Chinnapong
- Mullen Automotive (NASDAQ:MULN) will begin accepting cryptocurrency for purchase of its electric vehicles, an announcement that jolted shares higher in early Wednesday trading.
- The company will accept Bitcoin and the $TRUMP meme coin for the purchase of the Mullen cargo van, delivery trucks and Bollinger B4 Chassis Cab.
- “The increasing acceptance of cryptocurrency as a form of payment expands Mullen’s ability to deliver its product to a broader audience at the commercial and consumer levels,” said David Michery, CEO and chairman of Mullen Automotive.
- Shares were launched more than 30% higher before the open before retreating to a 4% gain, currently.