WonderFi Achieves 30% Increase in Bitcoin Treasury Assets Since Implementation of Strategic Buying Program
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 ha riportato un guadagno non realizzato del 30% nelle sue riserve di Bitcoin dall'inizio del suo programma di acquisti nel terzo trimestre del 2024, con un costo medio di USD $54,061 per Bitcoin. Con il Bitcoin che ha superato i CAD $100,000, il portafoglio aggregato dell'azienda di asset digitali, inclusi Bitcoin, Ethereum e Solana, ha raggiunto circa 9 milioni di dollari al 29 ottobre 2024.
L'azienda ha inoltre annunciato che 6,760,002 warrant di acquisto di azioni ordinarie sono scaduti, riducendo così i suoi titoli in circolazione completamente diluiti. WonderFi mantiene un attivo programma di offerta di acquisto di azioni nel normale corso delle sue attività per potenziali riacquisti di azioni al fine di aumentare il valore per gli azionisti.
WonderFi Technologies reportó una ganancia no realizada del 30% en sus tenencias de Bitcoin desde que inició su programa de compras en el tercer trimestre de 2024, con un costo medio de USD $54,061 por Bitcoin. A medida que el Bitcoin superó los CAD $100,000, la cartera agregada de activos digitales de la empresa, incluidos Bitcoin, Ethereum y Solana, alcanzó aproximadamente $9 millones al 29 de octubre de 2024.
La compañía también anunció que 6,760,002 garantías de compra de acciones comunes han expirado, lo que reduce sus valores emitidos totalmente diluidos. WonderFi mantiene un programa activo de oferta de compra en el curso normal de sus actividades para posibles recompras de acciones con el fin de aumentar el valor para los accionistas.
WonderFi Technologies는 2024년 3분기부터 구매 프로그램을 시작한 이후 비트코인 재무 자산에서 30%의 미실현 이익을 보고했으며, 비트코인당 평균 비용 기준은 USD $54,061입니다. 비트코인이 CAD $100,000을 초과하면서 2024년 10월 29일 현재 회사의 비트코인, 이더리움 및 솔라나를 포함한 디지털 자산 총 포트폴리오는 약 900만 달러에 달했습니다.
회사는 또한 6,760,002개의 보통주 매수 워런트가 만료되었음을 발표했으며, 이로 인해 완전 희석 주식 수가 줄어들었습니다. WonderFi는 주주 가치를 높이기 위해 잠재적 주식 재매입을 위한 정상적인 주식 매입 프로그램을 적극적으로 유지하고 있습니다.
WonderFi Technologies a rapporté un gain non réalisé de 30% sur ses avoirs en Bitcoin depuis le début de son programme d'achat au troisième trimestre 2024, avec un coût moyen de USD $54,061 par Bitcoin. Alors que le Bitcoin a franchi la barre des CAD $100,000, le portefeuille agrégé de l'entreprise en actifs numériques, comprenant Bitcoin, Ethereum et Solana, a atteint environ 9 millions de dollars au 29 octobre 2024.
L'entreprise a également annoncé que 6,760,002 bons de souscription d'actions ordinaires avaient expiré, réduisant ainsi ses titres en circulation entièrement dilués. WonderFi maintient un programme actif d'offre publique de rachat d'actions dans le cours normal de ses activités afin d'accroître la valeur pour ses actionnaires.
WonderFi Technologies berichtete von einem nicht realisierten Gewinn von 30% aus seinen Bitcoin-Beständen seit Beginn seines Kaufprogramms im dritten Quartal 2024, mit einem durchschnittlichen Kostenbasis von USD $54,061 pro Bitcoin. Als Bitcoin die Marke von CAD $100,000 überschritt, erreichte das gesamte Portfolio des Unternehmens an digitalen Vermögenswerten, einschließlich Bitcoin, Ethereum und Solana, am 29. Oktober 2024 etwa 9 Millionen Dollar.
Das Unternehmen gab auch bekannt, dass 6,760,002 Kaufwarrants für Stammaktien abgelaufen sind, was die insgesamt ausstehenden Wertpapiere verringert. WonderFi führt ein aktives normales Rückkaufangebot durch, um den Wert für die Aktionäre zu steigern.
- 30% unrealized gain in Bitcoin treasury holdings since Q3 2024
- Digital asset portfolio valued at approximately $9 million
- Reduction in fully-diluted share count by 6,760,002 warrants
- None.
On Tuesday, Bitcoin surpassed CAD
Adoption rates among institutional and individual investors increasing steadily
Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - WonderFi Technologies Inc. (TSX: WNDR) ("WonderFi" or the "Company"), a global leader in centralized and decentralized financial services and products, today released an update on the Company's Bitcoin treasury holdings.
As at market close on October 29, 2024, WonderFi's Bitcoin holdings achieved an impressive 30 percent unrealized gain in value, as compared to the start of the buying program in Q3 2024. The Company achieved an average cost basis of approximately USD
"We're very pleased with the continued progress made by the digital asset industry this year" said Dean Skurka, President & CEO of WonderFi. "The industry continues to mature and expand globally, and this in turn is improving the confidence of individual investors in the asset class. Bitcoin just reached an all-time high in Canada, with adoption rates among both institutional and individuals increasing steadily."
WonderFi also reported on the value of its aggregate portfolio of Bitcoin and other digital assets, including Ethereum and Solana. The Company rebalances this portfolio periodically and as of market close on October 29, 2024, the value of the aggregate portfolio was approximately
Update on Capital Structure
WonderFi also reported that a total of 6,760,002 common share purchase warrants (WNDR.WT.B) have expired, reducing the Company's fully-diluted outstanding securities by this amount. These common share purchase warrants were issued in connection with WonderFi's previous
The Company also has in place a normal course issuer bid program ("NCIB"). The Company may continue to purchase and cancel shares from time to time, with a goal of increasing shareholder value.
ABOUT WONDERFI
WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products.
With over
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 licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
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
For additional information, please contact:
Investor Relations
Charlie Aikenhead
WonderFi
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: taxation, controls or regulations and/or changes in the administration of laws, policies and practices and political or economic developments in Canada and other jurisdictions in which the Company carries on business or in which the Company may carry on business in the future; and material adverse changes in general economic, business and political conditions, including changes in the financial markets and compliance with extensive government regulation, decisions to modify, pause or discontinue certain treasury management strategies. These risks are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended June 30, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
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