4 Nov 2019

Sol Strategies Team

Cypherpunk Holdings Inc. Announces Appointment of Chief Executive Officer

Toronto, Ontario--(Newsfile Corp. - November 4, 2019) - Cypherpunk Holdings Inc. (CSE: HODL) ("Cypherpunk" or the "Company") is pleased to announce that Dominic Frisby has been appointed as Chief Executive Officer of the Company, replacing Marc C. Henderson, who had been serving as interim Chief Executive Officer. Both Mr. Frisby and Mr. Henderson will continue to serve as directors of the Company.

Mr. Henderson said: “On behalf of the Company’s board of directors, I would like to congratulate Dominic Frisby on his appointment as CEO. The Board unanimously concluded that Mr. Frisby’s leadership and considerable knowledge of the world of privacy businesses and technologies, including cryptocurrencies, made him the right candidate to assume the role as CEO and to lead the Company in continuing to pursue targeted investments in these areas.”

Mr. Frisby is a well-known investor, financial writer, and market commentator whose diverse accomplishments include authoring “Bitcoin: The Future of Money?” in 2014, the first book on Bitcoin known to have been published by a recognized publisher. He resides in London, England.

Commenting on the appointment, Mr. Frisby said: “I am delighted to have been chosen by my fellow directors to lead Cypherpunk Holdings, and I am extremely excited to be taking charge of Cypherpunk Holdings at this time. In this age of the internet, the importance of privacy has never been more apparent. We will continue to make targeted investments in coins, companies, and tech that enhance privacy, with the goal of becoming the leading privacy tech investment vehicle. We have a lot of work ahead of us, but we believe the investment committee of myself, Moe Adham, and Jon Matonis is uniquely positioned to achieve that goal.”

Note on Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases or indicates that certain actions, events, or results “may,” “could,” “would,” “might,” or “will be” taken, “occur,” or “be achieved.” Forward-looking information includes, but is not limited to, the Company’s goal of making targeted investments in privacy-enhancing technologies, and achieving the status of a leading privacy tech investment vehicle. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

For further information, please contact:

Dominic Frisby, Chief Executive Officer

Cypherpunk Holdings Inc.
130 King Street West
The Exchange Tower, Suite 3680
Toronto, ON M5X 1B1

Telephone: 416.599.8547

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