Cryptology Asset Group Purchases Additional Block.one Shares in the amount of $30 million

Cryptology is one of the largest institutional investors in Block.one, now holding approx. 3.4% (on a non-diluted share capital base) of the crypto behemoth. As Block.one is a privately held company, one of the only means for public markets investors to gain exposure to it is indirectly through holding the publicly traded shares of Cryptology.

Cryptology’s founding investor, Christian Angermayer, said “Block.one’s CEO Brendan Blumer is truly one of the most visionary entrepreneurs I have ever had the pleasure of knowing and working with. It has been an honor and a privilege to accompany Block.one on its exciting journey, and I look forward to the full realization of Brendan’s vision for Block.one in the near future.”

“Block.one is one of the preeminent players in the entire crypto industry and I am elated to be expanding Cryptology’s exposure to one of our flagship portfolio companies”, said Patrick Lowry, Cryptology’s CEO. “I look forward to the unveiling of projects they have been developing in stealth in the near future and further expanding Cryptology’s collaborative relationship with Brendan and the Block.one team.”

In addition to having significant exposure to Block.one on its own balance sheet, Cryptology also manages further stakes in Block.one on behalf of several institutional investors with additional upside participation for Cryptology. The upside participation equals an approx. 0.5% additional stake in block.one.