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KR1 ( (GB:KR1) ) has shared an announcement.
KR1 reported unaudited March income of £75,519 from technology infrastructure operations, largely from staking on Ethereum and other proof-of-stake networks, alongside £7,087 from financial infrastructure activities in DeFi protocols such as Nexus Mutual. Year-to-date aggregate infrastructure income reached £365,452, with income received in digital assets and measured at fair value on receipt.
Management highlighted progress in rolling out its financial infrastructure strategy, noting that Nexus Mutual cover underwriting now accounts for about 10% of monthly infrastructure income. The company also acquired 21 Bitcoin and expanded its Ethereum holdings to more than 6,000 ETH to pilot their use in liquidity provisioning across DeFi, while reporting a net asset value of £37.7m, with Ethereum, Nexus Mutual and Polkadot among its largest positions.
More about KR1
KR1 plc is a London-listed digital asset technology company focused on the infrastructure layer of decentralised networks. The group earns income and builds positions by operating staking, validation and other onchain services across Ethereum and multiple proof-of-stake and DeFi protocols.
Average Trading Volume: 172,906
Technical Sentiment Signal: Sell
Current Market Cap: £25.8M
See more insights into KR1 stock on TipRanks’ Stock Analysis page.