RE: KR1 & NAV25 Oct 2021 17:55
Also most of the assets are hyper liquid and could effectively be sold at spot instantly. Not so for many other micro cap equity funds, many of which have investments that aren't even quoted. Are other crypto 'funds' trading at a discount? I don't think so. Given KR1 is reinvesting in seed rounds of upcoming DEFI altcoins I would argue this should be at more of a premium than other crypto funds. I have current NAV of listed investment plus book value of equity stakes at 205.4p right now whilst Total2 which is the market cap of all cryptos ex-BTC is on the verge of a massive bullish breakout, yet we have some chump dumping a huge amount of KR1 under 160p. Are they completely clueless? 4 years ago at this precise point in the BTC halving cycle cryptos broke out and went completely bananas to the upside. GLA