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Crypto

WonderFi Is Buying Bitcoin and Ethereum

July 12, 2024
•
x min read

One of the largest operators of regulated crypto exchanges in Canada is ramping up their bet on Bitcoin and Ethereum.

‍What’s happening:‍

  • WonderFi (TSX: WNDR) has announced they will begin consistently purchasing Bitcoin and Ethereum to hold directly as assets

Why it matters:‍

By the numbers:‍

  • WonderFi will begin purchasing $100,000 USD per week of both Bitcoin and Ethereum as part of an ongoing dollar cost averaging approach
  • WonderFi previously already held 40 Bitcoins and 320 Ethereum prior to beginning their new purchases
  • Approximately 324,000 Bitcoins are currently held by publicly traded companies globally, which includes significant holders such as Microstrategy (NASDAQ: MSTR) and Tesla (NASDAQ: TSLA)

Going deeper:‍

‍

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