TORONTO, March 25, 2019 (GLOBE NEWSWIRE) — COIN Hodl Inc. (the “Company“) (TSX-V:COIN) announces today that it has liquidated all of its cryptocurrency assets for net proceeds of approximately $1.03mm CAD. The decision was made as a result of the Company’s cryptocurrency custodian, Goldmoney Wealth Limited, no longer offering custodial services.
After the sale of the cryptocurrency assets, the Company holds approximately $2.7mm CAD in cash and continues to hold 1.25mm shares of Abbax Technologies Inc. The company is considering investment opportunities in industries and sectors outside of the cryptocurrency and block chain space.
Ben Cubitt CEO
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