A publicly traded Canadian bitcoin company has caught the watchful eye of the U.S. Securities and Exchange Commission after its stock ran up more than 6,000 percent in 2017. In a statement, the SEC announced that it has suspended trading in securities of First Bitcoin Capital Corporation (BITCF) starting August 24 until 11:59 a.m. on September 7, 2017, citing concerns that the company may have not been telling the whole truth about its corporate structure. \u201cThe Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF\u2019s assets and its capital structure,\u201d SEC said. The suspension was announced before the company opened for trading on Wednesday. First Bitcoin Capital\u2019s shares, which were traded over the counter, held at US$1.79 apiece prior to the suspension, according to Bloomberg data. First Bitcoin Capital\u2019s stock price reached a high of $2.70 last August 14, from less than $0.30 last December 31. On its website, the Canada-based company said it develops digital currencies and proprietary blockchain technologies, and operates digital currency exchange CoinQX as well as a network of ATMs. \u201cThe reason we have been able to succeed without external funding is due to the fact that we early learned how to develop crypto assets on a shoe string, so to speak. This also resulted in our being able to pay off our debt which was owed to management with one of our created crypto currencies,\u201d the company said in a statement, noting that its management has yet to sell a share of First Bitcoin Capital\u2019s stock in spite of the rise in price per share. First Bitcoin Capital called the suspension an \u201cunfortunate\u201d incident, which they are currently working to resolve. \u201cWe believe that there is likely a misunderstanding or a simple clarification necessary and it would have been better for the SEC to ask us for this information before taking such drastic action,\u201d the company said.