TIDMNFT

RNS Number : 4720E

NFT Investments PLC

30 June 2023

Press Release

30 June 2023

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

NFT Investments PLC

("NFT Investments" or "the Company")

Q2 Crypto Holdings Trading Update

NFT Investments (AQSE: NFT), an investment firm, announced on 20 March 2023 its intention to publish Quarterly Trading Updates in advance of the liquidation of its Crypto holdings and to return value to its shareholders by way of a tender offer for its shares following the next BTC halving (expected in April 2024).

Crypto Holdings June 2023 Quarter Update

The Company has unaudited Crypto and Stablecoin assets with a valuation of GBP27.4 million (2.72p per share) as at 29 June 2023. The major components of this are as follows:

Token Quantity Valuation (GBPm)

 
 Bitcoin          BTC            626     15.1 
 Ethereum         ETH           6,794    10.0 
                 -----------  --------  ----- 
 Optimism         OP           732,899   0.7 
                 -----------  --------  ----- 
 Lido Dao         LDO          396,144   0.6 
                 -----------  --------  ----- 
 Cosmos           ATOM         57,902    0.4 
                 -----------  --------  ----- 
 Near Protocol    NEAR         225,362   0.2 
                 -----------  --------  ----- 
 Stablecoins      USDT/USDC    503,220   0.4 
                 -----------  --------  ----- 
 

Total Company NAV June 2023 Quarter Update

The Company has unaudited Crypto, Stablecoin, Cash and Equity Investments with a valuation of GBP33.6m (3.34p per share) as at 29 June 2023. The components are as follows:

 
 Crypto and Stablecoins   GBP27.4m 
 Cash                     GBP2.4m 
                         --------- 
 Equity Investments       GBP3.8m 
                         --------- 
 

The Directors of NFT Investments PLC take responsibility for this announcement.

For further information please contact:

 
 NFT Investments 
 Jonathan Bixby 
  Executive Chairman    +44 7876 888 011 
                       ----------------- 
 First Sentinel 
                       ----------------- 
 Corporate Adviser 
  Brian Stockbridge     +44 7876 888 011 
                       ----------------- 
 Tennyson Securities 
                       ----------------- 
 Corporate Broker 
  Peter Krens           +44 207 186 9030 
                       ----------------- 
 

About NFT Investments:

NFT Investments PLC invests in a diversified portfolio of cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. NFT Investments is headquartered in London, UK and its shares are listed on the Aquis Stock Exchange Growth Market under the ticker

symbol NFT.   https://www.nftinvest.pro/ 

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END

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June 30, 2023 02:03 ET (06:03 GMT)

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