Information  X 
Enter a valid email address

KR1 Plc (KR1)


Thursday 17 December, 2020

KR1 Plc

Update on Revenue from Polkadot Staking Yields

17 December 2020


(“KR1” or the “Company”)

Update on Revenue from Polkadot Staking Yields

KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to provide an update on the Company’s revenue from staking activities on Polkadot (“DOT”). KR1 has generated a further 141,564.69 DOT since the last staking update announcement in August 2020, all of which have been sold at an average price of US$5.63 per DOT token, realising US$796,942.58.

KR1 has generated more than 194,631.69 DOT from staking yields over the last six months since Polkadot migrated to a ‘Proof-of-Stake’ network on 18 June 2020. The Company has now realised the entirety of its generated DOT staking yields to date, which netted the Company a total of US$991,745.54. The Company plans to maintain its staking of a large majority of its DOT position to continue generating revenues for the Company’s operations going forward.

The Company takes a long-term view on the price of DOT, implementing a strategy where, if the asset price is under pressure and below a certain price threshold, the Company will not liquidate its accruing staking yields and postpones the realising of yields until the market recovers. This strategy has led to a more favourable average realised price of US$5.63 per DOT token for this Polkadot staking revenue update, versus an average daily price of US$4.67 per DOT token if the Company had sold its yields on a daily basis.

As at the date of this announcement, KR1’s total holding of Polkadot tokens is 3,498,842.45 DOT after the realisation of all staking yields.

George McDonaugh, Managing Director & Co-Founder of KR1 commented:

“A healthy flow of staking income without any capital expenditure allows us to take full advantage of the growing excitement in the digital asset markets. Once again, we have been very successful in achieving great average prices for realising the Company’s staking yields with our strategy to time market conditions. The momentum in the Polkadot ecosystem has been very encouraging, with a major surge in community participation and new features like Polkadot’s ‘parachain auctions’ and cross-chain communication coming closer to release.”

The Directors of KR1 plc accept responsibility for this announcement.


For further information please contact:

George McDonaugh
Keld van Schreven
Simon Nicol

+44 (0)16 2467 6716

[email protected]
Peterhouse Capital Limited
Mark Anwyl
Allie Feuerlein
(AQSE Corporate Adviser)
+44 (0)20 7469 0930
Nominis Advisory Ltd
Angus Campbell 
(PR Adviser)
[email protected]

About KR1 plc

KR1 is a leading digital asset investment company supporting early-stage decentralised and open source blockchain and DeFi projects. Founded in 2016 and publicly traded in London on the Apex segment of the AQSE Growth Market (KR1: AQSE), KR1 has built a notable reputation for generating significant returns by investing in many key projects that are designed to power the decentralised platforms and protocols that are emerging to form new internet infrastructures.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

a d v e r t i s e m e n t