Tokens.com Provides Crypto Inventory Update
- Steady increase in cryptocurrency values since January 1, 2024
- Significant holdings of Ethereum, Polkadot, and Solana
- Cash position of approximately US$3.05 million
- Initiation of a strategic review for potential full or partial sale of business divisions or IP
- Exploration of sale of domain names with the retention of a broker
- Establishment of an independent committee of the board to review potential transactions
- Anticipation of releasing 2023 year-end audited financial statements before the end of January
- None.
Crypto currency values have seen a steady increase in value since January 1, 2024. The table below shows our key crypto token holdings and corresponding value as of January 15, 2024 based on 1 Eth
Crypto |
Quantity |
Value ($USD) |
Value ($CAD) |
Eth |
3,148 |
|
|
Dot |
227,157 |
|
|
Solana |
18,055 |
|
|
Total |
|
|
|
*340 Ethereum are held at Genesis Global Trading which is undergoing a restructuring process that may result in some of the tokens not being returned at full value.
**18,001 Solana are held at Genesis Global Trading which is undergoing a restructuring process that may result in some of the tokens not being returned at full value.
In addition to the table above, Tokens.com is supported by a current cash position of approximately
Other Updates
On November 8th, the Company announced that it has commenced a strategic review that could result in a full or partial sale of the business divisions or IP within those divisions. The Company is also exploring sale of its domain names and has retained a broker to accomplish that task. An independent committee of the board has been established to review potential transactions.
Neither the Board nor the Committee have set a timetable to complete the strategic review process nor have any final decisions been made relating to strategic alternatives at this time. To date, management has been involved in several conversations with third parties to enhance shareholder value, although, at this time the Company does not have an update.
The Company also anticipates releasing its 2023 year-end audited financial statements before the end of January.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also earns revenues through staking an inventory of owned cryptocurrencies.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit Tokens.com to learn more.
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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/20240115302318/en/
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: contact@tokens.com
Jennifer Karkula, Head of Communications
Email: contact@tokens.com
Source: Tokens.com Corp.
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