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Stocks

Market Scramble: Bitcoin fever spreads to stock market

Rising cryptocurrency prices send investors into related startups

TOKYO -- Investors are rushing into Japanese startups with exposure to virtual currencies, likely inspired by the dramatic gains in the value of bitcoin and its peers in recent weeks.

Shares in Metaps, which plans to develop an artificial intelligence-based virtual currency trading system, jumped 8.4% on Wednesday, extending its winning streak to a third day. Infoteria, which has a partnership with cryptocurrency platform developer Tech Bureau, gained 2%. Stocks in the digital currency industry contributed to a 1% rise in the Tokyo Stock Exchange's Mothers index to 1,088.10, a year-to-date best and the highest level in about 11 months.

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