WonderFi Provides Update on Digital Asset Treasury

Rhea-AI Summary

WonderFi Technologies (TSX: WNDR, OTCQB: WONDF) reported significant growth in its digital asset holdings, reaching CAD$15.1 million as of January 17, 2025. The company's Bitcoin holdings achieved a 48% unrealized gain, while Ethereum holdings saw an 18% unrealized gain compared to Q3 2024 when the buying program began.

The company maintains an average cost basis of USD$70,551 per Bitcoin and USD$2,933 per Ethereum. WonderFi's subsidiaries, Coinsquare and Bitbuy, have launched trading support for the TRUMP coin in connection with the upcoming Trump presidential inauguration. CEO Dean Skurka noted that following American Bitcoin ETFs launch, the digital asset industry has experienced unprecedented macroeconomic tailwinds, with an optimistic outlook due to the incoming administration's favorable stance on digital assets.

Positive

• Digital asset holdings reached CAD$15.1 million
• 48% unrealized gain on Bitcoin holdings since Q3 2024
• 18% unrealized gain on Ethereum holdings since Q3 2024
• Expansion of trading offerings with TRUMP coin on Coinsquare and Bitbuy platforms

Negative

• None.

Adoption rates for digital asset exposure amongst institutional and individual investors continue to increase steadily

Coinsquare and Bitbuy launch trading for TRUMP in connection with the upcoming inauguration of Donald Trump as the President of the United States

WonderFi's digital asset holdings reached $15M as of January 17, 2025

Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) (the "Company" or "WonderFi"), a global leader in centralized and decentralized financial services and products, today shared an update on the Company's Bitcoin and Ethereum treasury holdings and announced that Coinsquare and Bitbuy now offer full support for the trading of the official Trump coin.

As at market close on January 17, 2025, WonderFi's Bitcoin holdings achieved an impressive 48 percent unrealized gain in value, while it's Ethereum holdings achieved 18 percent unrealized gain in value, as compared to the start of the buying program in Q3 2024. The Company has achieved an average cost basis of approximately USD$70,551 per Bitcoin, and USD$2,933 per Ethereum held in its treasury.

"Following the launch of American Bitcoin ETFs in January of last year, the digital asset industry has experienced unprecedented macroeconomic tailwinds, which have positively benefited WonderFi and its operating environment," said Dean Skurka, President & Chief Executive Officer of WonderFi. "With an incoming American presidential administration that has indicated more favourable regulatory treatment towards digital assets, we have become more optimistic for the potential we have to provide value to both our clients and shareholders," added Mr. Skurka.

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 January 17, 2025, the value of the aggregate portfolio was approximately CAD$15.1 million.

About WonderFi

WonderFi is one of the largest regulated crypto trading platforms in Canada and a global leader in centralized and decentralized financial services and products.

With over $2.1 billion 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 registrations. 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.

Additional Information

For additional information, please contact:

Media / Investor Relations
Charlie Aikenhead
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 financial 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; the Company's ability to provide a competitive service within the regulated crypto asset trading platform industry; the Company's ability to manage its capital and non-capital expenses . 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 September 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/237781

FAQ

What is the current value of WonderFi's (WONDF) digital asset holdings as of January 17, 2025?

WonderFi's digital asset holdings reached approximately CAD$15.1 million as of January 17, 2025.

What is WonderFi's (WONDF) average cost basis for Bitcoin and Ethereum?

WonderFi's average cost basis is approximately USD$70,551 per Bitcoin and USD$2,933 per Ethereum.

How much has WonderFi's (WONDF) Bitcoin and Ethereum investments gained since Q3 2024?

WonderFi's Bitcoin holdings achieved a 48% unrealized gain, while Ethereum holdings saw an 18% unrealized gain since Q3 2024.

What new cryptocurrency trading option did WonderFi's platforms launch in January 2025?

WonderFi's platforms Coinsquare and Bitbuy launched trading support for the TRUMP coin in connection with Trump's upcoming presidential inauguration.