RE: COIN Treasury Update3 Nov 2021 20:07
From Aquis the Market Cap is £13,630,362
Crypto-assets Treasury Status
As of 3 November 2021, the USD value of Coinsilium's vesting and fully vested crypto-asset treasury, excluding cash at bank, stood at $4,220,495.
The Company's crypto-asset holdings are predominantly denominated in highly liquid cryptocurrencies with holdings in Bitcoin (BTC) and Ether (ETH) representing approximately 82.8% (approximately USD3.49m) of its fully vested crypto-assets. The remaining 17.2% is predominantly made up of RSK Infrastructure Framework (RIF) and Indorse (IND).
Since the last update provided by the Company in its interim accounts published on 30 September 2021 which reported the value of crypto-assets held as of 30 June 2021, Coinsilium's fully vested and vesting crypto-assets treasury position has increased in value by approximately 113%, from USD1,960,885, reflecting the strong performance of Bitcoin and Ether, which both hit all-time high levels last month, and the overall increase in global cryptocurrency markets which are now valued at approximately USD2.74T.
We are also extremely pleased to note the recent strength in the IND token price ahead of the launch of their BlockBots 'play to earn' NFT game. It is expected that future demand for IND will be further enhanced by the role that the token is set to play within BlockBots as the native cryptocurrency for in-game purchases. The IND token is currently trading at US$ 0.071 representing an increase of 260% compared to the previous corresponding 30-day period. Coinsilium holds 5.35m IND, representing 14.12% of current circulating supply, with a current market value of approx US$385,192.
Executive Chairman Malcolm Palle commented; "The ongoing strength in the cryptocurrency markets continues to be reflected in the robust growth of our crypto-asset treasury holdings and significantly bolsters our cash position. As investors are aware, most of our cryptocurrency reserves have been derived from revenues originally generated from our advisory work and from bonuses associated with the investments we have made. As our venture and investment activities ramp up, our focus now is to ensure that these resources continue to be managed wisely and in the most effective way to optimise the company's growth trajectory."