Press

25 Jan 2022

Sol Strategies Team

Cypherpunk Holdings Announces Partial Sale of Animoca Brands Shares and Realizes a Profit of 241% in Less than 5 Months

Toronto, Ontario—Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) has sold 450,000 ordinary shares of Animoca Brands Corporation Limited for approximately CAD $1.52 million. The Company still holds 1.55 million shares of Animoca Brands.

Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (“Cypherpunk” or the “Company”) is pleased to announce the sale of 450,000 ordinary shares of Animoca Brands Corporation Limited (“Animoca Brands”) through secondary market trades. The sale generated approximately CAD $1,522,000, with each share sold at CAD $3.58. Cypherpunk continues to hold 1.55 million ordinary shares of Animoca Brands.

Jeff Gao, Cypherpunk’s Chief Executive Officer, commented: “We are thrilled to have invested in Animoca Brands at a pivotal moment for NFTs. Our acquisition was facilitated through introductions by our Executive Chairman and former CEO, Tony Guoga, following Animoca’s significant $65 million raise and at a time when metaverse projects were gaining traction. This investment showcases HODL’s ability to secure exclusive global deals.”

Animoca Brands, based in Hong Kong and founded in 2014 by Yat Siu, is a leading developer of gaming and metaverse products. Its portfolio includes the REVV and SAND tokens, games like The Sandbox, Crazy Kings, and Crazy Defense Heroes, and partnerships with major intellectual properties such as Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands’ blockchain investments and partnerships include Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds.

About Cypherpunk Holdings Inc.:

Cypherpunk Holdings was established to invest in companies, technologies, and protocols that enhance or protect privacy. The Company focuses on making targeted investments in businesses and assets with strong privacy attributes, primarily within the blockchain ecosystem and 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 be considered forward-looking information. Such statements can be identified by terms like “plans,” “expects,” “intends,” “anticipates,” or similar terms. Forward-looking information includes the Company’s expectations regarding its investment in Animoca Brands and its future performance. There is no assurance that the Company’s plans or objectives will be realized as expected. Forward-looking statements are based on management’s beliefs and assumptions and are subject to risks and uncertainties that may cause actual results to differ. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking statements, except as required by law.

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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