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KR1 plc provided an update on its Bitway (BTW) holding on 16 April 2026. The company holds 100,000,000 BTW, acquired through a US$300,000 investment made on 26 July 2023. This holding was valued at approximately US$1.7 million as of 15 April 2026 and is subject to an initial 12-month lock-up followed by a 24-month linear unlock.
| Date | 16 Apr 2026 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 6601A |
KR1 plc
16 April 2026
KR1 plc ("KR1" or the "Company")
Holding Update: Bitway ("BTW")
KR1 plc (LSE: KR1), a digital asset technology company, is pleased to provide an update on the Company's Bitway ("BTW") holding.
Bitway is an open financial infrastructure platform connecting onchain stablecoin and Bitcoin liquidity to institutional-grade yield and credit markets. The ecosystem comprises three principal components: Bitway Earn, a stablecoin yield protocol deploying deposits into market-neutral strategies across centralised and decentralised venues; Bitway Lending, a non-custodial protocol enabling borrowing against native Bitcoin collateral through Discreet Log Contracts; and Bitway Ledger, the sovereign Proof-of-Stake Layer 1 on which the protocol operates.
Following the recent launch of the BTW token, KR1 plc holds a total of 100,000,000 BTW, acquired through the Company's US$300,000 investment in Bitway's (formerly Side Protocol) pre-seed funding round as announced on 26 July 2023. Based on the BTW market price as at 15 April 2026, the Company's holding is valued at approximately US$1.7 million. The Company's BTW tokens are subject to an initial lock-up of 12 months from token launch and thereafter a linear unlock over a further 24 months.
KR1 plc's investment in Bitway originated through the Company's Venture activities, which comprise early-stage investments in onchain infrastructure projects. As tokens are released under the unlock schedule set out above, KR1 plc intends to evaluate operational participation in Bitway across both its Technology and Financial Infrastructure activities.
About KR1 plc
KR1 plc is a digital asset technology company listed on the London Stock Exchange, focused on the infrastructure layer of decentralised networks. By securing Ethereum and other major networks, the Company compounds its asset base alongside strategic investments - turning active network participation into long-term value for shareholders.
Contact
For further information, please contact:
KR1 plc (KR1: LSE)
George McDonaugh, Keld van Schreven
Phone: +44 (0)1624 630 630
Email: [email protected]
Singer Capital Markets (Corporate Broker and Financial Adviser)
Investment Banking: Alex Bond, James Fischer
Equity Sales: William Gumpel
Phone: +44 (0)20 7496 3000
Email: [email protected]
SEC Newgate (PR, Media and Financial Communications Adviser)
Ian Silvera, Bob Huxford, Dafydd Rees
Phone: +44 (0)20 3757 6882
Email: [email protected]
AlbR Capital (Financial Adviser)
David Coffman
Phone: +44 (0)20 7469 0930
Email: [email protected]
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).