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DJ KR1 plc Portfolio Update: Cosmos & Staking Yields

 
TIDMKR1 
 
KR1 Plc 
                           ("KR1" or the "Company") 
 
                   Portfolio Update: Cosmos & Staking Yields 
 
KR1 plc (NEX:KR1), a leading digital asset investment company, is pleased to 
announce that the Company has sold 70,079 tokens in the Cosmos Network ("ATOM") 
project at an average price of USD5.14 per token generating proceeds of 
USD360,605. These ATOM tokens were acquired at an average price of USD0.10 per 
ATOM token during the public ICO in early 2017. Cosmos was one of the Company's 
earliest investments and it is proving to be one its most successful to date. 
 
In addition, KR1 has generated a further 7,008 ATOM tokens from staking 
activities over the last four weeks, which it has sold at a price of USD6.93 
per token. Since the Cosmos network launch on 14 March 2019, KR1 has generated 
a total of over USD122,250 from staking yields and the Company continues to 
hold a large majority of its ATOM position, which will also be used in this 
way, generating revenues for the Company's operations going forward. 
 
George McDonaugh, Chief Executive Officer of KR1 commented: "We are delighted 
to provide investors with the news of this impressive return from one of the 
most exciting investments in our growing portfolio. The ATOM token has 
appreciated significantly in value over the last few weeks demonstrating that 
Cosmos is fast becoming a widely adopted blockchain protocol. The returns 
generated from our partial ATOM token disposals and staking activities will 
boost our asset base and enhance our investment capabilities even further. At 
the same time, KR1 retains a significant number of tokens which will allow the 
Company to passively generate revenues from staking activities. We believe that 
this is the correct strategy to pursue in the long-term." 
 
"As we continue to build an ever growing portfolio of blockchain and 
cryptocurrency investments, we remain one of the few publicly listed companies 
in the world that is invested in staking tokens and one of only a few 
investment companies that took part in the initial sale of Cosmos tokens, along 
with  investors such as Polychain, Dokia Capital and BKCM." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC 
George McDonaugh                            +44 (0)16 2467 6716 
Stephen Corran                              stephen@kr1.io 
 
Peterhouse Capital Limited (NEX Corporate 
Adviser)                                    +44 (0)20 7469 0934 
Fungai Ndoro 
Mark Anwyl 
 
Nominis Advisory Ltd (PR Adviser) 
Angus Campbell                              pr@kr1.io 
 
About KR1 plc 
 
KR1 is a leading digital asset investment company supporting early stage 
decentralised and open source blockchain projects. Founded in 2016 and publicly 
traded in London (NEX:KR1), KR1 has built a notable reputation for generating 
significant returns by investing in many key projects that are designed to 
power the decentralised platforms and protocols that are emerging to form new 
internet infrastructures. 
 
www.KR1.io 
 
 
 
END 
 

(END) Dow Jones Newswires

June 11, 2019 02:00 ET (06:00 GMT)