Value of peaq Stake Rises to Over 54 Million USD
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EQS-News: Advanced Blockchain AG
/ Key word(s): Cryptocurrency / Blockchain
Advanced Blockchain AG: Value of peaq Stake Rises to Over 54 Million USD Berlin, December 13, 2024 – Advanced Blockchain AG (“AB”, Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in the blockchain industry, announces the successful price development of peaq following its recent token launch. Peaq is one of Advanced Blockchain’s first incubations and has become a leading platform in the field of Decentralized Physical Infrastructure Networks (DePIN). For its incubation efforts, Advanced Blockchain received peaq tokens representing 2.1% of the total token supply. At the time of the token launch, the peaq token was priced at approximately 0.25 USD, valuing Advanced Blockchain's stake at around 22 million USD. On December 10, the peaq token reached an all-time high of 0.75 USD per token. With the current price at 0.60 USD (as of December 13, 2024), the value of this token stake is now approximately 54 million USD. The fully diluted valuation (FDV) of peaq currently stands at nearly 2.5 billion USD, emphasizing the project’s long-term growth potential. Notably, peaq has outperformed other token launches. Maik Laske, CFO of Advanced Blockchain AG, commented: "The value of our stake in peaq already far exceeds the current market capitalization of our stock, highlighting the strong potential of our portfolio. At the same time, peaq is just one of many promising blockchain projects we actively support. Among other activities, we will intensify our investor relations efforts to close the gap between the value of our assets under management (AUM) and our market capitalization."
For more information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.
13.12.2024 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: | +4930403669511 |
| 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: | 2050519 |
| End of News | EQS News Service |
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2050519 13.12.2024 CET/CEST
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