Vinanz Limited Diversifying into Alternative Cryptocurrencies

RNS Number : 6073B

Vinanz Limited

01 February 2024

 

01 February 2024

 

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.

 

 

Vinanz Limited

 

("Vinanz" or "the Company")

 

Vinanz to Diversify into Alternative Cryptocurrencies

 

Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF), the innovative London-listed company known for its strategic Bitcoin mining operations across the US and Canada, is pleased to announce that it will start using a proportion of its Bitcoin generated from its mining operation on North America to diversify into the broader cryptocurrency market.

In a bold move to capitalise on the evolving digital asset landscape, Vinanz has decided to allocate a portion of its Bitcoin holdings into alternative cryptocurrency ecosystems focusing initially on Solana, Ethereum, and Cosmos. This diversification strategy is designed to enhance the Company's exposure to the burgeoning crypto market, leveraging the unique opportunities presented by staking, yielding, airdrop farming and venture investments on these highly advanced blockchains.

 

With the US SEC's acceptance of spot Bitcoin ETF's in recent weeks, Vinanz sees the emergence of these alternative blockchain ecosystems as an emerging globally accepted asset class and wants to create a vehicle that has strong exposure to these markets over time, a vehicle that could be potential listed on a stock exchange once it has gained enough size.

 

Solana, known for its high throughput and low transaction fees, offers an attractive ecosystem for developing decentralized applications (dApps). Ethereum's upcoming upgrades and its dominant position as a smart contract platform will make it a valuable addition to our portfolio. Cosmos, with its interoperability protocol, presents a unique opportunity to invest in the future of blockchain connectivity.

 

This diversification strategy is not just an expansion into new cryptocurrencies but a calculated approach to maximize returns through active participation in staking and yield-generating activities within these ecosystems. This not only diversifies the Company's investment portfolio but also aligns with our long-term vision to be at the forefront of blockchain innovation and adoption.

 

David Lenigas, Chairman of Vinanz, expressed enthusiasm about the new direction, stating;

 

"Investing a proportion of our hard earned Bitcoin into Solana, Ethereum, and Cosmos, along with other cutting-edge blockchains, makes sense with the big financial institutions finally recognising certain cryptocurrencies as a new and acceptable asset class and this diversification opens a gateway to a realm of unparalleled investment opportunities.

 

"We see some of the alternative cryptocurrencies gaining real traction through 2024 and an investment into these right now could potentially add real value to Vinanz's balance sheet. This strategic expansion goes beyond mere diversification; it's an embrace of the vibrant and dynamic possibilities that these technologies bring to the table. Our active participation in staking and yielding within these ecosystems is a testament to our dedication to capturing the most exciting opportunities in the blockchain space. We're not just broadening our portfolio; we also aim to secure our stakeholders a front-row seat to the future of finance and technology, and remarkable prospects for growth and innovation."

 

The Company is committed to providing regular updates on this new venture and its impact on our overall investment strategy and returns.

 

The Company's admission document is available to view on its website www.vinanz.co.uk

 

The directors of Vinanz Limited accept responsibility for this announcement.

 

For further information please contact:

 

Vinanz Limited
David Lenigas Jeremy Edelman	[e-mail] [e-mail]
First Sentinel (Corporate Adviser and Broker)
Brian Stockbridge	[e-mail] [phone]
Clear Capital Markets (Broker)
Bob Robert	[e-mail] [phone]

 

 

 

 

 

 

 

 

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