Malta, 18.11.2021. 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 €12.86.
The surge in estimated NAV over the past few weeks was largely driven by Bitcoin reaching a new all-time high price as well as Northern Data shares skyrocketing. The firm released an ad-hoc last week that KPMG had issued an unqualified, or “clean” audit report for the audit ended Dec. 31, 2020, to which capital markets responded resoundingly positive.
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 €9.50, implying a nearly 50% discount to GBC’s price target.
Cryptology CEO, Patrick Lowry, said “Crypto markets have consolidated a bit but are still up significantly over the past few months. The resilience of Northern Data has had an immensely positive impact on our portfolio, and we are extremely happy for Aroosh, the firm’s CEO, and its team. There is a bright future on the horizon for crypto and the companies building the ecosystem, and the Cryptology portfolio is leading the pack.”
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
Tel.: +356 799 85 85 1