Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQB: LQWDF) ("LQWD" or the "Company"), a leading provider of enterprise-grade transaction infrastructure and liquidity-on-demand for the Bitcoin Lightning Network, is pleased to announce that the Company has acquired an additional ~5 Bitcoin.
LQWD now holds ~141 Bitcoin, representing 14.1 billion Satoshis (Sats). LQWD remains a debt free company, and these Bitcoin holdings are free and clear of any encumbrances.
This additional purchase forms part of LQWD's ongoing strategic plan launched in 2021 to accumulate Bitcoin as a store-of-value, Bitcoin per share backing and as an operating asset for the Company's Lightning Network platform.
LQWD deploys Bitcoin on the Company's highly scalable global infrastructure network to expand market share and earn fees which are paid in Bitcoin Satoshis.
About LQWD Technologies Corp.
LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure and liquidity-on-demand to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.
Forward-Looking Statements
This release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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