Pop Culture Stock Skyrockets After $33 Million Bitcoin Investment, Web3 Push

Pop Culture Group Co Ltd. (NASDAQ:CPOP) shares retraced after-hours on Wednesday following a double-digit rally in the regular trading session.

Company Aims To Build Crypto Fund Pool

The stock fell 2.47% in the after-hours session, wiping out some of the gains earned earlier in the day. 

Shares popped to a high of $2.13 shortly after trading commenced, marking a 47% increase from the previous day’s close. However, the rally cooled down as the day progressed.

The moves after the China-based entertainment company purchased 300 Bitcoin (CRYPTO: BTC), worth $33 million, to kickstart what it described as …

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