Cryptology Asset Group, the Malta-based crypto investment firm, has raised €32 million through a share issue. The money will be used to invest in crypto and blockchain startups.
The company announced on April 15 that it had successfully issued 128,375 new shares and sold 31,625 treasury shares to institutional investors. Cryptology trades on several German exchanges including Börse Düsseldorf, Gettex and Tradegate.
Cryptology is now exploring options for further capital raising, which include potentially issuing a convertible note or bond structure. The company has hired ICF Bank AG to assist with the process.
Additionally, the firm has announced that it is “exploring the possible acquisition of crypto assets,” such as bitcoin, for its corporate treasury.
Cryptology was founded by German financier Christian Angermayer’s family office Apeiron Investment Group.
“Cryptology is benefiting significantly from the substantial increase in the adoption of crypto assets – and
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