Press

22 Mar 2022

Sol Strategies Team

Cypherpunk Announces Investment into Cryptocurrency Fund

Toronto, Ontario—Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) has announced a new investment in the Lucy Labs Flagship Offshore Fund SPC, marking a strategic shift in the company’s investment approach.

Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”) has invested USD $500,000 (CAD $630,000) in the Lucy Labs Flagship Offshore Fund SPC, managed by Lucy Labs GP LLC (“Lucy Labs”). Lucy Labs is a multi-strategy cryptocurrency asset management firm known for its quantitative and fundamental trading strategies in major cryptocurrency markets.

Lucy Labs employs various strategies to exploit momentum and carry factors while maintaining a low volatility profile. The firm acts as both a market maker and liquidity provider in centralized and decentralized exchanges. Cypherpunk Holdings CEO Jeff Gao highlighted the significance of this investment as part of the company’s broader strategy to move away from passive crypto storage and towards more dynamic risk management approaches.

Gao remarked, “Passive storage of crypto is fast becoming a thing of the past. Investors have numerous ETFs and proxies to choose from, but Cypherpunk aims to offer opportunities for prudent risk management and higher returns. Lucy Labs’ low volatility income stream and uncorrelated performance align well with our strategic goals.”

About Cypherpunk Holdings Inc.:

Cypherpunk Holdings is dedicated to investing in assets that enhance or protect privacy, focusing on blockchain and cryptocurrency technologies. Current investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Animoca Brands.

Officer/Director Contact:

Investor Relations Contact:

Jeffrey Gao
Chief Executive Officer
jeff@cypherpunkholdings.com
Office: 1-647-946-1300

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

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