14 Nov 2022

Sol Strategies Team

Cypherpunk Announces Corporate Update on Current Holdings

Toronto, Ontario—Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) provides an update on its investment holdings, including the status of its cryptocurrency assets, structured products, and cash position.

Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”), a leader in blockchain, privacy, and cryptography-focused investments, is pleased to provide an update on its holdings.

Cryptocurrencies:

As of the announcement on June 28, 2022, the Company does not hold any cryptocurrencies. All stable coin holdings (USDC) have been converted into US Dollars.

Structured Products:

The Company’s cryptocurrency exposure currently exists through its investment in the AB Digital Strategies Fund, managed by Isla Capital Ltd. The initial investment of $1.5 million USD is now valued approximately 20% less due to the market conditions associated with FTX International. This product can be redeemed with 30 days’ notice.

Cash Position:

The Company maintains a strong cash position with approximately CAD $18 million on hand.

Other Investments:

The Company continues to hold equity investments in Chia Networks Inc., ZkSnacks Ltd (doing business as Wasabi Wallet), NGRAVE, and Samourai Wallet. Additionally, Cypherpunk owns 24,384 IPv4 addresses available for lease and approximately 2,500 TH of mining hardware, which is operated under contract by MineOn LLC (doing business as MiningStore).

About Cypherpunk Holdings Inc.:

Cypherpunk Holdings was established to invest in currencies, companies, technologies, and protocols that enhance or protect privacy. Its strategy focuses on businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including 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 achieved as described, or at all. Forward-looking information is based on factors and assumptions that the Company believes to be reasonable at the time such statements are made and is subject to risks, uncertainties, and other factors that could cause actual results to differ materially. 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.

Officer/Director Contact:
Tony Guoga
Chief Executive Officer
tony@cypherpunkholdings.com
Office: 1-647-946-1300

Investor Relations Contact:
Veronika Oswald
Investor Relations
veronika@cypherpunkholdings.com
Office: 1-647-946-1300

SOURCE

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