NFT Investments PLC Q1 Crypto Holdings Trading Update (0514V)

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RNS Number : 0514V

NFT Investments PLC

03 April 2023

Press Release

3 April 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")

Q1 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

The Company has unaudited Crypto assets with a valuation of GBP27.8 million (2.77p per share) as at 2 April 2023. The major components of this are as follows:

Token Quantity Valuation (GBPm)

 
 Bitcoin          BTC       626     14.3 
 Ethereum         ETH      6,794    10.0 
                 ------  --------  ----- 
 Optimism         OP      732,899   1.4 
                 ------  --------  ----- 
 Lido Dao         LDO     396,144   0.8 
                 ------  --------  ----- 
 Cosmos           ATOM    57,902    0.5 
                 ------  --------  ----- 
 Near Protocol    NEAR    225,362   0.4 
                 ------  --------  ----- 
 Flow             FLOW    478,554   0.3 
                 ------  --------  ----- 
 Polkadot         DOT     23,133    0.1 
                 ------  --------  ----- 
 

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

For further information please contact:

 
 NFT Investments 
 Jonathan Bixby 
  Executive Chairman    [phone] 
                       ----------------- 
 First Sentinel 
                       ----------------- 
 Corporate Adviser 
  Brian Stockbridge     [phone] 
                       ----------------- 
 Tennyson Securities 
                       ----------------- 
 Corporate Broker 
  Peter Krens           [phone] 
                       ----------------- 
 

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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April 03, 2023 02:00 ET (06:00 GMT)