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Cryptology's estimated NAV as of 19/05/2021 is €150.59

·2-min read

DGAP-News: Cryptology Asset Group PLC / Key word(s): Statement
20.05.2021 / 15:04
The issuer is solely responsible for the content of this announcement.

Corporate News

Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 20.05.2021

Cryptology's estimated NAV as of 19/05/2021 is €150.59

Crypto endures a volatile week as Bitcoin dips below $40,000

 

Malta, 20.05.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP, formerly 4UD), a leading European investment firm for crypto assets and blockchain-related business models, announced its most recent estimated Net Asset Value ("NAV") per share of €150.59. The stock closed yesterday at €129.00, roughly 14.3% below NAV.

The prior week was ripe with outstanding developments coming from Cryptology portfolio companies. Block.one revealed Bullish, a new crypto exchange they were injecting $10 billion into alongside investors Peter Thiel, Christian Angermayer, Mike Novogratz, Alan Howard, Louis Bacon and more. Iconic Funds, a joint venture between Cryptology and Iconic Holding, listed a physically backed Bitcoin ETP on Deutsche Börse's Xetra as well.

Patrick Lowry, CEO of Cryptology, said "Crypto may be volatile, but Cryptology and its portfolio companies remain strong and continue to achieve operational excellence. The announcement of Block.one's Bullish, Northern Data's sale of its Texas facility and Iconic Funds' Physical Bitcoin ETP listing on Xetra are just a few major milestones our portfolio companies have recently achieved. I look forward to a strong bounce-back in Bitcoin and crypto with continued excellence from our companies."

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 changed 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.

Media Contact:

Cryptology Asset Group p.l.c.

Jefim Gewiet (COO)

66/67, Beatrice, Amery Street,

Sliema SLM 1707 Malta

E-mail: info@cryptology-ag.com


20.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Cryptology Asset Group PLC

Beatrice 66 & 67, Amery Street

SLM 1707 Sliema

Malta

E-mail:

info@cryptology-ag.com

Internet:

cryptology-ag.com

ISIN:

MT0001770107

WKN:

A2JDEW

Listed:

Regulated Unofficial Market in Dusseldorf

EQS News ID:

1199002


 

End of News

DGAP News Service

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