Kasei
Digital Assets PLC
(`Kasei'
or the `Company')
Strategic
Review and Market Update
The Board of Kasei Digital Assets PLC (AQSE: KASH), a digital asset
and web 3.0 investment company, today announces a strategic review
of the future of the Company including its future as a quoted
company.
Background to the strategic review
Kasei Digital Assets PLC floated in November
2021 with the aim of providing investors access to the
fast-paced digital asset ecosystem.
That
goal was achieved and with good management of the risks inherent in
a digital portfolio, the Company weathered a series of hostile
market environments throughout 2022 and early 2023 that saw
bankruptcies and significant re-structuring across the
industry.
Since then, developments that have opened the asset class up to a
wider audience of investors, along with more clarity expected on
the regulatory front in the US, have driven a recent significant
improvement in performance and the Company's share
price.
The Board is however conscious of the fact that the costs
associated with the Company's current structure are negatively
affecting performance. In addition, the lack of liquidity in the
market is also a significant hindrance to current and prospective
shareholders.
The Board has therefore decided to conduct a full strategic review
of the future of the Company.
That review will include means to reduce the cost burden that
shareholders bear as a result of the Company's status as a public
and quoted Company, and which may therefore include the cessation
of the Company's listing on the Aquis Exchange and / or the return
of cash to shareholders.
There is no certainty of particular course of action at this
stage.
Further announcements as appropriate will be made in due
course.
Market update
2024 saw surging interest in the digital asset ecosystem beginning
with the listings of Bitcoin ETFs and culminating with the election
of the most pro-crypto US administration in history. The company
believes the asset class still presents a good opportunity but has
used recent strength to take profits in some positions. The
portfolio as at 31/12/24 was as
follows:
|
Underlying
|
Quantity
|
Price
|
Valuation
$
|
|
BTC
|
25
|
94,025.00
|
2,350,639
|
|
ETH
|
250
|
3,385.00
|
846,237
|
|
QNT
|
2,500
|
107.50
|
268,750
|
|
SOL
|
791
|
195.00
|
154,245
|
|
DAG
|
2,100,000
|
0.0525
|
110,250
|
|
LINK
|
3,750
|
20.75
|
77,813
|
|
AR
|
2,500
|
16.35
|
40,875
|
|
AVAX
|
1,000
|
36.50
|
36,500
|
|
HBAR
|
150,000
|
0.28
|
41,250
|
|
LTX
|
50,000
|
0.14
|
6,750
|
|
ADS
|
750,000
|
0.31
|
228,750
|
|
REALITY
|
|
|
100,000
|
|
Cash
|
|
|
782,167
|
|
Total
|
|
|
5,044,226
|
For further information please contact:
|
Kasei
Digital Assets PLC
Jai Patel
Chief Investment Officer
|
Jai.patel@kaseiholdings.com
|
|
VSA
Capital Limited (AQSE Corporate Adviser)
Simon Barton (Corporate Finance)
|
+44 (0)20
3005 5000
|
About Kasei Digital Assets
Kasei is a team of experienced financial experts who came together
through a shared interest in the digital asset ecosystem and the
belief that blockchain technology will transform industries and
have significant global economic impact.
Kasei's cumulative 100 years plus experience in navigating
traditional financial markets, in particular highly volatile asset
classes, provides the Company with a solid grounding to build a
balanced portfolio positioned to take advantage of the disruptive
innovation in this space.
Despite Kasei's belief that these assets are positioned for highly
significant long-term gains, the Company employs a balanced
risk-and-reward strategy. This provides shareholders with an
actively managed portfolio of crypto assets, as well as exposure to
investments in blockchain enabled companies and technology, all in
the form of one listed security.
LinkedIn:
Kasei Digital Assets PLC: Overview | LinkedIn