Bitcoin Slips Below Key Support; Astarta Gains on Dividend Move
Bitcoin, often touted by advocates as a store of value and a form of digital gold, failed to live up to the safe-haven narrative. The token dropped below the key technical support of USD 100,000, signaling its still-speculative nature in times of market stress.
In equity markets, Ukrainian stocks ended the week mostly lower. Notable exception: shares of agricultural producer Astarta rose 2.6% to PLN 59.90 after the company declared a €0.50 dividend per share, implying a yield of about 3.6%.
By contrast, Kernel and MHP both lost 5.6%, with shares closing at PLN 16.00 and USD 5.04, respectively.
Ukrainian iron ore miner Ferrexpo (FXPO) fell 8.6% to close at GBp 45.3. The FXPO has lost almost 60% since the start of the year with the company’s MCap now standing at just USD 366mn.
Meanwhile, in a rare positive development on the corporate front, Ukraine completed the privatization of 100% of state-owned UkrBud for UAH 805mn (USD 19mn). The auction drew five bidders and saw the sale price triple from the starting offer of UAH 263mn (USD 6.3mn). The winner — part of Georgia’s Georgian Industrial Group, active in energy, logistics, and real estate — now acquires access to UkrBud’s 114,000 square meters of real estate assets across the country.
The deal, seen as a sign of sustained foreign investor interest despite the ongoing war, may help the government meet its 2025 privatization revenue target of UAH 3.2bn. Authorities clarified that the sold assets do not include the controversial private developer UkrBud Development, which remains linked to 25 stalled residential projects in Kyiv.
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