Business
Half-Year Results
Half-Year Results.
About this update from Stack Btc Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nKASEI DIGITAL ASSETS PLC(\"Kasei\" or the \"Company\")Half-Year Results\nKasei Digital Assets PLC (AQSE: KASH), a digital asset and web 3.0 investment company, announces its unaudited Half-Year results for the six months ended 31 January 2024. The full unaudited financial statements will be uploaded to the Company website:https://kaseidigitalassets.com Period Highlights During the period the Company has taken advantage of market turbulence to add to core positions as well as incept new opportunistic trades. The Company added to its position in the Grayscale Bitcoin Investment Trust at significant discounts to NAV as well as averaging down on high conviction holdings. The overall market recovery helped the digital assets the Company held increase by over £600,000 to £1,980,104. In addition the Company also grew its income from staking and yield generation. Post Period Highlights Following the approval of spot BTC ETF’s in January the Company closed its position in GBTC and rolled some of the profits into spot BTC. The significant inflows generated by the ETF launches has led to an appreciation in NAV to £3,684,327.83 as at 31 March 2024. Staking rewards and income from yield generating strategies are also expected to be markedly higher this year with spot prices at current levels. Outlook Our portfolio as of 31 March 2024 is as follows: \t\t\t\t\t\t\t\t\tAsset\t\t\t\t\t\t\t\t\tQuantity\t\t\t\t\t\t\t\t\tPrice\t\t\t\t\t\t\t\t\tValuation\t\t\t\t\t\t\t\t\t\t\t\t\tBTC\t\t\t\t\t\t\t\t\t29.50\t\t\t\t\t\t\t\t\t$70,858.00\t\t\t\t\t\t\t\t\t$2,090,311\t\t\t\t\t\t\t\t\t\t\t\t\tETH\t\t\t\t\t\t\t\t\t262.93\t\t\t\t\t\t\t\t\t$3,624.00\t\t\t\t\t\t\t\t\t$952,858\t\t\t\t\t\t\t\t\t\t\t\t\tLINK\t\t\t\t\t\t\t\t\t4,990.00\t\t\t\t\t\t\t\t\t$19.02\t\t\t\t\t\t\t\t\t$94,910\t\t\t\t\t\t\t\t\t\t\t\t\tSOL\t\t\t\t\t\t\t\t\t1,000.00\t\t\t\t\t\t\t\t\t$199.72\t\t\t\t\t\t\t\t\t$199,720\t\t\t\t\t\t\t\t\t\t\t\t\tAR\t\t\t\t\t\t\t\t\t2,500.00\t\t\t\t\t\t\t\t\t$38.54\t\t\t\t\t\t\t\t\t$96,350\t\t\t\t\t\t\t\t\t\t\t\t\tALGO\t\t\t\t\t\t\t\t\t13,061.58\t\t\t\t\t\t\t\t\t$0.26\t\t\t\t\t\t\t\t\t$3,455\t\t\t\t\t\t\t\t\t\t\t\t\tAVAX\t\t\t\t\t\t\t\t\t1,026.71\t\t\t\t\t\t\t\t\t$53.72\t\t\t\t\t\t\t\t\t$55,155\t\t\t\t\t\t\t\t\t\t\t\t\tQNT\t\t\t\t\t\t\t\t\t2,500.00\t\t\t\t\t\t\t\t\t$133.07\t\t\t\t\t\t\t\t\t$33...