Tokens.com Provides Crypto Inventory Update
Tokens.com Corp. provides an update on its cryptocurrency holdings, revealing a steady increase in value since January 1, 2024. The company holds significant quantities of Ethereum, Polkadot, and Solana, with corresponding values in USD and CAD. Additionally, Tokens.com has a cash position of approximately US$3.05 million. The company has initiated a strategic review that could result in a full or partial sale of business divisions or IP, as well as the sale of domain names. An independent committee of the board has been established to review potential transactions, with no set timetable for completion. Tokens.com also anticipates releasing its 2023 year-end audited financial statements before the end of January.
Positive
Steady increase in cryptocurrency values since January 1, 2024
Significant holdings of Ethereum, Polkadot, and Solana
Cash position of approximately US$3.05 million
Initiation of a strategic review for potential full or partial sale of business divisions or IP
Exploration of sale of domain names with the retention of a broker
Establishment of an independent committee of the board to review potential transactions
Anticipation of releasing 2023 year-end audited financial statements before the end of January
01/15/2024 - 08:13 AM
TORONTO ,--(BUSINESS WIRE)--
Tokens.com Corp. (CBOE Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a web3 technology company that owns an inventory of cryptocurrencies, is pleased to share an update of its cryptocurrency holdings.
Crypto currency values have seen a steady increase in value since January 1, 2024. The table below shows our key crypto token holdings and corresponding value as of January 15, 2024 based on 1 Eth $254 3.75$7.59 1 SOL $95.32
Crypto
Quantity
Value ($USD)
Value ($CAD)
Eth
3,148
$8,007,725
$10,722,344
Dot
227,157
$1,724,122
$2,308,599
Solana
18,055
$1,721,003
$2,304,423
Total
$11,452,850
$15,335,366
*340 Ethereum are held at Genesis Global Trading which is undergoing a restructuring process that may result in some of the tokens not being returned at full value.
In addition to the table above, Tokens.com is supported by a current cash position of approximately US$3.05 million (Cdn$4.1 million ) in cash and cash equivalents. Management also notes, this does not include the value of the Company's digital land assets.
Other Updates
On November 8th, the Company announced that it has commenced a strategic review that could result in a full or partial sale of the business divisions or IP within those divisions. The Company is also exploring sale of its domain names and has retained a broker to accomplish that task. An independent committee of the board has been established to review potential transactions.
Neither the Board nor the Committee have set a timetable to complete the strategic review process nor have any final decisions been made relating to strategic alternatives at this time. To date, management has been involved in several conversations with third parties to enhance shareholder value, although, at this time the Company does not have an update.
The Company also anticipates releasing its 2023 year-end audited financial statements before the end of January.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also earns revenues through staking an inventory of owned cryptocurrencies.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter , LinkedIn , Facebook , Instagram and YouTube .
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240115302318/en/
Tokens.com Corp.
Andrew Kiguel, CEO
contact@tokens.com
contact@tokens.com
Source: Tokens.com Corp.
What is the ticker symbol for Tokens.com Corp.?
The ticker symbol for Tokens.com Corp. is SMURF.
What cryptocurrencies does Tokens.com Corp. hold?
Tokens.com Corp. holds significant quantities of Ethereum, Polkadot, and Solana.
What is the value of Tokens.com Corp.'s cash position?
Tokens.com Corp. has a cash position of approximately US$3.05 million.
What strategic review has Tokens.com Corp. initiated?
Tokens.com Corp. has initiated a strategic review that could result in a full or partial sale of business divisions or IP, as well as the sale of domain names.
What has Tokens.com Corp. established to review potential transactions?
Tokens.com Corp. has established an independent committee of the board to review potential transactions.
When does Tokens.com Corp. anticipate releasing its 2023 year-end audited financial statements?
Tokens.com Corp. anticipates releasing its 2023 year-end audited financial statements before the end of January.
