With the rise of treasury stocks over the past few months, you could be forgiven for thinking that this is a new phenomenon to hit the stock exchanges of London. However, one company is just a little ahead of the curve; strangely, it hardly seems to get mentioned, which is particularly odd when you have the likes of SWC trading multiples of NAV.
Who am I talking about? KR1, obviously, those who have been around a while may well be familiar with the original and arguably still the best treasury stock traded in London. Currently trading far below NAV, what makes this stock so special, and why has it not been noticed yet?
First and foremost, what sets KR1 apart is its impressive track record. Having been initially founded in 2016, this company knows a thing or two about cryptocurrencies. Moreover, it knows precisely when to buy, and typically, that will be before you or I will even have a chance to get a look in. This company is quite literally a money printing machine, it has everything you would want from a treasury company: A strong track record of fantastic returns, trading below NAV, and a consistent income via staked tokens, meaning there is never a need to raise and the lights stay on regardless.
So, what tokens does KR1 hold? And what are they worth?
The chart below provides an accurate outline of the token holdings and percentage of KR1’s portfolio as of May 31, 2025. To figure out the exact number of tokens held, you would need to track down token prices on the given day; however, this should give you a pretty good idea of just how strong their portfolio is.
| Token | Fair Value (£) | % of Portfolio |
|---|---|---|
| Polkadot (DOT) | £16,541,222 | 19.68% |
| Celestia (TIA) | £12,282,224 | 14.61% |
| Staked ETH (stETH) | £10,390,792 | 12.36% |
| Lido (LDO) | £7,262,645 | 8.64% |
| Cosmos (ATOM) | £6,880,481 | 8.19% |
| RedStone (RED) | £6,802,343 | 8.09% |
| Zee Prime II (investment vehicle) | £5,025,214 | 5.98% |
| Nexus Mutual (NXM/wNXM) | £4,717,677 | 5.61% |
| Interop Ventures | £1,598,206 | 1.90% |
| HydraDX (HDX) | £1,328,027 | 1.58% |
Given the outsized return KR1 typically brings, i would expect, when the tide turns in the favour of ALT Coins, for these tokens to do extremely well, in fact if you are considering investing in ALT Coins, buying KR1 might not be a bad shout, as it would allow you to get a range of tokens, researched by industry professionals, without the risk of discovering them for yourself – that said, please always do your own research!
Take HydraDX for example; there has been a lack of movement within the general Alt-coin space thus far this bull run, yet HDX has returned a massive 95% gain for investors since listing in August 2024.
With Ethereum finally beginning to move of late, it could be that Alt-Coins once again come into focus. Typically, during a Crypto bull run, the best alt tokens outperform BTC many times over, although they often endure far more pain during the savage crypto winters.
KR1 does not however just make money by holding tokens, it also stakes them, gaining a regular income, which is then put to use in various ways, from paying wages, through to being deployed into new investments, making KR1 a really unique, self growing stock. Its quite unlike anything listed before. Imagine a mining company that could run on minimal staff and the minerals mined themselves – that is KR1, quite literally a money printing machine. See below staking income as per the most recent RNS.
May 2025: £458,838 total staking income from:
- DOT: £190,059
- ATOM: £118,909
- TIA: £112,965
- stETH: £23,788
- KSM: £7,128
- GLMR: £5,989
As of 31st May 2025, KR1 boasted a NAV of £84,057,444, or 47.49p per share. However, as of Friday, 11th July, the stock was trading at just 35p per share, making KR1 the best value treasury company currently listed in London. KR1 also has an OTC listing in the USA, trading under the ticker #KROEF – and giving the recent hype in the US over ETH treasury companies, i do not think it will be too long before KR1 is discovered once more.
Disclaimer: Nothing in this article is intended as investment advice, and readers should always do their own research. The crypto stocks sector is highly volatile and can move rapidly in both directions. I may be invested in some of the stocks I mention in these articles, so assume my comments are biased.
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