Vancouver, Canada – October 29, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTC: LQWDF) (“LQWD” or the “Company”), a leading provider of enterprise-grade transaction infrastructure and liquidity services for the Bitcoin Lightning Network, is pleased to announce that the Company has acquired an additional ~5 Bitcoin.
With this recent purchase, LQWD now holds ~136 Bitcoin, representing 13.6 billion Satoshi’s (Sats), equating to 839 Satoshi’s per LQWD share. LQWD is debt free company and the Company’s Bitcoin holdings are free and clear of any encumbrances.
LQWD plans to continue adding Bitcoin to its balance sheet on an ongoing basis, growing the Company’s Bitcoin-Per-Share holdings. Furthermore, the Company utilizes its Bitcoin holdings to earn fees (paid in Bitcoin/Sats) on LQWD’s industry leading global transaction infrastructure for the Lightning Network.
LQWD’s Lightning Network infrastructure is well placed to continue achieving exponential transaction growth and liquidity services with over 1,200 connected channels established globally. LQWD’s Canada node recently achieved the #1 rank on the Lightning Terminal, a reflection of the stability and performance of LQWD’s network.
This recognition underscores the Company’s focus on network optimization and efficient channel management. Since launch, the LQWD’s infrastructure has routed more than 820 Bitcoin and facilitated over 942,000 transactions through its Lightning Network infrastructure.
For more details, please refer to LQWD’s corporate presentation and stay updated on our Lightning Network node growth or connect to the Company’s nodes in real time.
About LQWD Technologies Corp.
LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure 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.
For further information:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech
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 press 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.
