DGAP-News: Cryptology Asset Group PLC
/ Key word(s): Statement/Cryptocurrency / Blockchain
Cryptology Asset Group p.l.c. ("Cryptology")
Cryptology's estimated NAV per share as of 20/10/2021 is €11.90
Cryptology's Estimated NAV Reaches a New All-Time High as Bitcoin Surges
Malta, 21.10.2021. 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 €11.90.
Bitcoin continued its scorching hot October by reaching a new all-time high price above $67,000 on Wednesday. The movements follow the approval and listing of the first U.S. Bitcoin futures ETF earlier in the week.
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 €6.90, implying well over a 50% discount to GBC's price target.
Cryptology CEO, Patrick Lowry, said "The approval of the ever-elusive Bitcoin ETF in the U.S. has had a substantially positive impact on Bitcoin and general crypto market sentiment. This weeks' movement has led Cryptology to a new all-time high estimated NAV, and I expect the torrid pace crypto is on to continue through Q4. It is indeed a very exciting time to be in crypto!"
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.
Cryptology Asset Group p.l.c.
Jefim Gewiet (COO)
66/67, Beatrice, Amery Street,
Sliema SLM 1707 Malta
21.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cryptology Asset Group PLC|
|Beatrice 66 & 67, Amery Street|
|SLM 1707 Sliema|
|Listed:||Regulated Unofficial Market in Dusseldorf|
|EQS News ID:||1242654|
|End of News||DGAP News Service|