Q2 Crypto Holdings Trading Update

NFT Investments PLC
30 June 2023
 

Press Release

 

30 June 2023

 

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

NFT Investments PLC

 

("NFT Investments" or "the Company")

 

Q2 Crypto Holdings Trading Update

 

NFT Investments (AQSE: NFT), an investment firm, announced on 20 March 2023 its intention to publish Quarterly Trading Updates in advance of the liquidation of its Crypto holdings and to return value to its shareholders by way of a tender offer for its shares following the next BTC halving (expected in April 2024).

 

Crypto Holdings June 2023 Quarter Update

 

The Company has unaudited Crypto and Stablecoin assets with a valuation of £27.4 million (2.72p per share) as at 29 June 2023. The major components of this are as follows:

 

Token                                                                          Quantity                       Valuation (£m)

Bitcoin

BTC

626

15.1

Ethereum

ETH

6,794

10.0

Optimism

OP

732,899

0.7

Lido Dao

LDO

396,144

0.6

Cosmos

ATOM

57,902

0.4

Near Protocol

NEAR

225,362

0.2

Stablecoins

USDT/USDC

503,220

0.4

 

Total Company NAV June 2023 Quarter Update

 

The Company has unaudited Crypto, Stablecoin, Cash and Equity Investments with a valuation of £33.6m (3.34p per share) as at 29 June 2023. The components are as follows:

 

Crypto and Stablecoins

£27.4m

Cash

£2.4m

Equity Investments

£3.8m

 

 

 

The Directors of NFT Investments PLC take responsibility for this announcement.

 

For further information please contact:

 

NFT Investments


Jonathan Bixby

Executive Chairman

+44 7876 888 011

First Sentinel


Corporate Adviser

Brian Stockbridge

 

+44 7876 888 011

Tennyson Securities

 

Corporate Broker

Peter Krens

+44 207 186 9030

 

 

About NFT Investments:

NFT Investments PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. NFT Investments is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker symbol NFT. https://www.nftinvest.pro/

 

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