LQWD Acquires Additional Bitcoin

Rhea-AI Summary

LQWD Technologies has acquired approximately 5 additional Bitcoin, bringing its total holdings to ~136 Bitcoin (13.6 billion Satoshis), equivalent to 839 Satoshis per LQWD share. The company, which is debt-free, maintains its Bitcoin holdings free of encumbrances. LQWD's Lightning Network infrastructure has established over 1,200 connected channels globally, with its Canada node achieving #1 rank on the Lightning Terminal. The network has routed more than 820 Bitcoin and facilitated over 942,000 transactions since launch.

Positive

• Increased Bitcoin holdings to ~136 BTC
• Debt-free status with unencumbered Bitcoin holdings
• #1 rank achievement for Canada node on Lightning Terminal
• Over 820 Bitcoin routed through network infrastructure
• 942,000+ transactions processed through Lightning Network

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / October 29, 2024 / LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) ("LQWD" or the "Company"), a leading provider of enterprise-grade transaction infrastructure and liquidity services for the Bitcoin Lightning Network, is pleased to announce that the Company has acquired an additional ~5 Bitcoin.

With this recent purchase, LQWD now holds ~136 Bitcoin, representing 13.6 billion Satoshi's (Sats), equating to 839 Satoshi's per LQWD share. LQWD is debt free company and the Company's Bitcoin holdings are free and clear of any encumbrances.

LQWD plans to continue adding Bitcoin to its balance sheet on an ongoing basis, growing the Company's Bitcoin-Per-Share holdings. Furthermore, the Company utilizes its Bitcoin holdings to earn fees (paid in Bitcoin/Sats) on LQWD's industry leading global transaction infrastructure for the Lightning Network.

LQWD's Lightning Network infrastructure is well placed to continue achieving exponential transaction growth and liquidity services with over 1,200 connected channels established globally. LQWD's Canada node recently achieved the #1 rank on the Lightning Terminal, a reflection of the stability and performance of LQWD's network.

This recognition underscores the Company's focus on network optimization and efficient channel management. Since launch, the LQWD's infrastructure has routed more than 820 Bitcoin and facilitated over 942,000 transactions through its Lightning Network infrastructure.

For more details, please refer to LQWD's corporate presentation and stay updated on our Lightning Network node growth or connect to the Company's nodes in real time.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwd.money
Website: www.lqwdtech.com
Twitter: @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 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.

SOURCE: LQWD Technologies Corp.

View the original press release on accesswire.com

FAQ

How many Bitcoin does LQWD Technologies (LQWDF) currently hold?

LQWD Technologies currently holds approximately 136 Bitcoin, equivalent to 13.6 billion Satoshis or 839 Satoshis per LQWD share.

How many transactions has LQWD's (LQWDF) Lightning Network processed?

LQWD's Lightning Network infrastructure has facilitated over 942,000 transactions and routed more than 820 Bitcoin since launch.

What is the recent ranking of LQWD's (LQWDF) Canada node?

LQWD's Canada node recently achieved the #1 rank on the Lightning Terminal, demonstrating the network's stability and performance.

How many connected channels does LQWD (LQWDF) have globally?

LQWD has established over 1,200 connected channels globally through its Lightning Network infrastructure.