Tokens.com Provides Crypto Inventory Update

Rhea-AI Summary

Tokens.com Corp. provides an update on its cryptocurrency holdings, revealing a detailed breakdown of its current crypto ownership and corresponding values. The company holds significant amounts of Ethereum, Polkadot, Solana, and Blaze, with plans to potentially sell or buy more tokens in the future. Additionally, Tokens.com holds cash, valuable crypto domain names, and a stake in StoryFire Inc.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share an update on its cryptocurrency holdings.

Below is a table showing our current crypto ownership and corresponding value as of noon EST on February 12, 2024. All dollar figures are in United States dollars (“USD”), unless otherwise stated.

Crypto	Holdings	Value	Value ($CAD)
Ethereum*	3,156	$8,044,830	$10,780,072
Polkadot	228,880	1,657,093	2,220,505
Solana**	18,055	1,968,897	2,638,322
Blaze***	1,111,111,111	500,000	670,000
Total		$12,170,820	$16,308,899
*340 Ethereum are held by Genesis Global Trading.
**18,001 Solana are held by Genesis Global Trading.
*** Subject to closing the sale of certain assets to StoryFire Inc. on March 1st, 2024.

The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure in 2024.

In addition to its cryptocurrency inventory, the Company holds approximately $3 million (CAD$4 million) in cash, a portfolio of valuable crypto domain names, and subsequent to a closing date of March 1, 2024, a 15.3% interest in StoryFire Inc.

About Tokens.com

Tokens.com is a technology holding company that also owns an inventory of cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.

Visit Tokens.com to learn more.

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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/20240213383930/en/

Tokens.com Corp.

Andrew Kiguel, CEO

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Source: Tokens.com Corp.

FAQ

What cryptocurrencies does Tokens.com currently hold?

Tokens.com currently holds Ethereum, Polkadot, Solana, and Blaze.

What is the total value of Tokens.com's cryptocurrency holdings?

The total value of Tokens.com's cryptocurrency holdings is $12,170,820.

Does Tokens.com plan to buy or sell more tokens in the future?

Tokens.com may strategically sell or buy more tokens in the future depending on its capital needs and market conditions.

What other assets does Tokens.com hold besides cryptocurrencies?

In addition to cryptocurrencies, Tokens.com holds cash, valuable crypto domain names, and a stake in StoryFire Inc.

Is there any risk associated with Tokens.com's crypto holdings?

Some of Tokens.com's assets held with Genesis Global Trading are undergoing restructuring, potentially leading to the non-recovery of some or all of those holdings.