Member Info for Brassneck

Coverage on KR1 and Coin
https://zakmir.com/the-best-of-the-aquis-exchange-ytd-ana-coin-kr1-life-vlrm/#gs.xahm5t

Thanks for that Big Dave

Sorry, Q3 should have said that unlike DOT the staking update for ATOM didn't include the level of their total holding

I'm trying to get a clearer view of KR1's portfolio of assets. Hopefully someone who has been here much longer than me (or just better at finding stuuf on the web) can answer the following three questions:
1. What number of Etherium do they hold? I can see they have staked two separate lots of 1,000 and 1,232 but it never says their total holding (and the timing of the two stakes mean it could have been the same 1000).
2. Do they hold any BTC?
3. What is their holding of ATOM? Again i can see they sold 70k some time ago and still carry out ATOM staking but unlike ETH it doesn't mention the level of the ATOM holding

Any help would be appreciated

It's been remarkably stable the last day or so. So much for the max pain point at $44k.

Hopefully this will mean we don't go through this sort of cycle every month when options expire and people can focus on long term investment rather than trying to trade volatility (of which there is enough in BTC anyway!)

Yes I'm one of that crowd too

I take it that if BTC holds at 52-53k through options expiry later today that will be a material bullish indicator for the month ahead.

That would place us well for a trading update on 6/7 April

Yes Aaron but the initial Tidal launch still going and now 3.9c

Yes, 4.6c now so KR1 holding worth $10m, not bad for $200k investment

Good day today, topped up ARB at £2.03 and now KR1 at £1.69. Short term volatility nothing to worry about.

two lots secured £2k and £2.2k

This does look huge. If Tidal gets priced at 1c then KR1 are up 10x on their investment, plus the ability for staking revenues on their 222m holding.

If it's 500x subscribed it feels like the Tidal token will be valued at more than 1c!

I've topped up a couple of times today and am about to again on the back of the maths here. I assume KR1 don't currrently recognise any NAV against their investment in Tidal beyond the $200k initial investment?

Yeah, I use Eqi who have been excellent on this and KR1. Always get a price to accept or reject rather than fill or kill at an unknown price.

Happy to get a couple of early morning buys in before seeing your post Phoebus. Both the early trades were my buys, very happy at 28.25p

Looks like we’re heading for 65k tonight, 70k tomorrow, 80k Sunday and 54k 7.55am Monday!

Good luck all

I did the opposite yesterday Liam, jumped in first thing and then saw the price fall 10-20% through the day... but very happy with my 20p entry now!!!!

Just added a few more in a couple of trades at 29.6 as looking like this could do very well for buy and hold so the odd 9p here or there won't really matter

The placing is already priced in so no reason for shares to go down or up when they actually are listed. If people decide to sell their shares and pocket a c20% gain they may dip for a short period. The share price took the hit on Tuesday, which is why the price didn’t shoot up to c£2.80 when Bitcoin jumped from 50k to 54k. The discounted placing brought the effective price down.

Just either hold or sell based on your view of whether you think Bitcoin will rise and whether ARB will deliver on their strategy for the business.

fatherelmer, don't forget also that under the deal the monthly costs reduce in % terms as the price rises so they keep a higher share of the gross amount. At 60p the fees are 7.4% compared to 9.6% at 40p. So the cash value goes up and the keep more too.

I suspect it is people moving in to tech shares that is driving the market up combined with some shorts closing. I certainly don't buy news/insider trading stuff. VRS have always been watertight on news with no leaks and have been keen to ensure private shareholders are not disadvantaged vs some of the reported goings on in the City - I suspect that's why they did the Lanstead deal instead of a normal placing.

If the rise can be sustained that will look like a very clever strategy.

Yes, as soon as the first major commercial deal is announced with ongoing revenue eg AECOM arch orders in US, UK or China, Nike or Under Armour product launch, Unilever packaging, Oil&Gas major for down hole drilling, Winsun for concrete. Any of these could drop in the next 6 months