13 Jun 2022

Sol Strategies Team

Cypherpunk Announces Corporate Update

Toronto, Ontario—Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) announces updates regarding its cryptocurrency holdings, recent sales, and other portfolio events.

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 provide updates on its cryptocurrency holdings and other portfolio events.

Cryptocurrencies:

The Company currently holds 280 Bitcoin and 267 Ethereum. Recently, Cypherpunk has sold 96.74 Bitcoins for an aggregate sum of USD $2.9 million and 50 Ethereum for USD $100,000. The total proceeds from these sales amount to USD $3.0 million.

Animoca Brands:

Cypherpunk has sold its remaining block of 500,000 shares in Animoca Brands Corporation Limited (“Animoca”) at an average price of AUD $2.55, generating total proceeds of AUD $1.21 million after fees. The Company realized a profit of 234% on these shares since the original purchase eight months ago.

Cash Position:

The Company’s current cash and stable assets include USD $1.67 million, CAD $410,000, and USDC $7.04 million. 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: “Since late April, Cypherpunk has been closely monitoring structural dynamics within and outside of cryptocurrencies. We have progressively reduced our risk exposure as confidence and capital support have waned across most risk asset classes. The Company is taking steps to preserve and protect capital, positioning ourselves to capitalize on opportunities that arise at the end of this bearish cycle. While we are cautious in the short term, our long-term outlook remains bullish, and our cash reserves enable us to be well-positioned for future opportunities.”

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 to be 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

SOURCE

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