EQS-News

Correction of a release from 21/02/2024, 07:29 CET/CEST - Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45%

EQS-News: Advanced Blockchain AG / Key word(s): Investment/Cryptocurrency / Blockchain Correction of a release from 21/02/2024, 07:29 CET/CEST - Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45% 21.02.2024 / 07:51 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain AG: Value of group’s top ten portfolio holdings increases by 45%

 

• Total value of the group’s top ten holdings up to €57.5million (FY 2023: €39.65 million)
• Further investment successes expected in 2024 

 

 

21 February 2024 – Advanced Blockchain AG (“AB”, Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry, has significantly increased the value of its 2023 portfolio. The current valuation of the top ten portfolio assets by the independent appraiser AVS-Valuation GmbH resulted in a total valuation of €57.5 million as of December 31, 2023. This corresponds to an increase of 45% compared to May 31, 2023, where the valuation was €39.65 million. This underlines the continuous strategic efforts of Advanced Blockchain AG and its position as an innovation leader in the industry.

 

Simon Telian, CEO of AB, comments: "The significant increase in valuation reflects the positive market momentum and, in particular, the outstanding progress made by our portfolio companies and the success of our investment strategy. We are more committed than ever to further sharpening our investment strategy, seizing new opportunities in the blockchain industry and advancing our vision of innovation and sustainable growth."

 

Rüdiger Günther, Chairman of the Supervisory Board of AB, comments: “Many of our portfolio companies showed extraordinary growth raising growth capital within Series A / B financing rounds. I am more convinced than ever that Advanced Blockchain will continue to benefit from the success of these companies and capitalize on this momentum. Through an investment in Advanced Blockchain, investors gain the unique opportunity to invest indirectly in these companies and participate very early on in their growth journey."