“After last year’s record results, owing to the growth of digital asset value and portfolio performance, the first half of 2022 saw KR1’s portfolio heavily impacted by the wider macro correction of speculative asset prices, or more specifically crypto. By mid 2022, we had entered bear market territory and as such saw prices of all digital assets fall steeply. As in previous downturns, the Company remains steadily focused on its long-term investments in innovative decentralised technology. While we are increasingly attracted to the low risk profile and opportunities provided by staking and other opportunities to produce a yield on portfolio assets, which these half year results demonstrate strongly, we do not engage in complex trading strategies or utilise leverage.
Managing Directors' Statement (Half Year 2022)
Managing Directors' Statement (Half Year…
Managing Directors' Statement (Half Year 2022)
“After last year’s record results, owing to the growth of digital asset value and portfolio performance, the first half of 2022 saw KR1’s portfolio heavily impacted by the wider macro correction of speculative asset prices, or more specifically crypto. By mid 2022, we had entered bear market territory and as such saw prices of all digital assets fall steeply. As in previous downturns, the Company remains steadily focused on its long-term investments in innovative decentralised technology. While we are increasingly attracted to the low risk profile and opportunities provided by staking and other opportunities to produce a yield on portfolio assets, which these half year results demonstrate strongly, we do not engage in complex trading strategies or utilise leverage.