CBI strengthens its cryptocurrency portfolios and capitalizes on blockchain investments made in recent years
- The CBI has decided to allocate part of its available cash reserves to the purchase of the 25 largest cryptocurrencies
- So far, CBI’s cryptocurrency portfolio has been built either through the creation and sale of its own tokens or through trading with third parties.
- The move aligns with CBI’s continued investments in blockchain applications, providing investors with exposure to this sector.
Paris, France, December 2, 2024, at 6:30 p.m. CET (CBI, Euronext Growth Paris: FR0014007LW0 – ALCBI) – CBI (Euronext Growth Paris: FR0014007LW0 – ALCBI) announces its intention to strengthen its investments in cryptocurrencies to capitalize on the growing potential of this rapidly evolving market.
CBI has decided to allocate part of its available cash reserves to the acquisition of the 25 largest cryptocurrencies, excluding stablecoins and meme coins. The amount allocated will depend on market conditions and the weighting between cryptocurrencies will be based on their respective growth prospects, particularly taking into account their functionalities and potential user base.
This initiative builds on CBI’s long-term strategic investments in blockchain applications and provides investors with increased exposure to this promising sector.
To date, CBI’s portfolio has primarily been built through the creation and sale of its own tokens or through token exchanges with third parties. Notably, CBI created the $CRYS token (for the entire AlphaVerse virtual universe), the $FAV token (for football at AlphaVerse, the segment of the universe dedicated to football) and the $LIGHTS token (for the universe dedicated to the foundation). ). Additionally, CBI has acquired significant positions in $CHAIN and $COPI tokens through trades or payments for services, as well as unlisted tokens such as $KTG, with a net book value of 2.8 million euros as of March 31, 2024.
For more information, visit our website: www.cbicorp.io.
Disclaimer
The execution of projects, as well as their operating budget and financing plan, remain fundamentally subject to uncertainties, and failure to realize underlying assumptions could have a significant impact on the value of assets and liabilities.
About crypto-blockchain industries
CRYPTO BLOCKCHAIN INDUSTRIES (“CBI”) is a French company that develops, operates and invests in video games, business applications and selective projects related to blockchain, non-fungible tokens (“NFTs”) and cryptocurrencies. Founded by Frédéric Chesnais, recognized entrepreneur in the video game industry and blockchain pioneer, CBI aims to develop and enrich a portfolio of blockchain activities covering various sectors (video games, finance, logistics, etc.) to promote this technology, either through direct operations or partnerships. CBI has already made several investments and is currently developing a blockchain-based virtual world (metaverse) called AlphaVerse. CBI shares are listed on the E2 listing group (public offering) on the Euronext Growth market. More information is available at www.cbicorp.io.
