SEC halts trading in First Bitcoin Capital shares, which have gained more than 6,000% in 2017

The Securities and Exchange Commission on Thursday temporarily suspended trading in shares of First Bitcoin Capital Corp. because of concerns about the accuracy and adequacy of public information on the Canadian company.

The concerns relate to the value of the company’s BITCF, +4.68% assets and its capital structure, the SEC said in a statement.

“The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company,” said the statement.

Read: Initial coin offerings now outvalue early-stage venture capital funding in 2017

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