Robin Energy Completes First $5 Million Bitcoin Asset Allocation, Stock Price Soars 90%

Robin Energy (RBNE), an international energy transportation company, has completed its first $5 million allocation to Bitcoin, becoming the latest energy company to diversify its portfolio with cryptocurrencies. According to Google Finance data, RBNE's Nasdaq-listed shares surged over 90% on Wednesday, reaching an intraday high of $4.27 before retreating. For most of August, the stock price had fluctuated within a narrow range of $1.87, fluctuating by just a penny or two.