Cryptology , the blockchain and cryptocurrency investment company , successfully completes its capital increase
Home FINANCE Cryptology , the blockchain and cryptocurrency investment company , successfully completes its capital increase

Cryptology , the blockchain and cryptocurrency investment company , successfully completes its capital increase

Published by IT-technews

Cryptology assets Group plc ., a leading European investment company in blockchain and cryptocurrency- related business models , has successfully completed its cash capital increase by issuing 128,375 new shares and selling an additional 31,625 of its own shares to institutional investors. 

At a fixed price of €200.00 per share each, the Company will receive total gross proceeds of €32.0 million, which it will use to invest in new Cryptology portfolio companies . The Company is also looking at the possible acquisition of ‘ crypto -assets ‘, such as Bitcoin, as part of its treasury management strategy.

To finance further growth, Cryptology is also looking at various options to raise additional capital, such as through the issuance of a straight or convertible bond. ICF BANK AG has been commissioned to carry out a market study. Management will make the final decision on financing based on investor feedback and the market environment.

“It has been a very busy few months to start 2021 at Cryptology . We have made three new investments and have seen our net worth grow significantly, currently standing at a new all-time high of €243.54 as of our report yesterday’s weekly calculated net worth value,” said Patrick Lowry, CEO of Cryptology . “I look forward to continuing to grow Cryptology ‘s portfolio of companies with this new capital and am particularly excited that we are exploring managing portions of our treasury in Bitcoin and other leading ‘ crypto -assets ‘ as part of our overall strategy.”

“ Cryptology is benefiting greatly from the substantial increase in crypto asset adoption , and we are only just getting started. There is no doubt that Bitcoin will permanently establish itself as digital gold and a digital store of value. Our investors are participating in this exciting development. Through the recent investments and the successful capital increase, Cryptocurrency has once again strengthened its foundation for further growth,” added Christian Angermayer , founding investor at Cryptology .

Cryptology ‘s shares are currently listed on several German stock exchanges, such as Börse Düsseldorf, Gettex and Tradegate . In order to increase liquidity and open up to new groups of shareholders, Cryptology is studying the possibility of listing on the international market. Cryptology ‘s stock symbol has recently changed from 4UD to CAP.

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