**KR1 plc: Financial Update September 2025**
*Based on the original financial update released on Investegate by the Board of KR1 plc.*
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**Overview**
KR1 plc, a London-listed leading digital asset investment company, issued a significant financial update for September 2025. This report provides in-depth insights into KR1’s portfolio progress, key investments, organic growth, market value changes, NAV (Net Asset Value) fluctuations, and the company’s broader outlook for the remainder of 2025 and beyond.
**Company Background**
KR1 is one of Europe’s prominent digital asset investment firms, specializing in blockchain and decentralised network projects. Since its establishment, KR1 has actively participated in the early stages of the digital asset ecosystem, backing projects with the intent of long-term value appreciation. The firm’s portfolio includes a mix of platform tokens, DeFi protocol tokens, utility assets, and equity investments in blockchain-based businesses.
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**Key Highlights from the September 2025 Financial Update**
– KR1’s portfolio continues to demonstrate resilience and innovation, with multiple milestone achievements within its holdings.
– The company maintains a balanced approach, blending early-stage investment in frontier projects with strategic capital allocation to recognized ventures.
– Despite volatility within the broader cryptocurrency and digital asset markets, KR1’s corporate structure and investment theses have delivered steady NAV growth.
– The company prioritizes transparency for all stakeholders and provides detailed updates on material changes in asset values, new investments, disposals, and the overall portfolio composition.
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**Portfolio Performance and NAV Statement**
As per the September 2025 update:
– KR1’s unaudited Net Asset Value (NAV) was calculated at £345 million as of the reference date.
– This reflects an upward adjustment compared to previous periods, attributed to both appreciation in digital asset valuations and successful exits from select investments.
– The company’s NAV per ordinary share stood at 98.6p.
**NAV Calculation Methodology**
KR1 utilizes a transparent approach in NAV computation:
– All digital assets are valued at closing prices from leading digital exchanges or recognized pricing oracles.
– Equity holdings in private companies are valued based on the latest funding round or best available market proxy.
– Where applicable, illiquid or locked-up assets are valued at cost or based on reasonable impairment discounts, pending realisable events.
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**Portfolio Breakdown: Major Holdings and Performance**
KR1’s portfolio covers a diverse selection of digital protocols, tokens, and equity stakes. Top-performing components outlined in the September update include:
– **Polkadot (DOT):** An established layer-one blockchain platform enabling cross-chain interoperability. DOT continues to be a major driver of KR1’s NAV growth, benefiting from increased adoption of the Polkadot ecosystem and launching key parachains.
– **Cosmos (ATOM):** Cosmos remains a strong performer, as demand for sovereign blockchain interoperability surges, underpinning utility for both the ATOM token and ecosystem projects.
– **Ethereum (ETH):** KR1 retains a long-term holding in the Ethereum network, forming a core reserve asset underpinning the company’s digital balance sheet.
– **Lido (LDO):** A strategic investment in liquid staking solutions, Lido’s platform continues to scale, benefiting from both the Ethereum network upgrade and broader DeFi staking participation.
– **Moonbeam (GLMR):** Part of the Polkadot ecosystem, Moonbeam bridges smart contract functionality across connected blockchains, securing a leadership position in cross-chain dApps deployment.
– **Akash Network (AKT):** Providing decentralized cloud infrastructure, the Akash Network has gained relevance as Web3 projects seek trustless hosting solutions, driving the long-term value of AKT.
– **Kusama (KSM):** Kusama operates as Polkadot’s canary network and innovation hub, offering early adoption opportunities prior to Polkadot mainnet launches.
In addition to these, KR1 holds smaller positions in a spectrum of emerging De
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