WonderFi Achieves 30% Increase in Bitcoin Treasury Assets Since Implementation of Strategic Buying Program
T.WNDR | 8 days ago
On Tuesday, Bitcoin surpassed CAD$100,000 as global demand for digital assets continues to gain momentum
Adoption rates among institutional and individual investors increasing steadily
Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - WonderFi Technologies Inc. (TSX: WNDR) ("WonderFi" or the "Company"), a global leader in centralized and decentralized financial services and products, today released an update on the Company's Bitcoin treasury holdings.
As at market close on October 29, 2024, WonderFi's Bitcoin holdings achieved an impressive 30 percent unrealized gain in value, as compared to the start of the buying program in Q3 2024. The Company achieved an average cost basis of approximately USD$54,061 per Bitcoin held in its treasury.
"We're very pleased with the continued progress made by the digital asset industry this year" said Dean Skurka, President & CEO of WonderFi. "The industry continues to mature and expand globally, and this in turn is improving the confidence of individual investors in the asset class. Bitcoin just reached an all-time high in Canada, with adoption rates among both institutional and individuals increasing steadily."