Crypto-mania has spread so quickly that the mere mention of an association with Bitcoin, blockchain, or cryptocurrency is enough to send investors into a buying frenzy. Seagate Technology shares rose more than 15% on Monday as a post on Seeking Alpha speculated that the hard drive manufacturing company may own billions of dollars worth of the XRP cryptocurrency (commonly known as Ripple). Seagate capitalized on this attention by preannouncing financial results for the quarter, reporting stronger than expected revenue and providing strong guidance, sending the shares higher still. XRP is the third biggest cryptocurrency by market cap, behind Bitcoin and Ethereum. Now, the possibility of receiving a substantial 5.4% dividend from a stable, high-profile company involved in cryptocurrency seems awfully tantalizing.

Source: Forbes January 11, 2018 17:15 UTC