Bitcoin BoardStocks of online game company Zynga Inc have soared since they started accepting Bitcoin for in-game purchases. Zynga, mostly known for small games on Facebook like Farmville, has teamed up with BitPay to integrate Bitcoin payments in 7 games. They may expand it to more games in a later stage.
Their ZNGA stock has risen from 3.8$ to $4.16 at the moment of writing this article. This means an increase in price of roughly 10%. Zynga’s market Cap is valued at around 3.4 Billion, making it one of the first billion dollar company’s to adopt Bitcoin. The news of Zynga’s Bitcoin adoption gave the digital currency a big boost in price, and it crossed the $1000 mark on Mt.Gox, one of the bigger exchanges. The price is now at around $940 after a dip in price caused by negative news from China.
You can watch the Bitcoin price on our live index. Please keep in mind that that number is pulled from various exchanges making it an “average price”. Mt.Gox’s valuation is typically higher due to their ongoing problems with wire transfers.
