Cryptology's estimated NAV as of 28/04/2021 is €201.36
Bitcoin remains stable while alt coins continue their bullish trend.
Malta, 29.04.2021. 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 €201.36. The stock closed yesterday at €171.00, roughly 15.0% below NAV.
Bitcoin has remained relatively stable in the mid-$50,000 range over the past week while so-called 'alt coins', such as ETH, have reached new all-time highs. 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 'Bitcoin's dominance has fallen below 50% in the past week for the first time since 2018. This is a strong bullish signal for the crypto market as a whole as new protocols and alt coins such as ETH and EOS are being adopted by the mainstream.'
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 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 09:34:03 UTC.