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Blockchain & Crypto

NFT Investments gets back £5mln loan from Pluto Digital with interest

The company has been evaluating other opportunities in the NFT sector

NFT Investments PLC (AQSE:NFT) said it received £5.18mln after Pluto Digital repaid a £5mln loan with interest.

This followed the non-fungible token (NFT) company investor’s decision to back out of the proposed acquisition of Pluto in April.

NFT Investments said at the time it will continue to evaluate other opportunities in the NFT sector that it believes will be accretive to shareholder value.

It also reported results, showing cash and cash equivalents totalling £21.9mln at the end of December and a net book value of investments worth £12.5mln.