LAS VEGAS--(BUSINESS WIRE)--Realbotix Corp. (TSX-V: XBOT) (Frankfurt Stock Exchange: 76M0.F) (OTC: XBOTF) (“Realbotix” or the “Company”), a leading creator of humanoid robots and companionship-based AI, is pleased to provide an update on its cryptocurrency treasury holdings. All dollar figures are in United States dollars (“USD”), unless otherwise stated.
Realbotix’s cash, cash equivalents, and cryptocurrency holdings have an approximate value of $15.3 million or CAD$21.5 million as of December 5th, 2024. The Company maintains a significant portion of its treasury in staked and unstaked cryptocurrency assets which have increased by a weighted average of 52% since November 1st, 2024. The table below shows the crypto ownership and corresponding approximate values as of 1PM EDT on December 5th, 2024.
Crypto | Holdings | Value | Value CAD |
Ethereum* | 3,011.61 | $11,803,994 | $16,602,311 |
Solana** | 10,087 | $2,421,554 | $3,405,915 |
Blaze | 1,111,111,111 | $146,111 | $205,505 |
Total |
| $14,371,660 | $20,213,731 |
*83.6 Ethereum is held by Genesis Global Trading which is undergoing a restructuring. | |||
**10,033 Solana is held by Genesis Global Trading which is undergoing a restructuring. | |||
During the months of November and December, Realbotix disposed of some cryptocurrency in its treasury for working capital purposes and to capitalize on the recent appreciation in the value of its assets.
“The company remains well-capitalized with cryptocurrencies that have performed strongly in November and thus far in December. We remain firm believers in the crypto ecosystem,” said Realbotix CEO Andrew Kiguel. “Our company’s expansion into AI and robotics is particularly exciting as, alongside crypto, we are actively participating in some of the fastest-growing tech sectors globally.”
The Company also owns several crypto related domain names such as Tokens.com, TokensTrade.com, TokensArt.com and TokensGaming.com, which are currently for sale and carried at zero value on the Company’s balance sheet.
The Company may strategically buy or sell more cryptocurrency holdings depending on its needs and market conditions. Management notes that a portion of the assets (marked in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Assets held at Genesis are currently carried at zero on the balance sheet. Management is confident that it will recover the majority of its assets from Genesis based on recent settlement agreements and correspondence with Genesis.
About Realbotix
Transcending the barrier between man and machine, Realbotix creates customizable, full-bodied, humanoids with AI integration that improve the human experience through connection, learning and play. Manufactured in the USA, Realbotix has a reputation for having the highest quality humanoid robots and the most realistic silicone skin technology. Our target addressable markets are massive, most of them in the tens or hundreds of billions USD.
Realbotix sells humanoid products with embedded AI to enable human-like social interactions and intimate connections with humans. Our integration of hardware and AI software results in the most human looking full-sized robots on this planet. We achieve this through patented technologies that deliver human-like appearance and movements. This versatility makes our robots and their personalities customizable and programmable to suit a wide variety of use cases.
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Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Realbotix Corp.
Andrew Kiguel, CEO
Email: contact@realbotix.ai
Jennifer Karkula, Head of Communications
Email: contact@realbotix.ai
Telephone: 647-578-7490