Cryptology's estimated NAV as of 05/05/2021 is €215.75
Ethereum tops $3,000 for the first time while alt coins continue their tear.
Malta, 06.05.2021. 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 €215.75. The stock closed yesterday at €170.00, roughly 21.2% below NAV.
Bitcoin and the crypto markets in general remain feverishly hot. ETH topped $3,000 in the past week, currently sitting around $3,450 as of this writing. Cryptology has indirect exposure to a substantial position of Bitcoin through its holding of Block.one.
As Block.one is a privately held company, one of the only means for public market 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 'There is substantially more to the crypto markets than Bitcoin and as enterprises and institutions continue to get their feet wet with it, they will soon discover ETH, EOS and other leading crypto assets. These may not only be included in treasury strategies, like Bitcoin currently is, but the floodgates will open once enterprises realize they can build on top of these layer-1 protocols.'
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.
Cryptology Asset Group p.l.c.
Jefim Gewiet (COO)
66/67, Beatrice, Amery Street,
Sliema SLM 1707 Malta
Tel.: +356 799 85 85 1
Cryptology Asset Group plc published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 19:38:15 UTC.