Holding Update: Bitway

In brief · summary, not quotable

KR1 plc has provided an update on its Bitway (BTW) holding, reporting a total of 100,000,000 BTW tokens acquired through a US$300,000 investment in Bitway's pre-seed funding round. As of April 15, 2026, this holding is valued at approximately US$1.7 million, with tokens subject to an initial 12-month lock-up followed by a 24-month linear unlock. KR1 plc intends to explore operational participation in Bitway's technology and financial infrastructure activities as tokens become available.

Full announcement

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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.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.