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WonderFi Provides Update on Bitcoin and Ethereum Treasury Program and Other Corporate Update

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WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Canada's leader in regulated crypto trading, has provided an update on its Bitcoin and Ethereum treasury program. As of August 9, 2024, the company's total holdings were valued at approximately US$3.82 million (~$5.25 million CAD). The program, which began seven weeks ago, is set to run for a three-month period ending September 30, 2024.

WonderFi's current holdings include 44.9 Bitcoin at an average price of $54,181 USD, showing a 12.49% unrealized gain, and 418.0 Ethereum at an average price of $3,074 USD, with a 15.44% unrealized loss. The company also announced that Jaime Leverton has stepped down from the board of directors, effective August 9, 2024.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), leader canadese nel trading di criptovalute regolamentato, ha fornito un aggiornamento sul suo programma di tesoreria in Bitcoin ed Ethereum. Fino al 9 agosto 2024, il valore totale delle partecipazioni della società ammontava a circa 3,82 milioni di dollari USA (~5,25 milioni di CAD). Il programma, iniziato sette settimane fa, è previsto per una durata di tre mesi che si concluderà il 30 settembre 2024.

Le attuali partecipazioni di WonderFi comprendono 44,9 Bitcoin a un prezzo medio di 54.181 USD, mostrando un guadagno non realizzato del 12,49%, e 418,0 Ethereum a un prezzo medio di 3.074 USD, con una perdita non realizzata del 15,44%. La società ha anche annunciato che Jaime Leverton si è dimessa dal consiglio di amministrazione, con effetto dal 9 agosto 2024.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), líder en el comercio de criptomonedas reguladas en Canadá, ha proporcionado una actualización sobre su programa de tesorería en Bitcoin y Ethereum. Hasta el 9 de agosto de 2024, el valor total de las tenencias de la compañía era de aproximadamente 3,82 millones de dólares estadounidenses (~5,25 millones de CAD). El programa, que comenzó hace siete semanas, está previsto que se desarrolle durante un período de tres meses que finalizará el 30 de septiembre de 2024.

Las tenencias actuales de WonderFi incluyen 44,9 Bitcoin a un precio promedio de 54.181 USD, mostrando una ganancia no realizada del 12,49%, y 418,0 Ethereum a un precio promedio de 3.074 USD, con una pérdida no realizada del 15,44%. La compañía también anunció que Jaime Leverton ha renunciado a la junta directiva, con efecto a partir del 9 de agosto de 2024.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF)는 캐나다의 규제된 암호화폐 거래의 선두주자로서 비트코인 및 이더리움 재무 프로그램에 대한 업데이트를 제공하였습니다. 2024년 8월 9일 기준으로 회사의 총 보유 자산 가치는 약 382만 달러(약 525만 CAD)입니다. 7주 전 시작된 이 프로그램은 2024년 9월 30일에 종료되는 3개월간 진행될 예정입니다.

WonderFi의 현재 보유 자산에는 평균 가격 54,181 USD의 44.9 비트코인이 포함되어 있으며, 이는 12.49%의 미실현 이익을 나타냅니다. 또한 평균 가격 3,074 USD의 418.0 이더리움이 포함되어 있으며, 이는 15.44%의 미실현 손실을 보이고 있습니다. 회사는 또한 Jaime Leverton이 이사직에서 사임했다고 발표하였으며, 이사직 사임은 2024년 8월 9일부터 유효합니다.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), leader canadien dans le trading de cryptomonnaies régulées, a fourni une mise à jour sur son programme de trésorerie en Bitcoin et Ethereum. Au 9 août 2024, la valeur totale des avoirs de l'entreprise était d'environ 3,82 millions de dollars américains (~5,25 millions CAD). Le programme, qui a commencé il y a sept semaines, est prévu pour une durée de trois mois se terminant le 30 septembre 2024.

Les avoirs actuels de WonderFi comprennent 44,9 Bitcoin à un prix moyen de 54.181 USD, affichant un gain non réalisé de 12,49 %, et 418,0 Ethereum à un prix moyen de 3.074 USD, avec une perte non réalisée de 15,44 %. L’entreprise a également annoncé que Jaime Leverton a démissionné de son poste au conseil d'administration, avec effet au 9 août 2024.

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF), Kanadas führendes Unternehmen im regulierten Krypto-Handel, hat ein Update zu seinem Bitcoin- und Ethereum-Schatzprogramm bereitgestellt. Stand 9. August 2024 betrugen die Gesamtbestände des Unternehmens etwa 3,82 Millionen US-Dollar (~5,25 Millionen CAD). Das Programm, das vor sieben Wochen gestartet ist, soll über einen Zeitraum von drei Monaten bis zum 30. September 2024 laufen.

Die aktuellen Bestände von WonderFi umfassen 44,9 Bitcoin zu einem Durchschnittspreis von 54.181 USD, was einen nicht realisierten Gewinn von 12,49 % zeigt, und 418,0 Ethereum zu einem Durchschnittspreis von 3.074 USD, was einen nicht realisierten Verlust von 15,44 % bedeutet. Das Unternehmen kündigte außerdem an, dass Jaime Leverton zum 9. August 2024 aus dem Vorstand ausgeschieden ist.

Positive
  • WonderFi's Bitcoin holdings show a 12.49% unrealized gain
  • The company has accumulated significant crypto assets worth US$3.82 million
Negative
  • WonderFi's Ethereum holdings show a 15.44% unrealized loss
  • Board member Jaime Leverton has stepped down

Toronto, 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, 2024

Corporate 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 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 $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 supplement dated December 23, 2022, to its short form base shelf prospectus dated September 7, 2022.

For additional information, please contact:

Media Relations
Hayley Suchanek
Kaiser & Partners
Hayley.Suchanek@kaiserpartners.com
289.681.2477

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219598

FAQ

What is the current value of WonderFi's (WONDF) Bitcoin and Ethereum holdings as of August 9, 2024?

As of August 9, 2024, WonderFi's Bitcoin and Ethereum holdings were valued at approximately US$3.82 million (about $5.25 million CAD).

How many Bitcoin and Ethereum does WonderFi (WONDF) currently hold in its treasury?

WonderFi currently holds 44.9 Bitcoin and 418.0 Ethereum in its treasury.

What is the average purchase price of Bitcoin and Ethereum for WonderFi (WONDF)?

The average purchase price for WonderFi's Bitcoin holdings is $54,181 USD, and for Ethereum, it's $3,074 USD.

When is WonderFi's (WONDF) current Bitcoin and Ethereum buying program scheduled to end?

WonderFi's current Bitcoin and Ethereum buying program is scheduled to end on September 30, 2024.

WONDERFI TECHNOLOGIES INC

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