Robin Energy completes its first $5 million allocation in Bitcoin assets

ChainCatcher news, according to The Block, international energy transportation company Robin Energy (stock code RBNE) has completed an initial allocation of $5 million in Bitcoin assets, becoming the latest energy company to diversify its portfolio through cryptocurrency.

According to Google Finance data, RBNE's stock listed on NASDAQ rose more than 90% on Wednesday, briefly reaching a high of $4.27 during the trading session before pulling back. Throughout most of August, the stock price fluctuated narrowly around $1.87, moving up and down by only a few cents.