Advanced Blockchain AG: Strong start into the year 2024

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency /
Blockchain/Miscellaneous
Advanced Blockchain AG: Strong start into the year 2024

16.04.2024 / 10:49 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Advanced Blockchain AG: Strong start into the year 2024

  * Successful realization of value appreciation by divesting tokens and
    token rights worth more than EUR3 million in the last 10 months

  * Cash balance on wallets and bank accounts exceeding EUR2 million as per
    April 15

  * New cash is being used to further expand the business and finance new
    investments

April 16, 2024 - Advanced Blockchain AG ("AB", Scale Frankfurt, Primary
Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and
investor in the blockchain industry, has started the financial year 2024
with a strong performance. The company has successfully sold assets,
yielding proceeds exceeding EUR1 million in the current financial year and
more than EUR3 million over the past 10 months. These assets were divested
with significant profits including token airdrops acquired through a
subsidiary. As of April 15, 2024, Advanced Blockchain records a cash balance
on wallets and bank accounts exceeding EUR2 million.

The new capital will fuel Advanced Blockchain's strategic expansion
initiatives and support further investments. Notably, the company acquired
token rights for Celestia (TIA) tokens, already yielding a remarkable
book-profit exceeding ten times the initial investment.

In line with its growth trajectory, Advanced Blockchain is actively
recruiting talent to bolster its workforce and advance the development of
ABX Analytics. This AI-driven data and research platform will empower
investors to identify promising web3 projects across various sectors. The
first version of the platform is expected to go live in 2024.

Simon Telian, CEO of AB, comments: "Our team's unwavering dedication has
been instrumental in delivering these results. With the evolving market
sentiment and the imminent Bitcoin halving, we find ourselves well-placed to
capitalize on opportunities at the convergence of blockchain
interoperability, modular technologies, DePIN, AI, and other promising
application domains. Concurrently, we remain steadfast in our commitment to
our shareholders, prioritizing the establishment of a robust financial
foundation for the group."

The Advanced Blockchain Management team will attend the TOKEN2049 conference
this week in Dubai and the Crypto Valley Conference in June in Switzerland.
The date for the Annual General Meeting (AGM) will be published in the next
couple of weeks.

About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA:
ISIN DE000A0M93V6) is a venture builder and investor in the blockchain
industry with an extensive network of analysts, developers, programmers,
economists, and mathematicians. Advanced Blockchain AG is dedicated to
developing the future of Web 3.0 and innovating in different ecosystems and
markets of the industry.

For more information about Advanced Blockchain AG, its various projects, and
investments, please visit https://www.advancedblockchain.com/.


Contact:
ir@advancedblockchain.com


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16.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Advanced Blockchain AG
                   Scharnhorststraße 24
                   10115 Berlin
                   Germany
   Phone:          +4930403669510
   Fax:            030403669511
   E-mail:         info@advancedblockchain.com
   Internet:       www.advancedblockchain.com
   ISIN:           DE000A0M93V6
   WKN:            A0M93V
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf
                   (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1881591

End of News EQS News Service
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1881591 16.04.2024 CET/CEST