Cypherpunk Announces Company Update – Benzinga
Update on Cryptocurrency Holdings and Crypto Hedge Fund Investments
Toronto, Ontario–(Newsfile Corp. – May 11, 2022) – Cypherpunk Holdings Inc. HODL CYFRF (“cypherpunk” or the “Company“), an industry leader in blockchain, metaverse, privacy and crypto-focused investments, is pleased to announce updates on cryptocurrency holdings and cryptocurrency hedge funds.
The Company currently holds 306.39 bitcoin and 311.61 Ethereum.
The company sold 100 Bitcoin for a total sum of $3,295,000 and 322 Ethereum for $771,190.
The total proceeds from the sale of cryptocurrencies is 4,066,190 USD.
For cash and stables, the company has $1,773,814 and $4,129,800 in USDC.
An additional USD 1.5m is allocated to structured products with a 30-day redemption notice.
Jeff Gao, CEO and Chairman of Cypherpunk Holdings, commented on recent events: “For months we have witnessed a slow correction in cryptocurrencies which now seems to have manifested into an existential event for many projects and their founders. From the dizzying heights of November 2021 when bitcoin was threatening to breach a precipitous price target of $70,000 at current levels where $30,000 appears to be in imminent danger of being breached, the crypto community continues to look good and trust in the resilience of the ecosystem which holds promise as a viable alternative to tradfi.For Cypherpunk, and as vigilant stewards of our shareholders’ hard-earned capital, our goal is to seek out and deploy capital for tailored opportunities across blockchain and crypto that offer investors the benefits of sector exposure, diversification and risk management. , our efforts will be judged by the supreme rule and timeless investment: SURVIVAL. The decision to reduce our exposure to risky assets is driven by the need to preserve capital and, with active cash management, we will continue to watch the market for signs of recovery and redeploy capital accordingly. .”
About Cypherpunk Holdings Inc.
Cypherpunk was created to invest in currencies, companies, technologies and protocols that enhance or protect privacy. Its strategy is to make targeted investments in companies and assets with strong privacy attributes, often within the blockchain ecosystem, including certain cryptocurrencies. Current equity investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Animoca Brands.
Caution Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statement that is not historical fact may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or ” does not expect”, “is planned”, “budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or ” believes”, or variations of these words and phrases or indicates that certain actions, events or results “could”, “might”, “would”, “would” or “would” take, “occur” or “would “Forward-looking information includes, but is not limited to, the Company’s expectations or beliefs regarding its investment in Animoca Brand stock and Animoca Brand’s future performance or activities. There can be no assurance that plans or objectives of the Company will be implemented as set forth herein, or pa s at all. Forward-looking information is based on certain factors and assumptions that 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 actual results, level of activity, performance or achievements of the Company are 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 the beliefs, estimates and opinions of management as of the date the statements are made and the Company undertakes no obligation to update any forward-looking statements if such beliefs, estimates and opinions or other circumstances were to change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Officer/Director contact details:
Chief executive officer
Contact with Investor Relations:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123622