Advanced Blockchain AG: Positive Reassessment Following Peaq Token Launch

The recent launch of the peaq token has significantly impacted Advanced Blockchain AG's portfolio valuation. Originally cautious, analysts at GBC AG now positively reassess the company's position. Despite initial price volatility, the token stabilized at $0.25, outperforming similar projects.

As of June 30, 2024, Advanced Blockchain AG held 88,056,000 peaq tokens, valued at approximately €20.80 million. This represents a substantial increase in asset value, boosting the net asset value by approximately €3.75 per share. The revised price target is now €10.75 per share, up from the previous €7.00.

The company plans to stake the locked tokens until Q3 2025, potentially enhancing returns. Coupled with a solid liquidity foundation of approximately €2 million in liquid assets, the company's financial flexibility remains strong.