Toronto, Ontario--(Newsfile Corp. - August 26, 2025) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) ("Red Light Holland" or the "Company"), an Ontario-based corporation engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe, as well as a premium brand of psilocybin truffles in the legal, recreational market within the Netherlands, today announced an update on its Bitcoin balance sheet strategy.
As part of its previously disclosed plan to allocate up to C$2 million toward Bitcoin and related assets, the Company has continued its disciplined accumulation strategy. To date, Red Light Holland has purchased 10,600 shares of the iShares Bitcoin ETF (IBIT.NE) at an average cost of C$44.60 per share.
In addition, the Company is working with a leading exchange to establish a corporate account that will allow Red Light Holland to fully utilize Arch Public Inc.'s algorithmic trading strategies. This step builds on the Company's July 25th announcement regarding the selection of Arch Public, on the recommendation of Lead Cryptocurrency Advisor Scott Melker, as a partner for its Bitcoin acquisitions.
Todd Shapiro, CEO and Director of Red Light Holland, commented:
"We're pleased to report meaningful progress on our Bitcoin balance sheet strategy. Not only have we grown our position in IBIT with 10,600 shares purchased to date, but we are also actively setting up the necessary infrastructure with a major exchange to begin leveraging Arch Public's strategies. This combination of disciplined ETF accumulation and sophisticated trading tools is designed to strengthen our treasury while aligning with our vision of innovation, decentralization, and long-term value creation."
"Bitcoin reflects the values of personal sovereignty, independence, and choice. These same principles guide our work in psychedelics and wellness, where we believe individuals should have access to safe, responsible, and empowering options. Whether through finance or mental health, Red Light Holland is committed to championing freedom and self-determination."
Scott Melker, Lead Cryptocurrency Advisor to Red Light Holland, added:
"Red Light Holland is taking a balanced and responsible approach to Bitcoin, combining ETF exposure with the next steps of advanced trading strategies via Arch Public, while holding Bitcoin on a reputable exchange, is a careful decision aimed at building long-term value."
This update underscores Red Light Holland's proactive approach to integrating blockchain and cryptocurrency into its operations, while continuing to pursue its mission of innovation and accessibility in the functional mushroom and psychedelics markets.
About Red Light Holland Corp.
Red Light Holland Corp. is an Ontario-based corporation engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe. The Company also offers a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with all applicable laws. Red Light Holland is dedicated to responsible adult-use psychedelics, fostering education, innovation, and accessibility in the sector.
For additional information on the Company:
Todd Shapiro
Chief Executive Officer & Director
Tel: 647-207-7129
Email: todd@redlight.co
Website: www.RedLight.co
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company's performance, business objectives and milestones and the anticipated timing thereof, and costs in connection with, the execution or achievement of such objectives and milestones, including its plans to relating to the Bitcoin strategy and to work with Scott Melker and Arch Public and a Crypto exchange and the stated goals of this consultant relationship.
Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company's ability to carryout its plans relating to the Bitcoin strategy and to work with Scott Melker, Arch Public and achieve the stated goals of this consultant relationship.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to carryout its plans relating to the Bitcoin strategy and to work with Scott Melker, Arch Public and achieve the stated goals of this consultant relationship.
Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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SOURCE: Red Light Holland Corp.
