Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”), a leader in blockchain, privacy, and cryptography-focused investments, is pleased to announce several key updates regarding its holdings.
Purchase of Animoca Brands Shares
The Company has acquired 9.09 million ordinary shares of Animoca Brands Corporation Limited (“Animoca Brands”) through secondary market transactions, at an aggregate purchase price of approximately AUD $10 million (CAD $9.42 million).
Tony Guoga, Cypherpunk’s Chief Executive Officer, commented: “We are thrilled to reinvest in Animoca Brands. Our previous investment in 2021 was highly successful, yielding a profit of over 250% upon our exit. We believe Animoca Brands is currently undervalued due to its diverse assets in the Metaverse, NFT, and GameFi sectors. We have confidence in Animoca Brands’ management and vision and expect them to deliver significant value to shareholders.”
Sale of IPv4 Addresses
Cypherpunk has recently sold its entire holding of 24,572 IPv4 addresses for CAD $1,155,000.
Structured Products: AB Digital Strategies Fund
The Company has divested its stake in the AB Digital Strategies Fund, managed by Isla Capital Ltd., for proceeds of CAD $1.57 million, which represents a 22% loss on the initial investment.
Currently, Cypherpunk does not have any other direct exposure to cryptocurrencies.
Other Investments
The Company maintains its investments in Chia Networks Inc., zkSnacks Ltd (dba Wasabi Wallet), NGRAVE, and Samourai Wallet. Additionally, Cypherpunk owns approximately 2500 TH of mining hardware, operated under contract by MineOn LLC (dba MiningStore).
About Cypherpunk Holdings Inc.
Cypherpunk Holdings was established to invest in currencies, companies, technologies, and protocols that enhance or protect privacy. Its investment strategy focuses on businesses and assets with strong privacy attributes, primarily within the blockchain ecosystem and select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and GOAT.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” as defined by applicable securities laws. Forward-looking information can be identified by terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” and similar expressions.
There is no assurance that the Company’s plans or objectives will be realized as described, or at all. Forward-looking information is based on assumptions that the Company considers reasonable at the time statements are made and is subject to risks, uncertainties, and other factors that could cause actual results to differ materially. Accordingly, readers should not place undue reliance on forward-looking statements. The Company assumes no obligation to update forward-looking statements unless required by law. Investors are cautioned against attributing undue certainty to such statements.
