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In the cold light of day, KR1 doesnt cater for fashion of the week. First the
AI crypto sector ran , now its the meme names that are at the forefront.
Because DOT a bit slow off the mark, its satellites have been extinguished
too. But look at the Solana moons - Bonk, Raydium, Pyth, Orca etc - all making
up ground quite quickly now that SOL has left the station. The next few weeks
should see similar action in the DOT stable. Alts like MOVR and GLMR can move
up 500 % in a week - when enough ducks are lined up. Still early in the cycle &
plenty of time to play catch-up.
It’s constituents ran, maybe pausing for breath before next push up.
Becoming extremely tedious holding KR1 of late ,The SP has been in the grips of manipulation for months now without any respite , The Crypto Market Cat has swollen by around $800 billion in couple of weeks , KR1 responds with negative territory ,If the SP cant track the momentum during massive in coming then what next for KR1 SP ? The HNW & Institutional continue to churn , What incentive to let it go ?
Although our NAV hasn't really changed that much over the last few weeks it is great to see less weight in TIA. Obviously it would be great if that went up as well but it is nice to see some pressure taken off one asset.
On our NAV we have these 3 obscure investments. By obscure I mean personally I dont understand how they get a NAV for them or how they fit in. These are ERC20 ; FOAM and Z Prime II. Grateful for anyone to enlighten me why they are totalling approx £6m or their prospects
DOT logo
Polkadot
DOT
$9.86
6.54% 7.76% 27.49%
KR1 plc (KR1:ASE), a leading digital asset investment company, is pleased to announce its unaudited net asset value ("NAV") as at 31 January 2024.
Net Asset Value £218,119,989
Shares in issue 177,369,520
NAV per share 122.97p
GBP/USD rate (as at 31 January 2024) 1.2679
Income from digital assets (*) £1,800,310(*)
Top 10 assets/holdings
Asset GBP equivalent % of portfolio
Celestia ("TIA") £95,774,998 43.91%
Lido ("LDO") £26,772,635 12.27%
Polkadot ("DOT") £23,688,678 10.86%
Cosmos ("ATOM") £12,180,566 5.58%
Lido Staked ETH ("stETH") £9,552,566 4.38%
Astar ("ASTR") £9,493,896 4.35%
Zee Prime II £5,154,841 2.36%
Rocket Pool ("RPL") £4,526,603 2.08%
Moonbeam ("GLMR") £4,299,527 1.97%
Nexus Mutual ("NXM") (**) £4,158,250 1.91%
(*) For the purposes of KR1’s monthly unaudited NAV update, 'Income from digital assets' is defined as the aggregate income from staking rewards and parachain rewards for the relevant monthly period and excludes any other forms of income.
(**) For the purposes of asset valuation, the fair value of NXM is established according to the price of Wrapped NXM ("wNXM").
Miners are going to get wrecked in the halving in my opinion, where KR1 gets to benefit from all the upside and none of the downside.
Redstone is coming. It should do well. Have a look at that.
BTC falls 2.5 %, US miners fall about 15 % , aka Bitcoin sniffles once
or twice ...miners catch bubonic plague ! Maybe a bit of reckoning
going on in the minds of speculators regarding impact of halving ...
but dont count on it. Personally, I'd love to see Mara back at 6 bucks....
time to back up the truck AND bet the ranch at that point : )
Https://www.bitcoinmarketjournal.com/best-crypto-staking-yields/
Cracking investment vehicle this, may be a little responsible for the OTC pink sheet KROEF volume.
As in a group of 5000 chartists, investors and traders worldwide but mainly from North America.
I am honestly not trying to ramp to them, but can’t help but comment to them all, where else do you get access to Venture capitalists with decades of experience in a capital gains free tax wrapper with exposure to the alternative cryptocurrency market.
And neither do you or are you just downright rude or cant count because you have missed at least 2 off your list !!! and I dont claim to be right on this sort of stuff all the time. I have been looking at BMI for what its worth and all I say is DYOR and keep healthy
Polkadot is number 13 on coinmarketcap, the only crypto's ahead of it which aren't stablecoins or the big 2 are #12 Chainlink, #11 Tron, #10 Avalanche, #9 Doge, #8Cardano, #6 XRP, #5 Solana, that order hasn't changed for a long time, with Solana the last new entrant to the top 10 about 2 years ago?
So I'd politely say you don't have a clue what you are talking about :)
DOT now down to 16th place in NAV because has been overtaken by young upstarts that personally I know nothing about and this is our problem - competition. We have only about 16 holdings above $1m. In the wider world there are possibly over 100 cryptos having NAV over $1bn. Of these cryptos we only have 7 of these altogether. So there is miles more competition for crypto investment in more types than one may think and likely to increase unless we find another Tia. Who knows - I dont ?
Interesting bit on Polkadot. The last formally disclosed holding at 31/12/22 was 3,965,940 coins, up from 3.646,743 at 31/12/21, so they are HODLing all of staking yield they receive. At 31/01/24, their holding was valued at £23,688,678 based on a USD rate of 1.2679, so converted it was $30,034,875. At midnight on 31st Jan DOT was valued at $6.65, so their holding has swelled to 4,516,522 coins over the last 13 months, an extra 550k.
DOT hit $55 in the last Bull cycle and is currently threatening a major breakout at $8.76. Based on Twitter sentiment, it appears DOT is in a far stronger position now than it was back in 2021, so there would certainly be some justification for a return to it's ATH and beyond over the next few months.
At $55 KR1's holding would be worth $248m / £1.10 a share...
TAI is finally starting to wake up now, up 7% over the last 24 hours so hopefully that helps with pushing us forward
This price action is a gift from the heavens. I've switched some more
winnings over from MSTR, and previously COIN to KR1. Crypto will sell
off , probably sooner than later, but KR1 will sell off less than the others.
We had a couple of wild up dates on the pink sheets, 35 % gain in the US on
Tues ,just as a teaser. This stock will spontaneously combust at some point,
just like 2021. For now though, just sit back and enjoy the slow grind up.
BTW, charts not everything, but the daily does look fabulous to my way of
thinking, KR1...what an absolute beaut you are !
We are clearly dependent for our sp on TIA so a potential drop in TIA is spooking our sp.
However a TIA spike can happen. Our Minors to Majors can also happen but the rest of the fold always seem to lag behind what happens to BTC. Cant understand the amount of money gone into Zee Prime II too and why the investment income is not put into the stronger cryptos unless they cant do it legally for some reason.
Lagging behind along with Coinsilium. It will come just give it time, well done to everyone still holding 💪
Totally under valued. No were near the price this should be at right now. I'm actually worried why this hasn't risen over the past 2 days. We should have seen more of a leg up over £1.30 at least.
Amy ideas why we are lagging is welcome?
Yes doubled from the end of Dec 23 Rns nav update.
£1,800,310 income from digital assets last month. Nice little earner.
It's DOT, ATOM, ICP & Lido which will re-rate this towards £5. Alts will rally in the next few months, the only questions appears to be how high they go...
Well BTC and ETH have momentum. BTC smashing 50$k. But TIA stuck around $17 and we need it going over $20 and beyond to get momentum in comparison
Yep, if we’re lucky.