VANCOUVER, British Columbia, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (the “Company” or “Spirit”), a private Canadian company that offers shareholders diversified exposure to the blockchain and crypto industry, is pleased to announce that it will expand its staking operations through the purchase of ADA, ATOM and DOT digital assets.
As the blockchain ecosystem matures, more staking opportunities are emerging that appeal to risk averse institutional investors such as Spirit. Staking allows Spirit to maximize its returns, without a material increase in risk.
By design, the security and resilience of a blockchain relies on independently owned, geographically distributed nodes collaborating to provide a secure, decentralized, permissionless and scalable network.
Bitcoin, and several of the earlier crypto currencies, rely on so called “mining” or “Proof of Work” to keep their distributed network secure and resilient to attacks. Miners earn significant fees for the effort they expend. In contrast, many of the newer crypto assets employ “Proof of State” (POS) rather than mining to secure their networks.
Mining, while very profitable, is generally limited to companies with specialized hardware and large balance sheets. Staking, on the other hand, democratizes this by allowing all crypto owners the opportunity to earn a reward by staking the coins they own.
As Spirit grows its crypto holdings it will actively seek to maximize its risk adjusted returns by including more assets in its portfolio that can be staked.
Please send any requests for education to info@spiritblockchain.com.
About Spirit Blockchain Capital Inc.
Spirit is a Canadian Swiss group operating specifically in the blockchain and digital asset sectors with the primary goal of creating value in a rapidly growing environment through recurring cash flows and capital appreciation.
Spirit provides investors with direct exposure to the sector, without the technical complexity or constraints of purchasing and holding the underlying crypto assets. Spirit’s strategy is based upon management’s conviction that the blockchain and digital asset ecosystem will provide significant growth and outperform traditional asset classes over the medium to long-term.
The Company’s strategy focuses on four complimentary economic units:
- Royalties & Streams by lending capital to blockchain ecosystem participants, where repayment of the notional and interest takes place in the form of crypto assets.
- Advisory & Research Services to Fund Managers.
- Treasury management through investment in major crypto assets with cold storage in Switzerland.
- Providing IT Solutions to the sector in the areas of Compliance, AML, Forensics and Risk Reporting.
For additional information, please contact:
Erich Perroulaz, Director & CEO
info@spiritblockchain.com
Disclaimer for Forward-Looking Information
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Forward-looking information in this news release includes statements concerning the Company’s general business plans and its intention to expand its product distribution to expand its educational offering as part of its advisory and research services. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect such forward-looking information are described in the risk factors in the Company’s preliminary prospectus, and the schedules attached thereto, that are available on the Company’s profile on SEDAR at www.sedar.com.
Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
