on Advanced Blockchain AG (isin : DE000A0M93V6)
Advanced Blockchain AG records a significant increase in the value of its portfolio
Advanced Blockchain AG, a leading blockchain industry incubator and investor, has seen the value of its top ten holdings increase by 45%. The total valuation now stands at 57.5 million euros at the end of 2023, up from 39.65 million euros at the end of May 2023. This progress underscores the company's ongoing strategic efforts and reinforces its position as an innovation leader in the sector.
Simon Telian, CEO, attributes this rise to the positive market dynamics and the success of portfolio companies. Rüdiger Günther, Chairman of the Supervisory Board, highlights the extraordinary growth of certain portfolio companies and sees this trend as further evidence of the profit potential that Advanced Blockchain offers to investors.
The favorable cryptocurrency market context, led by Bitcoin and Ethereum, is also contributing to this growth. The sector anticipates a positive impact from Bitcoin's scheduled halving in April 2024, prompting Advanced Blockchain to explore new investment opportunities.
R. P.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Advanced Blockchain AG news