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Agreed and this is exactly the admirable method of managing this company. They sell only what they feel and retain the rest. Never greedy but focussed with their vision and mission. I know some may not like the "D" word but would be nice to get a dividend! BTW, this is only one of the investments and I did scroll through their RNS but must confess I missed this. No disrespect to BlackRock and KKR and other brilliantly run PE/VC multibillion guys but how nice to be viewed in that regard for BC eh. It closed up 12% in US but agreed, hope for a similar 15% close, 2.00 would be nice! I think its a worthwhile LT hold and happy for them to stay under the radar for now and find a floor before transferring their listing, not sure if that is a good thing as liquidity may involve more volatility but must think of the greater good I suppose because easier to sell if more liquid. Anyhoo, await some further ground breaking news. GLA
...its looking like the BODs foresight, early adopter investment strategy and plain 'bravery' in those early days (2016) is starting bearing fruit... ...yet it's only in its infancy still, much more of the journey yet to be travelled...
GLA KR1 holders....
Fingers crossed!
Another 10-15% day would do nicely.
Jonny’s mangos! Cheers for that, so that RNS is not priced in then. Should be a nice tick up in the morning then IMO
Easyells, yes, 17:38 I got a notification from Vox.
Cheers Botak, so this RNS was released after hours ? I can’t see a time stamp on it
The Company recently received the Stake DAO tokens as early contributors following KR1’s initial investment into the ‘Flying Carpet’ project, announced on 3 July 2018,
KR1 continues to hold a remaining position of 700,365.83 SDT in the Stake DAO project,
ANOTHER Freebi Currently worth in the region of $9 Million
Anybody know of another fund that generates untold Millions of $ as Gifts ? Also Kusama
I stand in awe at there business acumen , No wonder they are Europe's Number 1 Crypto Blockchain Fund ,The competition are nowhere near this caliber and never will be as KR1 ventures date back to 2016
http://www.investegate.co.uk/kr1-plc/kr1/portfolio-update--stake-dao/20210301173811P148D/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=KR1%20Plc%20Alert
KR1 plc (AQSE:KR1), a leading digital asset investment company, is pleased to announce that the Company has sold 19,634.15 SDT tokens in the Stake DAO (“SDT”) project at an average price of US$13.02 per SDT token, generating proceeds of US$255,541.98.
Stake DAO is an on-chain decentralised finance (‘DeFi’) aggregator and interface, which allows users to deposit funds into various innovative DeFi strategies created or curated by the Stake DAO community.
The Company recently received the Stake DAO tokens as early contributors following KR1’s initial investment into the ‘Flying Carpet’ project, announced on 3 July 2018, whose founding team experimented with different blockchain business models and shifted their attention to innovating in the decentralised finance and staking ecosystem over the past years, bringing Stake DAO to life.
KR1 continues to hold a remaining position of 700,365.83 SDT in the Stake DAO project, which is vesting linearly over the next 23 months. This gradual vesting impacts the liquidity of the Stake DAO SDT and therefore the market value of the Company’s holding. The same is true of other illiquid assets in the Company’s portfolio, particularly the holding of Lido’s LDO token announced on 16 December 2020.