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

Related news

CONTACT US

Sol Strategies Inc.
217 Queen St W #401
Toronto, ON M5V 0R2
416-480-2488
General: info@solstrategies.io
Media: solstrategies@mgroupsc.com

info

FOLLOW US

© Copyright . All rights reserved

Terms OF USE PRIVACY CUSTODY

Legal Disclaimer
The information provided on this website is for informational purposes only and does not constitute an offer, solicitation, or recommendation to buy, sell, or hold any securities or other financial instruments, including but not limited to Solana (SOL) or any other digital assets. Sol Strategies (formerly Cypherpunk Holdings, CSE: HODL) is not providing investment, financial, legal, or tax advice through this website, and no material on this site should be construed as such. The content provided herein is not intended to be a substitute for professional advice from a licensed financial advisor. Forward-Looking Statements This website may contain forward-looking statements regarding the future performance, plans, and strategy of Sol Strategies, including its engagement in the Solana ecosystem. These statements are based on current expectations and assumptions and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements.
Investment Risk Investing in any security, including cryptocurrencies such as Solana (SOL), involves risks. The value of investments can go down as well as up, and past performance is not indicative of future results. Prospective investors should consult their own financial advisors regarding the suitability of any investment, particularly in volatile markets like digital assets. Sol Strategies does not assume any liability for losses or damages resulting from the use of information provided on this website. No Endorsement or Affiliation Sol Strategies is an independent entity and is not affiliated with the Solana Foundation or any other digital asset issuer or blockchain network. Any mention of third-party products, services, or trademarks is for reference purposes only and does not imply endorsement or recommendation.
Sol Strategies is an independent organization in the Solana ecosystem. Sol Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the “Foundation”), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with Sol Strategies. None of the Foundation or its council members, officers, agents or advisors (collectively, the “Foundation Parties”) make any representations or warranties, recommendations, endorsements or promises with the respect to the accuracy of any statements made, information provided or action taken by Sol Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action. Compliance with Regulatory Requirements As a publicly traded company, Sol Strategies adheres to the regulatory requirements set by applicable securities laws, including those of the Canadian Securities Exchange (CSE). The information on this website may not be applicable or appropriate for users in jurisdictions outside Canada. Sol Strategies assumes no responsibility for compliance with the laws of any jurisdiction outside Canada. Updates and Changes The information contained on this website is subject to change without notice. Sol Strategies reserves the right to update, modify, or remove any content at its discretion.
Limitation of Liability Sol Strategies and its affiliates, directors, officers, and employees shall not be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with the use of this website or any information contained herein.