Tokens.com Provides Crypto Inventory Update
Tokens.com Corp. provides an update on its cryptocurrency holdings, revealing the current value of its crypto assets and investments. The company holds Ethereum, Polkadot, Solana, and Blaze tokens, along with a cash reserve, crypto domain names, and a stake in StoryFire Inc. The total value of its crypto holdings is $15.4 million USD, with a value per common share of $0.13 USD. Tokens.com remains vigilant about its assets held with Genesis Global Trading, which is undergoing restructuring, but expresses confidence in recovering the majority of its holdings.
02/29/2024 - 07:30 AM
TORONTO --(BUSINESS WIRE)--
Tokens.com Corp. (Cboe Canada: COIN | Frankfurt Stock Exchange: 76M | OTCQB: 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 28, 2024. All dollar figures are in United States dollars (“USD ”), unless otherwise stated.
In addition to its cryptocurrency inventory below, the Company holds approximately $2.5 million CAD$3.5 million ) in cash, a portfolio of valuable crypto domain names, and subsequent to a closing date of March 1, 2024, a 15.3% interest in StoryFire Inc.
Crypto
Holdings
Value
Value ($CAD)
Ethereum*
3,160
$10,829,888
$14,699,407
Polkadot
229,332
$1,983,493
$2,692,195
Solana**
18,055
$2,095,102
$2,843,682
Blaze***
1,111,111,111
$500,000
$678,650
Total Value
$15,408,483
$20,913,934
Total Token
****
$0.13
$0.17
*340 Ethereum are held by Genesis Global Trading.
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 by Genesis. In addition, claims held by those with deposits at Genesis, such as Tokens.com, are selling in the open market for over 90% of their implied value.
About Tokens.com
Tokens.com is a technology holding company that owns an inventory of cryptocurrency 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/20240229325527/en/
Tokens.com Corp.
Andrew Kiguel, CEO
contact@tokens.com
contact@tokens.com
Source: Tokens.com Corp.
What cryptocurrencies does Tokens.com Corp. hold?
Tokens.com Corp. holds Ethereum, Polkadot, Solana, and Blaze tokens.
What is the total value of Tokens.com Corp.'s cryptocurrency holdings?
The total value of Tokens.com Corp.'s cryptocurrency holdings is $15.4 million USD.
What is the value per common share of Tokens.com Corp.?
The value per common share of Tokens.com Corp. is $0.13 USD.
What stake does Tokens.com Corp. have in StoryFire Inc.?
Tokens.com Corp. has a 15.3% interest in StoryFire Inc.
What assets does Tokens.com Corp. hold in addition to cryptocurrencies?
In addition to cryptocurrencies, Tokens.com Corp. holds a cash reserve, valuable crypto domain names, and a stake in StoryFire Inc.
