DGAP-News: Cryptology Asset Group PLC
/ Key word(s): Statement
Cryptology Asset Group p.l.c. ("Cryptology")
Cryptology's estimated NAV as of 7/4/2021 is €224.84.
NAV remains stable as Bitcoin and crypto continues its torrid 2021.
Malta, 08.04.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP, formerly 4UD), a leading European investment company for blockchain- and crypto-related business models, announced its most recent estimated Net Asset Value ("NAV") per share of €224.84. The stock closed yesterday at €159.00, roughly 29.2% below NAV.
NAV has remained stable relative to the week prior as leading crypto assets continue to consolidate at new price levels. Cryptology's significant exposure to Block.one, boasting one of the largest Bitcoin balance sheets in the world, gives it indirect exposure to a substantial Bitcoin position.
As Block.one is a privately held company, one of the only means for public markets investors to gain exposure to it, and its immense balance sheet of Bitcoin, is indirectly through holding the publicly traded shares of Cryptology.
Patrick Lowry, CEO of Cryptology, said "Bitcoin continues to hold strong in the upper $50's as other leading crypto assets, such as ETH, BNB and EOS continue, to surge. I look forward to seeing continued adoption of altcoins in 2021."
Cryptology shares currently trade on several German exchanges including Börse Düsseldorf, Gettex and Tradegate. In order to increase trading liquidity and open up to new shareholder groups, Cryptology is currently exploring an international listing. The ticker symbol for Cryptology was recently changes from 4UD to CAP.
About Cryptology Asset Group p.l.c.
Cryptology is a leading European crypto asset and blockchain-related business model investment company. Founded by Christian Angermayer's family office, Apeiron Investment Group and crypto-legend Mike Novogratz, Cryptology is the largest publicly traded holding company for blockchain- and crypto-based business models in Europe. Noteworthy portfolio companies include crypto-giant and EOSIO software publisher Block.one, leading HPC provider Northern Data, commission-free online neobroker nextmarkets, and crypto asset management group Iconic Holding.
Cryptology Asset Group p.l.c.
Jefim Gewiet (COO)
66/67, Beatrice, Amery Street,
08.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cryptology Asset Group PLC|
|Beatrice 66 & 67, Amery Street|
|SLM 1707 Sliema|
|Listed:||Regulated Unofficial Market in Dusseldorf|
|EQS News ID:||1182561|
|End of News||DGAP News Service|