Adoption rates of digital asset exposure among institutional and individual investors continue to increase steadily
Coinsquare and Bitbuy Launch TRUMP Trading on Donald Trump’s Upcoming Inauguration as President of the United States
WonderFi’s digital asset holdings reached $15 million as of January 17, 2025
Toronto, Ontario–(Newsfile Corp. – January 20, 2025) – WonderFi Technologies Inc. (TSX: WNDR ) (OTCQB: WONDF ) (WKN: A3C166 ) (the “Company” or “WonderFi”), a global leader in centralized and decentralized financial services and products, today shared updates on the Company’s ownership and treasury and announced that Coinsquare and Bitbuy now offer full support for trading official Trump money.
At the market close on January 17, 2025, WonderFi’s Bitcoin holding achieved an impressive 48 percent unrealized gain in value, while its Ethereum holding achieved an 18 percent unrealized gain in value, compared to the start of the purchase program in Q3 2024. The company achieved a basis an average cost of approximately $70,551 per Bitcoin and $2,933 per Ethereum is kept in its treasury.
“Following the launch of US Bitcoin ETFs last January, the digital asset industry has experienced unprecedented macroeconomic headwinds, which have had positive benefits for WonderFi and its operating environment,” said Dean Skurka, WonderFi’s President and CEO. “With the arrival of a US presidential administration that has indicated more favorable regulatory treatment towards digital assets, we have become more optimistic about the potential we have to deliver value to both our customers and shareholders,” added Mr. Skurka.
WonderFi also reported the value of its total portfolio of Bitcoin and other digital assets, including Ethereum and . The Company periodically rebalances this portfolio and as of market close on January 17, 2025, the value of the total portfolio was approximately CAD 15.1 million.
About WonderFi
WonderFi is one of the largest regulated crypto trading platforms in Canada and a global leader in centralized and decentralized financial services and products.
With more than $2.1 billion in assets under custody, WonderFi is well positioned to serve crypto participants globally with trading, payments and decentralized products, including dedicated blockchains and custody-less wallet applications.
Designed to provide investors with diversified exposure to investments in the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It also owns market-leading brands including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically positioned to capture market and wallet share through continued innovation within the digital asset space.
For more information, visit www.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 provisions on the safe harbor United States Private Securities Litigation Reform Act of 1995 Such forward-looking information and forward-looking statements do not represent historical facts or information or current conditions, but instead represent beliefs only WonderFi Technologies Inc. (“WonderFi” or the “Company”) regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and beyond the Company’s control. In general, such forward-looking information or forward-looking statements may be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” “believe,” “will,” “anticipated”, “planned”, “estimated”, “soon”, “potential”, “anticipate” or variations of such words.
By identifying such information and statements in this manner, the Company cautions 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 differ materially from those expressed or implied. such information and statements. Furthermore, 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 anticipated in the financial information and forward-looking statements are the following: taxation, controls or regulations and/or changes in the application of laws, policies and practices and political or economic developments events in Canada and other jurisdictions in which the Company operates or in which the Company may operate in the future; and material adverse changes in general economic, business and political conditions, including changes in financial markets and compliance with extensive government regulations; decisions on changing, pausing or terminating certain treasury management strategies; the Company’s ability to provide a competitive service within the regulated crypto asset trading platform industry; the Company’s ability to manage its capital and non-capital costs. These risks do not represent a complete list of factors that could affect the company; however, these factors should be carefully considered. If one or more of these risks, uncertainties or other factors materialize, or if the assumptions underlying the forward-looking information or statements prove incorrect, actual results could differ materially from those described herein. The impact of any assumption, risk, uncertainty or other factor on a certain 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 extensive description of the risk factors that may affect WonderFi’s business, financial condition and results of operations is set forth in the management’s discussion and analysis and financial statements for the period ended September 30, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in the preparation and expectations contained in the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements and no guarantee or warranty can be given that such information and statements forward-looking statements will prove to be accurate, as actual results and future events may 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 undertakes no obligation to update any forward-looking information and/or forward-looking statements. futures contained or referred to 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 are expressly qualified in their entirety by this notice. All financial amounts stated in this document are expressed in Canadian dollars unless otherwise stated.
To view the original version of this press release, visit https://www.newsfilecorp.com/release/237781
