Business
WonderFi Provides Update on Bitcoin and Ethereum Treasury Program and Other Corporate Update
Toronto, Ontario--(Newsfile Corp. - August 12, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OT...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"WonderFi Provides Update on Bitcoin and Ethereum Treasury Program and Other Corporate UpdateToronto, 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$3.82M (~$5.25M CAD). The following are the holdings from the digital assets purchases made from the start of the Bitcoin and Ethereum buying program, in addition to the Bitcoin and Ethereum that were held prior to the start of this program:Bitcoin (BTC) Avg. Price ($USD)Unrealized BTC Gain/Loss*Ethereum (ETH)Avg. Price ($USD)Unrealized ETH Gain/Loss*Existing Treasury 40.0 $ 53,255 14.44%320.0 $ 3,078 -15.55%Q3 Buying Program 4.9 $ 61,783 -1.36%98.0 $ 3,063 -15.12%Total44.9 $ 54,181 12.49%418.0 $ 3,074-15.44% *As at market close August 9, 2024Corporate 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 WONDERFIWonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products.With over $1.35B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications.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 sup...