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Cryptology's estimated NAV per share as of 22/12/2021 is €10.36 as Hauck & Aufhäuser updates Cryptology 'Buy' Rating to €13.00

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  • CAGPF

DGAP-News: Cryptology Asset Group PLC / Key word(s): Statement/Cryptocurrency / Blockchain
23.12.2021 / 17:58
The issuer is solely responsible for the content of this announcement.

Corporate News

Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 23.12.2021

Cryptology's estimated NAV per share as of 22/12/2021 is €10.36 as Hauck & Aufhäuser updates Cryptology "Buy" Rating to €13.00

Malta, 23.12.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European holding company for crypto assets and blockchain-related business models, announced its most recent weekly estimated Net Asset Value ("NAV") per share of €10.36.

Last week, Bullish, the newly launched crypto exchange by Cryptology portfolio company B1, reported trading volume on the Bullish exchange exceeding $100M with an additional $1B injected into the exchange's liquidity pools in a major step forward for the newly launched exchange. The exchange also opened for retail investors in over 40 countries as the full launch of the platform kicks into full swing.

Cryptology's updated estimated NAV figures come on the morning of Hauck & Aufhäuser issuing an updated report on Cryptology's shares with a "BUY" rating and a price target of €13.00. Shares opened this morning around €8.00, meaning Hauck & Aufhäuser is projecting over a 50% price increase from current levels.

GBC AG, an independent capital markets research firm, issued an updated report on Cryptology after the share split with a "BUY" rating. Adjusting for the 20-1 stock split, GBC increased its price target to €18.35. The shares closed yesterday around €8.00, implying over a 50% discount to GBC's price target.

Cryptology CEO, Patrick Lowry, said "Public sentiment in capital markets regarding Cryptology and its portfolio companies is awfully Bullish. As we approach Christmas and wind down the year, I hope everyone has a Happy HODLday Season!"

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.

About Cryptology Asset Group p.l.c.

Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR) is a leading European holding company for crypto assets and blockchain-related business models. 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


23.12.2021 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:

1261925


 

End of News

DGAP News Service

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