What KR1 does
Founded in 2016, the company has invested in a number of projects that it believes will power the development of the decentralised blockchain infrastructure.
The company is currently listed on the Aquis exchange in London.
How it’s doing
In March, KR1 announced it has realised US$1.8mln from staking activities on Polkadot (DOT).
The digital asset investment company said it has generated a further 77,542.92 DOT since the last staking update in December, all of which have been sold at an average price of US$23.83 per DOT token.
The accrued revenue from KR1’s Polkadot staking activities had been impacted recently due to a migration process of the company’s Polkadot staking operations over the last quarter, which involved multiple ‘unbonding’ procedures, during which no staking revenue accrued for twenty-eight days.
The Aquis-listed firm said it is pleased to have finalised this process and resumed the staking of a large majority of its DOT position to continue generating revenues.
What the bosses say: Keld van Schreven and George McDonaugh, managing directors
“We expect the trend of strengthening balance sheets and diversification into Bitcoin to continue as the world’s monetary policies shift evermore towards unbridled money printing and higher inflation.
“The digital asset world will continue to disrupt and innovate in all directions, and although the disruption will be most keenly felt in finance first through [decentralised finance], we will see this impact every industry over time.”
- More profits from token sales
- Recurring staking revenues
- Investment opportunities arising as blockchain industry expands