Third quarter DCA program leveraging Bitcoin's recent gains, while taking advantage of buying opportunities in Ethereum
September 03, 2024 8:00 AM EDT | Source: WonderFi Technologies Inc.
Toronto, Ontario--(Newsfile Corp. - September 3, 2024) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (the "Company" or "WonderFi"), Canada's leader in regulated crypto trading, has entered the tenth 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 30, 2024, the total combined value of the Company's Bitcoin and Ethereum holdings were approximately US$4.02M (~$5.42M 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 ( SEE IMAGE)
*As at market close August 30, 2024
"The continued movement we're seeing in the digital assets market reinforces our commitment to a dollar-cost averaging strategy in building our treasury," said Dean Skurka, President and CEO of WonderFi. "The buying program is positioned well to benefit from Bitcoin's recent gains and take advantage of the buying opportunity that Ethereum presents right now. The overall momentum of the market is strong and continues to fuel a very positive outlook for the remainder of the year."
WonderFi also announced a number of events during September that they will be attending and speaking at, including:
- H.C. Wainwright 26th Annual Global Investment Conference, September 9-11, in New York
- Investor TV Live Panel on Blockchain, September 13
- The MoneyShow, September 13-14, in Toronto, ON
- TOKEN2049, September 18-19, in Singapore
- BetaKit Talks: You Don't Know Crypto, Presented by WonderFi, September 24, in Toronto, ON
- The ArcStone-Kingswood Growth Summit 2024,September 26, in Toronto, ON
- National Club Investor Roundtable, September 26, in Toronto, ON
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 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.
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 March 31, 2024, available on its SEDER+ 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.
SOURCE: WonderFi Technologies Inc.