Blubird30 Jun 2026 18:58
From the Valereum EOY results:
“The Group also invested $900,000 during the year in a minority shareholding in Blubird Global Inc, a company providing mission-critical tools to Web3 start-ups and traditional Web 2 businesses migrating to Web3's blockchain technology. The Group agreed to a total potential investment of £1,857,217, subject to various conditions, of which $900,000 was advanced during 2025. The Directors assessed the fair value to be £nil due to the absence of observable market transactions, fundraising activity not sufficiently advanced to support a valuation at the reporting date. Accordingly, the investment was fully impaired at 31 December 2025“
Backs up my point that nothing Blubird claim to have tokenised is auditable.