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    CAP   MT0001770107

CRYPTOLOGY ASSET GROUP P.L.C.

(CAP)
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Cryptology Asset p l c : estimated NAV per share as of 29/09/2021 is €9.28

09/30/2021 | 07:52am EST

China once again "bans crypto" as crypto markets remain relatively flat

Malta, 30.09.2021. 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 €9.28.

The Chinese government recently hinted at a complete ban on all crypto transactions in a release. While similar actions have occurred before, it now seems China has begun to take action against Bitcoin and crypto, forbidding crypto exchanges from offering their services to Chinese citizens.

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 at €7.70, implying well over a 50% discount to GBC's price target.

Cryptology CEO, Patrick Lowry, said "China's crackdown on crypto is unfortunate for the people of China, but it presents an immense opportunity for Europe and the United States to further embrace what cryptographic technology offers to foster a global and transparent financial ecosystem."

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
Tel.: +356 799 85 85 1
E-mail: info@cryptology-ag.com

Disclaimer

Cryptology Asset Group plc published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 11:51:02 UTC.


© Publicnow 2021
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Financials
Sales 2020 2,55 M 2,88 M 2,88 M
Net income 2020 10,3 M 11,6 M 11,6 M
Net Debt 2020 18,6 M 21,1 M 21,1 M
P/E ratio 2020 21,4x
Yield 2020 -
Capitalization 434 M 491 M 491 M
EV / Sales 2019 -
EV / Sales 2020 93,7x
Nbr of Employees 2
Free-Float 52,6%
Chart CRYPTOLOGY ASSET GROUP P.L.C.
Duration : Period :
Cryptology Asset Group p.l.c. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 7,60 €
Average target price 18,35 €
Spread / Average Target 141%
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