Canada's Bitcoin Strategy, LQWD Technologies Corp. Acquires Additional Bitcoin for Deployment on Lightning Network
Rhea-AI Summary
LQWD Technologies Corp (TSXV: LQWD) (OTCQX: LQWDF) has expanded its Bitcoin holdings by acquiring four additional Bitcoin for its Lightning Network (LN) infrastructure. The company now holds approximately 161 Bitcoin, equivalent to 767 Satoshis per share. As a debt-free company, LQWD maintains unencumbered Bitcoin holdings and operates its LN infrastructure, which was launched in November 2021.
The company's transaction routing and liquidity services have shown consistent growth, particularly over the last 120 days. LQWD, operating as a Bitcoin/LN pure play company, focuses on providing both an asset-based foundation through its Bitcoin holdings and technology for global medium of exchange through the Lightning Network. The company maintains offices in Vancouver and Lugano, Switzerland.
Positive
- Added 4 Bitcoin to holdings, reaching ~161 Bitcoin total
- Debt-free status with unencumbered Bitcoin holdings
- Consistent growth in transaction routing and liquidity services over past 120 days
Negative
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - Canada's Bitcoin strategy, LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) ("LQWD" or the "Company"), a leading provider of enterprise-grade global transaction infrastructure for the Bitcoin Lightning Network (LN), announces that the Company has added four additional Bitcoin to its holdings.
As per the Company's strategic mandate to accumulate Bitcoin for deployment on LN, LQWD now holds ~161 Bitcoin, equivalent to approximately 767 Satoshis (Sats) per share. The Company remains entirely debt-free, with all Bitcoin holdings unencumbered.
LQWD deploys Bitcoin on the Company's LN infrastructure, which launched in November 2021. The Company's transaction routing and liquidity services have experienced consistent upward growth trajectory since launch, particularity over the past 120 days.
Running Total of Transactions for All Nodes
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As a Bitcoin/LN pure play company, LQWD addresses two critical roles for the future: the Company's Bitcoin provides an asset-based foundation, and technology for a global medium of exchange. To this point, the Lightning Network, which is on rapid rise globally and LQWD are leveraging Bitcoin's unmatched security and protocols enabling trust-less, internet-powered, peer-to-peer transactions at mass scale.
LQWD is a Canadian company with offices in Vancouver and Lugano, Switzerland. We are a fully transparent, audited, publicly company traded in Canada on the TSX Venture market, trading symbol: LQWD and in the United States on the OTCQX, trading symbol: LQWDF.
About LQWD Technologies Corp.
LQWD is focused on enhancing shareholder value through its innovative Bitcoin accumulation strategy and scalable yield-generating opportunities through the Company's Lightning Network operations.
For more information, please visit LQWD's corporate presentation and connect with the Company's Lightning Network nodes in real time.
For further information:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwdtech.com
Website: www.lqwdtech.com
X: @LQWDTech
Forward-Looking Statements
This release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238712
FAQ
How many Bitcoin does LQWD Technologies (LQWDF) currently hold as of January 2025?
When did LQWD Technologies (LQWDF) launch its Lightning Network infrastructure?
What is the current debt status of LQWD Technologies (LQWDF)?
How many Satoshis per share does LQWD's (LQWDF) Bitcoin holdings represent?
Where are LQWD Technologies' (LQWDF) offices located?
