KR1 NAV doubles as Bitcoin nears a record high
The Bitcoin ETFs and the impending halving of the cryptocurrency have had the effect of lifting ‘all-boats’ in the digital space. This is having a positive effect on proxies all around the world, such as Aquis-listed KR1.
It’s seen its net asset value (NAV) more than double since it released its interims last summer and, according to the co-founder and managing director George McDonaugh, is likely to continue as the Bitcoin halving approaches. He gives an appraisal as to why this halving will have a special effect this time around. Listen in to what KR1 is doing to enable investors to take a part in this space.
(AI Video Summary)
About KR1 and what they specialise in
KR1 is a company that lets people invest in the world of cryptocurrency. They invest in digital assets related to decentralized applications, which are all about improving blockchain technology and finance. Instead of buying stock in these projects, KR1 buys their digital assets. If these projects become successful, the value of the digital assets goes up, which means investors can make money. KR1 also invests in proof-of-stake networks, which earn money for investors.
The value of Bitcoin has been going up lately, and that has had a positive impact on KR1's assets. Bitcoin's rising popularity has sparked interest in other digital assets, and KR1 gives investors a chance to be a part of this new and exciting area of the economy.
KR1's project investments
KR1 has invested in several important projects, like Celestia, Cosmos, Polkadot, and Lido. These projects all have different roles in the blockchain world. For example, Celestia helps blockchains process information faster.
KR1 is always looking for new projects to invest in and keeps an eye on their current investments. They aim to grow and make their shareholders happy. They think that the upcoming halving in Bitcoin, which means fewer Bitcoins will be available, might cause the price of Bitcoin to go up.
Overall, KR1's goal is to make money for investors by investing in digital assets and earning money from them. As the cryptocurrency market changes, they might focus more on bigger investments in proof-of-stake networks. But they always stick to their long-term plan.
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