Marathon Patent Group Inc. shares surged 19% Thursday, after the company said it has agreed to acquire four patents related to the transmission and exchange of cryptocurrencies between buyers and sellers. The Los Angeles-based intellectual property licensing company said the patents “afford us a unique and leverageable position, in addition to complementing our efforts as we enter into the digital asset and cryptocurrency business.” In November, the company said it was acquiring 100% of Global Bit Ventures Inc., a digital asset technology company that mines cryptocurrencies. Marathon shares have fallen 53% in the last 12 months, while the S&P 500 has gained 23%.
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