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FRNT FINANCIAL PROVIDES UPDATE ON TREASURY HOLDINGS
FRNT FINANCIAL PROVIDES UPDATE ON TREASURY HOLDINGS Canada NewsWire ...
About this update from Frnt Financial, Inc.
[{"type":"text","content":"\n \n \n \n FRNT FINANCIAL PROVIDES UPDATE ON TREASURY HOLDINGS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n No Material Losses in Crypto Sell-Off Due to Non-Directional Arbitrage Investments\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 11, 2022\n \n \n /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (FSE: XZ3) (\"FRNT\" or the \"Company\"); a next generation institutional capital markets platform offering various trading and advisory services within cryptocurrency, provides an update on the Company's treasury holdings. The company is pleased to report that it currently holds no material directional exposure to cryptocurrency in its Treasury. As a result, the company's capital has suffered no material losses in the current cryptocurrency sell-off.\n \n \n Stéphane Ouellete, CEO and Co-Founder of FRNT Financial stated, \"While Bitcoin is down more than 50% from its high, we've used the volatility to our advantage, investing in arbitrage mandates that have historically been much more defensive and at time quite profitable, in similar crypto trading environments. To be perfectly clear, we do currently do not hold material long crypto exposure in our treasury, and our non-directional mandate has shielded us from losses in the recent downturn.\"\n \n \n About FRNT Financial Inc.\n \n \n FRNT Financial is a next generation institutional capital markets platform offering various trading and advisory services within cryptocurrency and emerging asset classes. The Company intends to present a new set of opportunities targeted to permitted clients and institutional investors while maintaining a lean, technology-forward operation. FRNT is focused on delivering expertise and products to institutional clients that allow them to effectively access alternative cryptocurrency opportunit...