Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”), a leader in blockchain, metaverse, privacy, and cryptography-focused investments, is pleased to share updates regarding its cryptocurrency holdings and hedge fund investments.
Cryptocurrencies:
The Company currently holds 306.39 Bitcoin and 311.61 Ethereum. Recent transactions include the sale of 100 Bitcoins for an aggregate sum of USD $3,295,000 and 322 Ethereum for USD $771,190. The total proceeds from these sales amount to USD $4,066,190.
Cash Position:
Cypherpunk’s current cash and stable assets include USD $1,773,814 and USDC $4,129,800. Additionally, USD $1.5 million is allocated to structured products with a 30-day redemption notice.
Jeff Gao, CEO and President of Cypherpunk Holdings, commented on recent developments: “Over recent months, we have observed a gradual correction in the cryptocurrency market, which has now evolved into a significant challenge for many projects and their founders. From the peak in November 2021, where Bitcoin approached $70,000, to current levels nearing $30,000, the crypto community remains resilient. As stewards of our shareholders’ capital, our focus is on seeking and deploying capital into opportunities within the blockchain and crypto sectors that offer exposure, diversification, and risk management. Ultimately, our goal is to ensure survival and capital preservation. Our decision to reduce exposure to risk assets is driven by the need to preserve capital. We will continue to monitor the market for signs of recovery and redeploy capital as appropriate.”
About Cypherpunk Holdings Inc.:
Cypherpunk Holdings was established to invest in currencies, companies, technologies, and protocols that enhance or protect privacy. The Company focuses on making targeted investments in businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Animoca Brands.
Cautionary Note Regarding Forward-Looking Information:
This news release contains “forward-looking information” within the meaning of applicable securities laws. Statements that are not historical facts may include forward-looking information, identifiable by terms such as “plans,” “expects,” “estimates,” “forecasts,” and similar expressions. Forward-looking information is based on factors and assumptions believed to be reasonable at the time such statements are made but is subject to risks and uncertainties that could cause actual results to differ materially. There is no assurance that forward-looking information will prove accurate. Readers should not place undue reliance on forward-looking statements, as the Company has no obligation to update them unless required by law. Investors are cautioned against attributing undue certainty to these statements.
Officer/Director Contact:
Jeffrey Gao
Chief Executive Officer
jeff@cypherpunkholdings.com
Office: 1-647-946-1300
Investor Relations Contact:
Veronika Oswald
Investor Relations
veronika@cypherpunkholdings.com
Office: 1-647-946-1300