Sign in Subscribe
Stock offerings

TMT Investments PLC Sees 14% Share Surge as Bolt Shares Sold and Scale AI Sees Massive Revaluation

Strategic Insights

— 2 min read

TMT Investments PLC released a trading update on Monday, announcing the sale of a small part of its shares in Bolt Technology OU, a Tallinn-based ride-hailing company, for around USD800,000. This sale represents a 3% premium to the euro-denominated Bolt share price and a USD9.7 million revaluation uplift in the fair value of TMT's investment in Bolt since December 31. Additionally, TMT noted that its investee Scale AI Inc has received an investment from Meta Platforms, valuing Scale at over USD29 billion, resulting in a revaluation uplift of 138% or about USD700,000 in the fair value of TMT's holding in Scale since December 31.

Key Takeaways:

  • TMT Investments PLC sold a small part of its shares in Bolt Technology OU for around USD800,000, representing a 3% premium to the euro-denominated Bolt share price.
  • The sale resulted in a USD9.7 million revaluation uplift in the fair value of TMT's investment in Bolt since December 31.
  • Scale AI Inc, an investee of TMT, received an investment from Meta Platforms, valuing Scale at over USD29 billion.
  • The revaluation of Scale's value resulted in a 138% or about USD700,000 uplift in the fair value of TMT's holding in Scale since December 31.
  • TMT expects to receive an approximate USD600,000 million cash dividend as part of the Meta investment in Scale.
  • Backblaze Inc's stock price has been volatile, resulting in a reduction of USD2.9 million in the fair value of TMT's investment since December 31.

Statistics:

  • TMT sold its shares in Bolt for around USD800,000.
  • The Bolt share price represents a 3% premium to its euro-denominated share price.
  • The sale resulted in a USD9.7 million revaluation uplift in the fair value of TMT's investment in Bolt.
  • Scale AI Inc's valuation reached over USD29 billion, resulting in a 138% or about USD700,000 uplift in the fair value of TMT's holding in Scale.
  • TMT's investment in Bolt has a current fair value of around USD76.5 million.
  • TMT's investment in Bolt is valued at USD4.5 million more than TMT's entire market capitalization as of June 13, 2025.
  • TMT's portfolio of around 50 other investments is currently valued at a negative amount.

Sources:

  • TMT Investments PLC - Trading Update (Monday, [undisclosed date])
  • Alliance News - TMT Investments PLC sees 14% share surge as Bolt shares sold and Scale AI sees massive revaluation (Monday, [undisclosed date])
  • [No other sources mentioned in the original text]

Read more