RATE Group | KR1 PLC reassures investors, says long-term investment approach ‘unchanged’ after Bitcoi…
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KR1 PLC reassures investors, says long-term investment approach ‘unchanged’ after Bitcoi…

13 Mar KR1 PLC reassures investors, says long-term investment approach ‘unchanged’ after Bitcoi…

Posted at 13:19h in Bitcoin News by

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“Our long-term outlook remains strong, and when confidence eventually returns…we expect crypto markets to maintain their overall upwards trajectory as demonstrated over the last few years”, said managing director George McDonaugh

() has said its long-term investment strategy “remains unchanged” after what it said were extremely volatile markets for Bitcoin and other cryptocurrencies on Thursday.

The blockchain and crypto investment firm said it wanted to “assure shareholders that none of KR1’s assets were liquidated or threatened by the extreme volatility”, however, as expected, the portfolio experienced a price shock of the underlying assets throughout the night which had slightly recovered by Friday morning.

WATCH: KR1 PLC adds three new investments to its blockchain technology portfolio

KR1 added that it will also provide an update on its staking activities “shortly”, saying the strategy had been “performing very well” with most proceeds realised in…

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