AP Photo/Shizuo Kambayashi
- AMC CEO Adam Aron posted a Twitter poll asking his followers if the company should accept shiba inu coin as payment.
- Shiba inu coin has surged in price thanks to crypto whales and retail traders hyping the meme coin.
- AMC has already said it will allow payment in other cryptocurrencies.
AMC chief Adam Aron is taking to Twitter again to .
On Twitter Friday, Aron posted a poll asking his followers if the theater chain should add shiba inu coin to the list of cryptocurrencies the company will soon accept as payment.
The poll, which lasts for another five days, had already received more than 70,000 votes four hours after being posted.
Aron posted the tweet in a week where the meme coin's price surged thanks to crypto whales and retail traders. The coin, which started as a meme of another meme coin, is now the 10th largest cryptocurrency by market capitalization, according to CoinMarketCap data.
Last month, Aron posted a similar poll asking his crowd of avid followers whether AMC should accept dogecoin - to which more than 100,000 voters responded with a resounding "yes."
In August, AMC said it would accept bitcoin as payment by the end of the year and begin exploring other ways it could participate in the crypto economy. A month later, the company said it would also accept ether, litecoin, and bitcoin cash as payment.
AMC CEO Adam Aron said on Wednesday that the movie theater operator expects to accept ether, litecoin, and bitcoin cash as payment, in addition to bitcoin, by the end of the year.
Retail traders mobilized on social media platforms like Reddit and Twitter have rallied around AMC since the start of the meme stock saga at the beginning of this year. The traders, who call themselves Apes and sometimes refer to Aron as Silverback, have rallied around the AMC CEO as an icon of their movement. Aron has responded by offering movie-theater perks like free popcorn to the fans of his company's stock.
AMC shares have surged 1,600% so far this year and were trading at $35.62 at 11:45 a.m. ET on Friday.
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October 29, 2021 at 11:21PM
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AMC's Adam Aron is asking his Twitter followers if the theater chain should accept shiba inu coin as payment following the meme token's massive rally - Business Insider
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