Realbotix Provides Crypto Treasury Holdings Update
Realbotix Provides Crypto Treasury Holdings Update
Tokens.com (TSX-V: XBOT, Frankfurt: 76M, OTC: XBOTF), operating as Realbotix, has shared its latest cryptocurrency treasury holdings. As of June 3rd, 2024, the company holds $17.8 million in cryptocurrencies, including Ethereum, Polkadot, Solana, and Blaze. The total value of their cash and crypto holdings is approximately $19 million (CAD $26 million), equating to $0.10 per share (CAD $0.13 per share). 340 Ethereum and 18,001 Solana tokens are held by Genesis Global Trading, currently undergoing restructuring, which may impact the recoverability of these assets. The company also owns 15.3% of StoryFire and several crypto-related domains, with tokens.com up for sale. Realbotix may strategically sell more cryptocurrency depending on market conditions and internal needs.
- Realbotix holds $17.8 million in diverse cryptocurrencies.
- The total value of cash and cryptocurrency holdings is $19 million or CAD $26 million.
- Current holdings equate to $0.10 per share or CAD $0.13 per share.
- Ownership of 15.3% in StoryFire Inc. and valuable crypto-related domain names.
- Potential for strategic cryptocurrency sales based on market and internal needs.
- 340 Ethereum and 18,001 Solana tokens are held by Genesis Global Trading, which is restructuring, risking potential asset loss.
- Uncertainty around the recoverability of assets held with Genesis Global Trading.
The table below shows the crypto ownership and corresponding approximate values as of noon EDT on June 3rd, 2024.
Crypto |
Holdings |
Value |
Value CAD |
Ethereum* |
3,183 |
|
|
Polkadot |
179,479 |
|
|
Solana** |
18,055 |
|
|
Blaze |
1,111,111,111 |
|
|
Total |
|
|
|
*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
The Company may strategically sell more cryptocurrency holdings from treasury depending on its needs and market conditions. Management notes that a portion of the 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 recover the majority of its assets from Genesis based on recent settlement agreements and correspondence with Genesis.
About Realbotix*
Realbotix is focused on creating customizable, human-like robots with AI integration. With manufacturing facilities in
Our robots have human-like appearance and movements. Our proprietary AI is developed specifically for human companionship. Our strength is the integration of companionship-AI and robotics to improve the human condition through connection, learning and play.
Realbotix also owns
* As previously disclosed, the Company intends to effect a legal name change to Realbotix Corp. following the approval by shareholders of a name change resolution at the upcoming Annual General Meeting. Until the finalization of such name change, all regulatory filings will continue to occur under the Company’s current legal name, Tokens.com Corp.
Visit Realbotix.AI to learn more.
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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 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.sedarplus.ca. 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 (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240605222037/en/
Realbotix Corp.
Andrew Kiguel, CEO
Email: contact@realbotix.ai
Jennifer Karkula, Head of Communications
Email: contact@realbotix.ai
Telephone: 647-578-7490
Source: Tokens.com Corp.
FAQ
What is the value of Realbotix's cryptocurrency holdings as of June 3rd, 2024?
What is the total value of Realbotix's cash and cryptocurrency holdings?
How much is Realbotix's holdings worth per share?
Which cryptocurrencies does Realbotix hold?
What portion of Realbotix's assets are held by Genesis Global Trading?
What risks does Realbotix face with its assets held by Genesis Global Trading?
Does Realbotix own any shares in other companies?
What crypto-related domain names does Realbotix own?
Is Realbotix planning to sell any of its cryptocurrency holdings?
