WONDERFI TECHNOLOGIES INC - WONDF STOCK NEWS

WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) has appointed Paul Pathak to its Board of Directors, effective January 17, 2025. This appointment aligns with the Board's refreshment practices, focusing on optimizing the mix of skills and expertise among board members.

Pathak, a partner at a Toronto-based law firm, brings extensive public market experience, having served on boards of both Canadian and American stock exchanges. Called to the Ontario Bar in 1994, he specializes in corporate, securities, corporate finance, mergers and acquisitions, and commercial law.

Dean Skurka, President and CEO of WonderFi, emphasized that having board members with governance and capital markets expertise in both Canada and the United States is important for the company's continued transformation.

WonderFi Technologies (TSX: WNDR, OTCQB: WONDF) has acquired intellectual property from Blade Labs focused on Solana ecosystem tooling and infrastructure through an all-cash transaction. The acquisition includes Blade Labs' Solana debugging tool, Bokken, and other Solana-based infrastructure.

The acquired assets are intended to enhance WonderFi Labs' open-source Solana-based tooling and on-chain offerings. This non-dilutive acquisition aligns with WonderFi's belief in an on-chain future and support for the Solana ecosystem.

The announcement comes amid Solana's significant growth, with its native token SOL reaching a $90 billion market cap. The network has demonstrated strong user engagement with over 4.5 million daily active addresses and more than $8 billion in total value locked.

WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) has released its Q4 2024 financial guidance, projecting total revenue and interest income between $20.5-$21.0 million for Q4, marking a 156% increase from the previous quarter. The company expects positive EBITDA of $4.2-$4.5 million with a 21-22% margin.

Full-year 2024 revenue is projected at $61.5-$62 million, with cash and digital assets expected to reach $48.5 million by year-end, showing a 30% year-over-year increase. The company's cryptocurrency platforms, Bitbuy and Coinsquare, processed over $1.1 billion in trading volumes during Q4, with client assets under custody reaching $2.1 billion, up 110% from the previous year. Additionally, clients staked approximately $108 million in cryptocurrencies.

The company has also completed a share buyback program, repurchasing 7.3 million common shares at an average price of $0.20.

WonderFi Technologies reported record-breaking performance in November 2024 through its Bitbuy and Coinsquare crypto trading platforms. The company achieved $8.5 million in revenue and interest income, a 141% increase from October and 210% increase from Q3 2024 monthly average. Trading volumes reached $450 million, up 185% from Q3 2024 monthly average. Client assets under custody surpassed $2.2 billion, marking a 125% year-to-date increase. User registrations exceeded 20,000, showing a 120% increase from October. The company also repurchased 3,075,500 common shares at an average price of $0.195.

WonderFi Technologies has announced that its Bitbuy and Coinsquare crypto trading platforms have surpassed $2.1 billion in client assets under custody, marking a 65% increase since Q3 and 110% growth year-to-date. Client cash balances have increased 66% since quarter-end. The platforms' staked assets have reached $120 million, showing a 165% year-to-date increase, including a 50% surge since quarter-end. Both platforms have experienced growth in revenue, client registrations, and assets under custody amid positive market sentiment and increasing acceptance of digital assets as a long-term investment option.

WonderFi Technologies reports record weekly trading performance across its regulated crypto platforms Bitbuy and Coinsquare. For the week of Nov. 4-10, 2024, Bitbuy saw retail trading volume and revenue increase by 82% and 111% respectively, while Coinsquare experienced gains of 86% and 169% compared to Q3 2024 weekly averages. Transaction values reached $26.97M for Bitbuy and $39.1M for Coinsquare. User engagement surged with Bitbuy's transacting users up 90% and Coinsquare's up 123%. Total assets under custody rose 34% since September to $1.7B.

WonderFi Technologies reported strong Q3 2024 results with $8.2 million in revenue and interest income, contributing to a total of $41 million for the nine months ended September 30th, marking a 153% increase year-over-year. The company's cash and digital assets reached $42 million, up from $37.3 million in December 2023. Trading volumes hit $2.3 billion in the nine-month period, a 212% increase from 2023. Bitbuy and Coinsquare achieved consolidated revenues of $35 million and $14.6 million in adjusted EBITDA. The company reduced corporate expenses by 22% and launched several initiatives including WonderFi Labs and Bitbuy APAC.

WonderFi Technologies reported a 30% unrealized gain in its Bitcoin treasury holdings since initiating its buying program in Q3 2024, with an average cost basis of USD$54,061 per Bitcoin. As Bitcoin surpassed CAD$100,000, the company's aggregate portfolio of digital assets, including Bitcoin, Ethereum, and Solana, reached approximately $9 million as of October 29, 2024.

The company also announced that 6,760,002 common share purchase warrants have expired, reducing its fully-diluted outstanding securities. WonderFi maintains an active normal course issuer bid program for potential share repurchases to enhance shareholder value.

WonderFi Technologies (TSX: WNDR) has announced a strategic partnership with Fundstrat's FS Insight to provide exclusive cryptocurrency research and insights to Canadian investors through its platforms Bitbuy and Coinsquare. The partnership will give users access to exclusive content from renowned analysts Tom Lee and Mark Newton, including research, webinars, and interviews. Content will be distributed via opt-in daily emails and integrated throughout Coinsquare and Bitbuy offerings, starting this quarter. Tom Lee, a former JPMorgan Chief Equity Strategist and CNBC contributing editor, brings over three decades of research expertise to this collaboration.