WonderFi Technologies has announced impressive growth in its digital asset holdings, totaling CAD$15.1 million as of January 17, 2025. The company achieved a remarkable 48% unrealized gain in its Bitcoin investments and an 18% gain in Ethereum since starting its buying program in Q3 2024. WonderFi maintains an average purchase cost of about USD$70,551 for Bitcoin and USD$2,933 for Ethereum. Additionally, its subsidiaries, Coinsquare and Bitbuy, have begun trading the TRUMP coin ahead of Donald Trump’s presidential inauguration. CEO Dean Skurka expressed optimism regarding the digital asset industry due to favorable regulatory conditions anticipated from the incoming administration and the recent launch of Bitcoin ETFs in the U.S.
WonderFi Technologies Reports Major Growth in Digital Asset Portfolio
As of January 17, 2025, WonderFi Technologies (TSX: WNDR, OTCQB: WONDF) announced substantial growth in its digital assets, now valued at CAD$15.1 million. This reflects a remarkable 48% unrealized gain on its Bitcoin holdings and an 18% unrealized gain on Ethereum since the buying program kicked off in the third quarter of 2024.
The average cost basis for Bitcoin is approximately USD$70,551, while Ethereum stands at USD$2,933. Highlighting their strategic expansion, WonderFi’s subsidiaries, Coinsquare and Bitbuy, have launched support for trading the newly introduced TRUMP coin, coinciding with Donald Trump’s upcoming presidential inauguration.
CEO Dean Skurka shared insights on the Market conditions, indicating that the launch of American Bitcoin ETFs last January has ushered in unusually positive macroeconomic factors for the digital asset sector. With a new administration set to favor digital assets, he expressed optimism about the company’s potential to enhance value for its clients and stakeholders.
In summary, WonderFi has not only increased its asset holdings but is also adapting its trading offerings in line with current Market trends, positioning itself for ongoing success in the evolving digital landscape.
Tags: WonderFi Technologies, digital assets, Bitcoin, Ethereum, TRUMP coin, financial growth, cryptocurrency news, asset management.
What is the recent Bitcoin gain reported by WonderFi?
WonderFi recently reported a significant 48% gain in Bitcoin. This shows strong growth and interest in cryptocurrency trading.
What is TRUMP Coin?
TRUMP Coin is a new cryptocurrency launched by WonderFi. This coin is designed to offer a unique trading option for investors.
How does the launch of TRUMP Coin affect trading on Coinsquare?
The launch of TRUMP Coin expands the trading options available on Coinsquare. Investors can now buy and sell this new cryptocurrency alongside others like Bitcoin.
Why is WonderFi expanding its trading options?
WonderFi is expanding its trading options to attract more users and provide diverse investment opportunities. More coins can mean more trading volume and profits.
Is investing in cryptocurrencies like Bitcoin and TRUMP Coin risky?
Yes, investing in cryptocurrencies does come with risks. Prices can go up and down quickly, so it’s important to do research and invest wisely.
