WonderFi Technologies Inc. Continues Bitcoin and Ethereum Treasury Buying Program

WonderFi Technologies Inc. is making waves in the world of cryptocurrency trading as it enters the third week of its three-month Bitcoin and Ethereum treasury buying program. The program, set to end on September 30, 2024, has already seen the company accumulate a total of approximately US$3.85 million (~$5.27 million CAD) worth of Bitcoin and Ethereum holdings as of July 15, 2024.

Prior to the start of the program, WonderFi had 40.0 BTC and 320.0 ETH in its treasury, with unrealized gains of 18.95% for Bitcoin and 10.65% for Ethereum. The Q3 treasury program has added 1.8 BTC and 32.8 ETH, with unrealized gains of 10.94% for Bitcoin and 11.63% for Ethereum.

Dean Skurka, President and CEO of WonderFi, commented on the current market conditions, stating that the macro set-up for digital assets remains favorable. With the recent launch of Bitcoin ETFs and the upcoming launch of Ethereum ETFs in the US, WonderFi is strategically accumulating assets at what they believe to be favorable levels.

WonderFi is a Canadian leader in regulated crypto trading, with over $1.5 billion in assets under custody across all its brands. The company aims to provide investors with diversified investment exposure across the global digital asset ecosystem and has expanded its operations internationally.

Investors and cryptocurrency enthusiasts alike are keeping a close eye on WonderFi’s treasury buying program as the company continues to navigate the ever-evolving landscape of digital assets. With strong gains already realized and a positive outlook for the future, WonderFi is poised to make a significant impact in the world of cryptocurrency trading.