DGAP-News: Cryptology"s estimated NAV per share as of 01/09/2021 is €9.86

2021. szeptember 02., csütörtök, 15:27







DGAP-News: Cryptology Asset Group PLC


/ Key word(s): Statement/Cryptocurrency / Blockchain






Cryptology"s estimated NAV per share as of 01/09/2021 is €9.86








02.09.2021 / 15:27




The issuer is solely responsible for the content of this announcement.




Corporate News



Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 02.09.2021



Cryptology"s estimated NAV per share as of 01/09/2021 is €9.86



Cryptology NAV continues to grow as Bitcoin crosses the $50,000 threshold



 



Malta, 02.09.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), 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 €9.86.



Cryptology recently underwent a 20-1 share split which went into effect on July 27, 2021. Cryptology"s authorized shares were increased to 64,000,000, of which 57,117,500 are issued. The shares will continue to trade under the same ticker and ISIN.



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 €8.15, implying well over a 50% discount to GBC"s price target.



Cryptology CEO, Patrick Lowry, said "Bitcoin has once again crossed the $50,000 threshold with no signs of slowing down. Altcoins continue to outperform it, however, with Ethereum once again flirting with $4,000. It is a very exciting time in crypto as the industries" institutional adoption continues to move3 forward full steam ahead."



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 investment 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 Funds.



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
















02.09.2021 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.

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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: 1230938





 
End of News DGAP News Service





1230938  02.09.2021 



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