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.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market.
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
