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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% - Seite 2

 

Positive market environment for cryptocurrencies

 

The cryptocurrency market has experienced an impressive upswing, with Bitcoin and Ethereum taking the lead. Bitcoin has surpassed the USD 52,000 mark, reaching a two-year high, representing a 157% increase in 2023 and a further 24% increase since the beginning of 2024. Ethereum also saw remarkable growth, trading near USD 2,800 and surpassing its mid-January peak to reach its best level since May 2022.

 

The company assumes that the positive market development and the effects of the Bitcoin halving, which is expected in April 2024, will continue to drive the growth of the global Advanced Blockchain portfolio. The team is committed in continuing to seek for new investment opportunities and to further difersify it’s portfolio of “global champions” in web3.

 

The full list of the top ten portfolio assets will be made available within the next couple of weeks in an updated version of the investor presentation under the "Investor Relations" section on the website, as well as in the 2023 annual report.

 

 

 

About Advanced Blockchain AG:

Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive network of analysts, developers, programmers, economists, and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovating in different ecosystems and markets of the industry.

For more information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.

Contact:
[e-mail]

 

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21.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Advanced Blockchain AG
	Scharnhorststraße 24
	10115 Berlin
	Germany
Phone:	[phone]
Fax:	030403669511
E-mail:	[e-mail]
Internet:	www.advancedblockchain.com
ISIN:	DE000A0M93V6
WKN:	A0M93V
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1841521