.

In a statement recently released, the company said, “blockchain technology and cryptocurrencies are a new and exciting area we have been working on for some time. We feel the time is right to re-name the company to reflect these developments, where we believe the future growth will be in our sector.”

Bloomberg On-line Blockchain plc

Bloomberg On-line Blockchain plc

There is no denying that blockchain and cryptocurrencies are absolutely on fire right now. Bitcoin continues to see new all-time highs faster than major stock indices. While the fundamentals and demand for Bitcoin continue to soar, a growing crowd is concerned that prices have gone too far too fast.

Bioptix, Inc. To Riot Blockchain Leads To Over 117% In Collective Gains

On-line Blockchain Plc is not the only example of investors flocking to companies that have added “blockchain” to their name. Bioptix, Inc. recently announced it is changing its name to Riot Blockchain Inc. (NASDAQ:RIOT),, which led to shares surging 17%, after a rally of nearly 100% leading up to the name change announcement. Prior to the name change, the company manufactured diagnostic machinery.

Is This The Next

Some critics compare the latest craze to the mania from the Dot-Com Bubble. was a company founded during the late 1990s internet boom, when anything with a “dot-com” in its corporate name immediately seemed to attract investor capital. The company raised $82.5 million in a successful IPO in February 2000 that eventually hit a high of $14 per share. However, by November 2000, the company’s stock was trading around $0.20 per share and investors had lost nearly all of their invested capital. existed for just over two years before its collapse at the height of the bubble burst.

While Bitcoin and cryptocurrencies are still great long-term concepts, there does seem to be some level of irrational exuberance within the markets. Considering the fact the initial coin offerings (ICO) are raising millions of dollars for companies and simple name changes are attracting sizable investor capital, it is not shocking to think a correction is near. However, the long term is still bright for these emerging technologies.

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Matt Rego

Matt is the Founder and CEO of Spotlight Growth, a full service investor relations and awareness service provider. Prior to launching Spotlight Growth, Matt worked six years within the investor relations industry, most recently serving as Vice President of Sales and Marketing at Global Discovery Group, Inc. In addition, Matt has been a financial writer and analyst since 2010 and investing in the stock market since 2007. Articles and content have appeared on well-known financial websites, such as: Investopedia, Google Finance, Yahoo Finance, ValueWalk, Minyanville, Seeking Alpha, CBS MoneyWatch, Investment Underground, Emerging Growth, Blasting News, GenYWealth, and more. In addition, Matt has received an honorable mention in Barrons’ and the New York Post. Matt graduated from the University of Minnesota with a Bachelor’s Degree in Finance.