Tokens.com Provides Crypto Inventory Update

Rhea-AI Summary

Tokens.com Corp. provides an update on its cryptocurrency holdings, revealing a total value of approximately $15.7 million USD as of May 5th, 2024. The company holds Ethereum, Polkadot, Solana, and Blaze, with plans to strategically sell or buy more tokens in the future. Tokens.com also operates in building AI-integrated humanoid robots through its subsidiary, Simulacra, and owns a stake in StoryFire Inc. Despite some assets being held by Genesis Global Trading undergoing restructuring, management remains confident in asset recovery.

Positive

• Strong cryptocurrency holdings valued at approximately $15.7 million USD.

• Diverse portfolio including Ethereum, Polkadot, Solana, and Blaze.

• Plans for strategic token transactions to meet capital needs and market conditions.

• Diversified business operations in AI-integrated humanoid robots and ownership of StoryFire Inc.

• Management's confidence in recovering assets from Genesis Global Trading despite restructuring.

• Valuable domain names such as www.tokens.com in the company's possession.

• Transparent update on cryptocurrency holdings for investor awareness.

Negative

• Potential risk of loss of some digital assets held with Genesis Global Trading due to restructuring.

• Uncertainty surrounding the recovery of all holdings from Genesis Global Trading.

• Market volatility may impact the value of cryptocurrency holdings.

• Risks associated with the cryptocurrency market and regulatory changes.

• Dependence on strategic token sales or purchases for capital requirements.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (“Tokens.com” or the “Company”) (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology company focused on building AI-integrated humanoid robots, is pleased to provide an update on its cryptocurrency holdings. All dollar figures are in United States dollars (“USD”), unless otherwise stated.

The table below shows the current crypto ownership and corresponding approximate values as of noon EST on May 5th, 2024. The Company has not sold any cryptocurrencies in 2024.

Crypto	Holdings	Value	Value CAD
Ethereum*	3,177	$9,821,227	$13,416,778
Polkadot	229,479	$1,646,950	$2,249,899
Solana**	18,055	$2,770,179	$3,784,341
Blaze	1,111,111,111	$1,500,000	$2,049,150
Total		$15,738,356	$21,500,168
*340 Ethereum are held by Genesis Global Trading which is undergoing a restructuring.
**18,001 Solana are held by Genesis Global Trading which is undergoing a restructuring.

 

Tokens.com’s cash and cryptocurrency holdings have an approximate value of $18.1 million (CAD$24.8 million) or $0.09 per share (CAD$0.13). In addition to its cash and cryptocurrency holding, the Company main operation is the building of AI-integrated humanoid robots though its newly acquired subsidiary, Simulacra. The Company also owns 15.3% of StoryFire Inc., and several crypto related domain names such as www.tokens.com.

The company may strategically sell or buy more tokens in the future depending on its capital needs and market conditions. Management notes that a portion of the digital assets (marked in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident that it will be able to recover the majority of its assets from Genesis based on recent disclosure and communication with Genesis.

About Tokens.com

Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com owns 100% of Simulacra Corp, 15.3% of StoryFire Inc., an inventory of cryptocurrencies and several crypto related domain names.

Stay up to date with the latest news by signing up to our newsletter at www.tokens.com and our most recent investor presentation here.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507068483/en/

Tokens.com Corp.

Andrew Kiguel, CEO

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Telephone: 647-578-7490

Source: Tokens.com Corp.

FAQ

What is the total value of Tokens.com's cryptocurrency holdings as of May 5th, 2024?

Tokens.com's cryptocurrency holdings are valued at approximately $15.7 million USD.

Which cryptocurrencies are included in Tokens.com's portfolio?

Tokens.com holds Ethereum, Polkadot, Solana, and Blaze in its cryptocurrency portfolio.

What other operations does Tokens.com engage in apart from cryptocurrency holdings?

Tokens.com is involved in building AI-integrated humanoid robots through its subsidiary, Simulacra, and holds a stake in StoryFire Inc.

Is there a risk associated with Tokens.com's digital assets held by Genesis Global Trading?

Yes, there is a potential risk due to Genesis Global Trading undergoing restructuring, which may impact the recovery of some holdings.

Will Tokens.com consider selling or buying more tokens in the future?

Yes, Tokens.com may strategically sell or buy more tokens based on its capital needs and market conditions.