Science Blockchain portfolio token quarterly NAV drifts lower

Science Blockchain, a startup studio investing in and building blockchain technology companies, today announced that the NAV of each SCI token from September 30, 2019, was $0.49, based on the NAV of the underlying VC fund, Science Blockchain Holdings, LP.

The overall digital asset market conditions are the primary driver of the $0.10 decrease from the $0.59 NAV reported for the period ending June 30, 2019. The primary driver of the decrease was the fluctuation in the prices of cryptocurrencies from June 30, 2019, to September 30, 2019.

Because various new ventures, token sales, and distributions are underway, Science Blockchain is currently carrying these investments at cost in line with its accounting policies. When and if there is reliable pricing data for these assets, the Science Blockchain team will mark them to market which will then be reflected in future NAV reporting.

This past quarter, Science Blockchain completed distributions for SpringRole (SPRING), additional Mainframe (MFT), and WePower (WPR) tokens, the first distribution of VideoCoin (VID) tokens, and existing tokens that were previously held on Tokenhub directly to SCI2 token holders’ registered wallets via several token distribution events.

The Science Blockchain portfolio includes the following:

Science Blockchain was formed with the idea of incubating and investing in emerging companies building on blockchain technology.

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