NFT Investments PLC - Invests in non-fungible tokens - Says it has deployed USD16.3 million into purchasing bitcoin and ether from November 2022 to early January 2023. Adds that the price of bitcoin and ether has increased "significantly" in the last two weeks, and the amount deployed is now worth USD22.2 million, a 37% increase from the carrying value. The company has an unaudited net asset value of GBP33.2 million as at January 29, including GBP27.8 million in liquid crypto and cash equivalents.

Executive Chair Jonathan Bixby says: "Our team successfully anticipated the adverse market trends in the digital asset sector - the so-called 'Crypto Winter' - and reacted quickly to safeguard the company's assets and wait for the bottom of the market. We identified an opportunity to generate value for our investors by leveraging our considerable cash reserves in November 2022, and we are delighted by our timing and the subsequent positioning of our treasury."

Current stock price: 0.86 pence, up 4.2%

12-month change: down 63%

By Sophie Rose, Alliance News reporter

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