WonderFi Provides Update on Bitcoin and Ethereum Treasury Program and Other Corporate Update
Rhea-AI Summary
WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Canada's leader in regulated crypto trading, has provided an update on its Bitcoin and Ethereum treasury program. As of August 9, 2024, the company's total holdings were valued at approximately US$3.82 million (~$5.25 million CAD). The program, which began seven weeks ago, is set to run for a three-month period ending September 30, 2024.
WonderFi's current holdings include 44.9 Bitcoin at an average price of $54,181 USD, showing a 12.49% unrealized gain, and 418.0 Ethereum at an average price of $3,074 USD, with a 15.44% unrealized loss. The company also announced that Jaime Leverton has stepped down from the board of directors, effective August 9, 2024.
Positive
- WonderFi's Bitcoin holdings show a 12.49% unrealized gain
- The company has accumulated significant crypto assets worth US$3.82 million
Negative
- WonderFi's Ethereum holdings show a 15.44% unrealized loss
- Board member Jaime Leverton has stepped down
News Market Reaction
On the day this news was published, WONDF declined 0.37%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - August 12, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (the "Company" or "WonderFi"), Canada's leader in regulated crypto trading, has entered the seventh week of its treasury Bitcoin and Ethereum buying program, which is running for a three-month period ending September 30, 2024.
As at market close on August 9, 2024, the total value of the Company's Bitcoin and Ethereum holdings were approximately US
| Bitcoin (BTC) | Avg. Price ($USD) | Unrealized BTC Gain/Loss* | Ethereum (ETH) | Avg. Price ($USD) | Unrealized ETH Gain/Loss* | |
| Existing Treasury | 40.0 | $ 53,255 | 320.0 | $ 3,078 | - | |
| Q3 Buying Program | 4.9 | $ 61,783 | - | 98.0 | $ 3,063 | - |
| Total | 44.9 | $ 54,181 | 418.0 | $ 3,074 | - |
*As at market close August 9, 2024
Corporate Update
The Company also announces that Jaime Leverton has stepped down from the Company's board of directors, effective August 9, 2024. WonderFi thanks Jaime for her advice and counsel during her tenure on the board.
ABOUT WONDERFI
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare and SmartPay.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi.
This news release constitutes "a designated news release" for the purposes of the Company's prospectus supplement dated December 23, 2022, to its short form base shelf prospectus dated September 7, 2022.
For additional information, please contact:
Media Relations
Hayley Suchanek
Kaiser & Partners
Hayley.Suchanek@kaiserpartners.com
289.681.2477
Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: taxation, controls or regulations and/or changes in the administration of laws, policies and practices and political or economic developments in Canada and other jurisdictions in which the Company carries on business or in which the Company may carry on business in the future; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation, decisions to modify, pause or discontinue certain treasury management strategies. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended June 30, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219598
FAQ
What is the current value of WonderFi's (WONDF) Bitcoin and Ethereum holdings as of August 9, 2024?
How many Bitcoin and Ethereum does WonderFi (WONDF) currently hold in its treasury?
What is the average purchase price of Bitcoin and Ethereum for WonderFi (WONDF)?
When is WonderFi's (WONDF) current Bitcoin and Ethereum buying program scheduled to end?
