Strong start into the year 2024
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EQS-News: Advanced Blockchain AG
/ Key word(s): Cryptocurrency / Blockchain/Miscellaneous
Advanced Blockchain AG: Strong start into the year 2024
April 16, 2024 – Advanced Blockchain AG ("AB", Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in the blockchain industry, has started the financial year 2024 with a strong performance. The company has successfully sold assets, yielding proceeds exceeding €1 million in the current financial year and more than €3 million over the past 10 months. These assets were divested with significant profits including token airdrops acquired through a subsidiary. As of April 15, 2024, Advanced Blockchain records a cash balance on wallets and bank accounts exceeding €2 million. The new capital will fuel Advanced Blockchain's strategic expansion initiatives and support further investments. Notably, the company acquired token rights for Celestia (TIA) tokens, already yielding a remarkable book-profit exceeding ten times the initial investment. In line with its growth trajectory, Advanced Blockchain is actively recruiting talent to bolster its workforce and advance the development of ABX Analytics. This AI-driven data and research platform will empower investors to identify promising web3 projects across various sectors. The first version of the platform is expected to go live in 2024. Simon Telian, CEO of AB, comments: "Our team's unwavering dedication has been instrumental in delivering these results. With the evolving market sentiment and the imminent Bitcoin halving, we find ourselves well-placed to capitalize on opportunities at the convergence of blockchain interoperability, modular technologies, DePIN, AI, and other promising application domains. Concurrently, we remain steadfast in our commitment to our shareholders, prioritizing the establishment of a robust financial foundation for the group." The Advanced Blockchain Management team will attend the TOKEN2049 conference this week in Dubai and the Crypto Valley Conference in June in Switzerland. The date for the Annual General Meeting (AGM) will be published in the next couple of weeks.
About Advanced Blockchain AG: For more information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.
16.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Advanced Blockchain AG |
| Scharnhorststraße 24 | |
| 10115 Berlin | |
| Germany | |
| Phone: | +4930403669510 |
| Fax: | 030403669511 |
| E-mail: | info@advancedblockchain.com |
| Internet: | www.advancedblockchain.com |
| ISIN: | DE000A0M93V6 |
| WKN: | A0M93V |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1881591 |
| End of News | EQS News Service |
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1881591 16.04.2024 CET/CEST
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