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AMC Theatres Will Accept DOGE and Shiba Inu via BitPay

AMC already allows bitcoin and ether, among other cryptocurrencies, to be used for payments.

Updated May 11, 2023, 7:11 p.m. Published Feb 28, 2022, 6:15 p.m.
(Donreál Lunkin/Unsplash, modified by CoinDesk)
(Donreál Lunkin/Unsplash, modified by CoinDesk)

AMC Theatres customers next month will be able to pay with meme coins and shiba inu using crypto payments provider BitPay.

  • “BitPay will be live for AMC online payments on our web site by March 19, and live on our mobile apps by April 16, possibly a few days earlier,” tweeted AMC CEO Adam Aron on Monday.
  • In November the company, a unit of AMC Entertainment Holdings (AMC) began accepting bitcoin , ether , and for payments, and promised DOGE was coming soon. At that time, AMC also said it would explore using shiba inu.
  • AMC shares were up about 4% today, but remain lower by more than 30% year to date.

See also: Verifone Partners With BitPay to Support Crypto Payments

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Banking giant Intesa Sanapolo discloses $100 million bitcoin ETF holdings, along with Strategy hedge

Intesa Sanpaolo headquarters in Turin (Riccardo Tuninato/Unsplash)

The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings.

What to know:

  • Intesa Sanpaolo disclosed $96 million in bitcoin ETF holdings, including ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust.
  • The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings.
  • The filing used the Share-Defined designation, which suggests the investment decisions were made jointly by Intesa Sanpaolo and executed by affiliates.