Home Blockchain Advanced Blockchain: Simon Telian (CEO) acquires further shares in the Company -October 02, 2023 at 04:50 am EDT

Advanced Blockchain: Simon Telian (CEO) acquires further shares in the Company -October 02, 2023 at 04:50 am EDT

by Abigail Bautista

Advanced Blockchain AG, a leading incubator, architect, and investor in the blockchain industry, announced that CEO Simon Telian has acquired an additional 7,000 shares in the company at an average price of EUR 3.10. With this purchase, Telian now holds over 12,000 shares directly and possesses options for up to 193,800 shares in the company. This represents a theoretical combined ownership stake of approximately 5.4% in Advanced Blockchain AG.

Telian expressed his confidence in the company, stating that Advanced Blockchain is a great investment. He believes that the company is on a course for growth with its exciting portfolio in the blockchain universe. Telian also highlighted the recent positive independent valuation of the company’s ten largest portfolio companies, which are collectively worth far more than the company’s listed equity.

Advanced Blockchain AG is a venture builder and investor in the blockchain industry. The company has an extensive network of analysts, developers, programmers, economists, and mathematicians dedicated to developing the future of Web 3.0 and innovating in different ecosystems and markets of the industry.

This recent acquisition of shares by CEO Simon Telian is a clear indication of his confidence in the company’s prospects and growth potential. It also serves as a positive signal to other investors, demonstrating Telian’s commitment to Advanced Blockchain AG. With his substantial ownership stake, Telian has a vested interest in the success of the company.

Investors may take this announcement as a sign of optimism and may view it as a positive factor when considering their own investment decisions. Telian’s belief in the company’s future growth and success can instill confidence in other shareholders and potential investors alike.

Overall, Advanced Blockchain AG’s acquisition of additional shares by CEO Simon Telian signifies his confidence in the company’s potential and growth trajectory. It reinforces the positive outlook for Advanced Blockchain AG and may attract increased investor interest in the firm.

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