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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Comment by robvcon Mar 07, 2021 7:48am
91 Views
Post# 32738083

RE:BNXA HODLing Bitcoin, $8.5M worth as of December.

RE:BNXA HODLing Bitcoin, $8.5M worth as of December. This is right from their financial statements ending dec 2020.

Note 7. Current assets – inventory 31 Dec 2020 30 June 2020 $ $ Crypto currency held for resale 5,586,851 33,059 Crypto currency inventories are measured at fair value less cost to sell in accordance with the consolidated entity’s accounting policy for crypto currencies and in accordance with IAS 2 Inventories. Earnings for the six month period ended 31 December 2020 include an unrealised gain on fair value re-measurement of $2,364,622. Note 8. Current assets - deposits

So yes Banx  holds crypto currency. Cheers
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