I’m glad to see COIN.n SMURF provide an update on its digital asset inventory today with the volatile crypto prices and the ongoing turmoil caused by the bankruptcy of FTX and BlockFi.
They sold some of their tokens, more specifically staking rewards they’ve generated this year and divested its smaller non-core holdings of Oasis Rose, ANKR, Mana and SHIB. The gross proceeds of the sales = approx. $1.4M CAD.
COIN will continue to focus on holding Layer 1 digital assets (primarily Ethereum and Polkadot) post the rebalancing and for now are well capitalized with a strong cash balance and an inventory of blue chip tokens that enable it to withstand a prolonged ‘crypto winter’.
https://www.businesswire.com/news/home/20221208005141/en/