TORONTO–(BUSINESS WIRE)–Ether Capital Company (“Ether Capital” or the “Firm”) (NEO: ETHC) publicizes the reporting of its monetary outcomes as at and for the three months and yr ended December 31, 2020.
As at December 31, 2020:
- The entire worth of the Ether held by the Firm was $30.2 million
- The entire property of the Firm have been $34.0 million
- The entire shareholders’ fairness of the Firm was $33.9 million
- The Firm recorded internet earnings of $0.97 per share for yr ended December 31, 2020, which was primarily the results of the online change in unrealized achieve on truthful worth remeasurement of digital intangible property
As at March 25, 2021, the full worth of the Ether held by the Firm was $88.4 million. This worth displays the funding of roughly $24.5 million in Ether on March 16, 2021 following the general public providing of securities of the Firm which closed on March 15, 2021.
Brian Mosoff, Ether Capital’s CEO stated: “Ethereum and its ecosystem had a powerful yr in 2020. Along with an improved pricing surroundings, we noticed an unlimited quantity of exercise, significantly round decentralized finance and stablecoins. We noticed a big diploma of company and institutional adoption of cryptocurrencies in 2020 and imagine that this bodes properly for the long run worth proposition of Ethereum. Lastly, we noticed Ethereum efficiently launch proof of stake this yr, which suggests Ether holders who elect to ‘stake’ their Ether can earn inflationary block rewards. Ether Capital intends to make a extra substantial dedication of its Ether stability to staking which we count on to make an announcement on sooner or later. We’re grateful to all of our stakeholders for his or her continued help.”
About Ether Capital Company
Ether Capital is a Toronto-based know-how firm whose long-term goal is to turn out to be the central enterprise and funding hub for the Ethereum and Internet 3 ecosystem. Ether Capital has invested in Ethereum’s native utility token “Ether” as a strategic asset, and selectively invests in initiatives, protocols and companies that leverage the Ethereum ecosystem and Internet 3 applied sciences. Based by a extremely skilled Board of Administrators and administration crew, Ether Capital has the expertise and relationships to help companies and spend money on industry-shifting disruptive applied sciences. For extra data, go to http://ethcap.co/.
The content material of this doc is for informational functions solely, and isn’t being offered within the context of an providing of any securities described herein, neither is it a suggestion or solicitation to purchase, maintain or promote any safety. The data just isn’t funding recommendation, neither is it tailor-made to the wants or circumstances of any investor. Info contained on this doc just isn’t, and in no way is it to be construed as, an providing memorandum, prospectus, commercial or public providing of securities. No securities fee or related regulatory authority has reviewed this doc and any illustration on the contrary is an offence. Info contained on this doc is believed to be correct and dependable, nonetheless, we can not assure that it’s full or present always. The data offered is topic to alter with out discover and neither Ether Capital Company, nor any of its associates, might be held chargeable for inaccuracies within the data introduced.
This press launch comprises “forward-looking data” throughout the which means of relevant Canadian securities laws. Ahead-looking data contains, however just isn’t restricted to, statements in regard to the anticipated date by which the Warrants are anticipated to start buying and selling on the NEO and the supposed use of proceeds of the Providing and the Non-public Placement. The Firm cautions the reader to not place undue reliance upon any such forward-looking statements, which communicate solely as of the date they’re made. Typically, however not at all times, forward-looking data could be recognized by means of forward-looking terminology akin to “plans”, “expects” or “doesn’t count on”, “is predicted”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “on tempo”, “anticipates”, or “doesn’t anticipate”, “believes”, and related expressions or state that sure actions, occasions or outcomes “could”, “might”, “would”, “ought to”, “would possibly”, or “will” be taken, happen or be achieved.
Ahead-looking statements are primarily based on data obtainable to administration on the time they’re made, administration’s present plans, estimates, assumptions, judgments and expectations. Ahead-looking data is topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking data. Such dangers and uncertainties embody, however usually are not restricted to: basic enterprise, financial, aggressive, geopolitical, technological and social uncertainties; uncertainties in regard to the event and acceptance of blockchain know-how (together with proof of stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and influence of the Ethereum community improve, the influence of the outbreak of the COVID-19 coronavirus on the Firm, and the opposite threat components mentioned within the Firm’s Annual Info Type dated March 25, 2020, the Danger Components part in its most lately filed administration’s dialogue and evaluation, the Danger Components part in its Complement and Base Shelf Prospectus and its different filings obtainable on-line at www.sedar.com. Though the forward-looking data contained on this press launch is predicated on assumptions that the Firm believes to be cheap on the date such statements are made, there could be no assurance that the forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such forward-looking data. As well as, the Firm cautions the reader that data offered on this press launch is offered with a purpose to give context to the character of a few of the Firm’s future plans and might not be acceptable for different functions. Accordingly, readers shouldn’t place undue reliance on forward-looking data. The Firm doesn’t undertake to replace or revise any forward-looking data, besides in accordance with relevant securities legal guidelines.