Treasury Update20 Jan 2021 10:49
Update on Treasury
https://irpages2.eqs.com/websites/coinsilium/English/21/news-tool---rns---eqs-group.html?iframe=true&newsID=2058432
Cryptocurrency Treasury Status
As of 20 January 2021, the USD value of Coinsilium's fully vested cryptocurrency and token treasury, excluding cash at bank, stood at USD1,512,822. This is predominantly denominated in highly liquid cryptocurrencies and tokens including BTC, ETH, ICX and RIF. In addition to Coinsilium's current cryptocurrency and token treasury position, there is also a further USD163,890.06, denominated in RIF tokens, which will vest monthly over the forthcoming 22 months.
Since the last update provided by the Company on 21 December 2020, Coinsilium's crypto treasury position has increased in value by approximately 40% reflecting the ongoing buoyancy in the global cryptocurrency markets.
The value of Coinsilium's fully vested and vesting RIF tokens (the IOV Labs RSK ecosystem tokens) continues to grow, helped in part by the RIF token's debut listing on Binance.com, the world's largest cryptocurrency exchange, on 7 January 2021. The RIF token is currently trading at around US$0.185c, representing a c45% price increase in the last month alone.
The Company continues to actively manage its cryptocurrency portfolio and has adapted its treasury management strategy to maximise returns in the current highly active market cycle.