Cypherpunk Holdings is pleased to announce the acquisition of 1,780 Monero tokens for CAD $500,000. This strategic investment underscores the Company’s commitment to becoming a leading entity in privacy-focused investments. According to Messari, Monero stands out as the world’s leading privacy asset by market capitalization (https://messari.io/asset/monero). Further details about Monero can be found at getmonero.org.
In addition to the Monero investment, the Company is enhancing its cash flow by depositing a portion of its Bitcoin holdings with BlockFi to earn variable interest. BlockFi offers credit services in markets with limited access to traditional financial products like savings accounts, distinguishing itself with market-leading rates and institutional-quality benefits. The company is backed by notable investors including Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures.
Cypherpunk is also dedicating resources to research and explore the burgeoning sectors of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs). As reported by Cointelegraph, sales volume on the top three NFT platforms surged to $342 million in February, marking a nearly 400% increase from the previous month (https://cointelegraph.com/news/top-3-nft-brands-sales-grew-381-in-february).
About Cypherpunk Holdings Inc.
Cypherpunk is a company set up to invest in companies, technologies, and protocols that enhance or protect privacy. Its strategy involves making targeted investments in businesses and assets with strong privacy features, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro 66.
Cautionary Note Regarding 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 investments in the blockchain and other sectors and enhancing value. 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.
Investor Relations Contacts:
Veronika Oswald
Investor Relations, Cypherpunk Holdings Inc.
veronika@cypherpunkholdings.com
Office: 416.599.8547