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Cryptology Asset Group PLC:

DGAP-News: Cryptology Asset Group PLC / Key word(s): Investment/Cryptocurrency / Blockchain Cryptology Asset Group PLC: 24.06.2021 / 09:24 The issuer is solely responsible for the content of this announcement. PRESS RELEASE

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Cryptology Asset Group p.l.c. ("Cryptology")
Malta, 24.06.2021

Cryptology Asset Group Purchases Additional Block.one Shares in the amount of $49 million

Block.one, one of the world's largest Bitcoin holders, recently unveiled their new cryptocurrency exchange launching in 2021, Bullish

 

Malta, 24.06.2021. Cryptology Asset Group (ISIN: MT0001770107; Ticker: CAP:GR), a leading European investment company for blockchain- and crypto-related businesses, founded by Christian Angermayer and Mike Novogratz, announced it has purchased an additional $49 million worth of Block.one shares in a private transaction.

Block.one and many prominent investors recently unveiled a new subsidiary, Bullish Global, which raised $10B in funding. Bullish Global is focused on the 2021 planned release of Bullish, a new blockchain-based cryptocurrency exchange. Investors in Bullish Global additional to Block.One include Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Mike Novogratz, Christian Angermayer, and Nomura. By purchasing additional Block.one shares, Cryptology increases its indirect exposure to Bullish.

Cryptology already is one of the largest institutional investors in Block.one, now holding approx. 4.9% of the crypto behemoth. As Block.one is a privately held company, one of the only means for public market investors to gain exposure to it is indirectly through holding the publicly traded shares of Cryptology.

Cryptology founding investor, Christian Angermayer, said "Block.one is one of the most powerful, driving forces of the crypto revolution and its CEO, Brendan Blumer, is one of crypto's leading visionaries. The caliber of investors Brendan has been able to bring together for Bullish Global is astounding and a testament to his gravitas. I am Bullish on the future of Block.one."