on Advanced Blockchain AG (isin : DE000A0M93V6)
Advanced Blockchain AG: Value of peaq Stake Rises to Over 54 Million USD
Advanced Blockchain AG, based in Berlin, has announced a significant increase in the value of its investment in peaq, a blockchain platform. The company holds a 2.1% stake in peaq, acquired through its incubation efforts. Initially valued at approximately 22 million USD during the peaq token launch, the stake's value has now reached around 54 million USD as of December 13, 2024, reflecting a substantial rise in token price.
The peaq token saw its price peak at 0.75 USD, with a current value of 0.60 USD. Peaq's fully diluted valuation stands at nearly 2.5 billion USD. This growth underscores Advanced Blockchain's successful investment strategy and its potential. CFO Maik Laske has highlighted how the peaq stake surpasses the current market capitalization of Advanced Blockchain AG’s stock.
R. H.
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