Cypherpunk Holdings Acquires Additional Bitcoins

Disclaimer: The textual content beneath is a press launch that was not written by Cryptonews.com.

Toronto, Ontario – Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (the “Company“), a sector chief for privacy-technology investments, is happy to announce that it has bought 68.16 bitcoins for an combination buy worth of roughly 5 million (Canadian {dollars}), inclusive of charges and bills. The common worth per bitcoin was 58,092 CAD. As a results of this acquisition, the Company now holds an combination of 350 bitcoins.

The buy by the Company of further bitcoins was made in accordance with its newly up to date capital allocation and treasury administration technique for the Company’s capital in extra of its working capital and different funding necessities. Under the Company’s present capital allocation plan, the Company intends to proceed to take care of money belongings which can be enough to satisfy the day-to-day working capital necessities of its enterprise and its funding wants. In addition, below this plan, the Company’s goal is to carry a majority of its unallocated assets in bitcoin, which the Company now regards as its main treasury reserve asset (being all unallocated money and bitcoin belongings of the Company in extra of the Company’s anticipated close to time period working capital and different funding capital wants), topic to market situations and the Company’s anticipated wants for money belongings.

In reference to its holdings of digital belongings, equivalent to bitcoin and every other relevant cryptocurrencies, the Company has adopted controls to protect towards the danger of loss and/or theft related to holding such belongings. For instance, the Company makes use of third-party custodians to safeguard all or a considerable portion of its digital belongings. Certain details about such third celebration custodial preparations which the Company believes might be essential to traders is offered on the Company’s web site at: https://cypherpunkholdings.com/security-operations/.

About Cypherpunk Holdings Inc.

Cypherpunk is an organization set-up to put money into firms, applied sciences and protocols, which improve or shield privateness. Its technique is to make focused investments in companies and belongings with sturdy privateness, usually throughout the blockchain ecosystem, together with choose cryptocurrencies. Current fairness investments embrace Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro 66.

Cautionary Note Regarding Forward-Looking Information

This information launch comprises “forward-looking data” throughout the which means of relevant securities legal guidelines. Generally, any statements that aren’t historic information might comprise forward-looking data, and forward-looking data may be recognized by means of forward-looking terminology equivalent to “plans”, “expects” or “doesn’t count on”, “is anticipated”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or signifies that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “can be” taken, “happen” or “be achieved”. Forward-looking data contains, however just isn’t restricted to the Company’s deliberate allocation of belongings and its treasury administration. There isn’t any assurance that the Company’s plans or aims can be applied as set out herein, or in any respect. Forward-looking data is predicated on sure components and assumptions the Company believes to be affordable on the time such statements are made and is topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Company to be materially completely different from these expressed or implied by such forward-looking data. Such components embrace the historic worth volatility of bitcoin; uncertainty relating to the regulatory remedy of bitcoin below numerous securities, commodities, and different regulatory regimes; the potential for important impairment expenses to the Company’s earnings within the occasion of a lower within the worth of bitcoin and ensuing volatility within the Company’s reported belongings and earnings; the potential for safety breaches or different cyberattacks that would end in a partial or whole lack of the Company’s bitcoin belongings; and different dangers detailed within the Company’s disclosure paperwork filed below its profile on www.sedar.com. There may be no assurance that such forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such data. Accordingly, readers mustn’t place undue reliance on forward-looking data. Forward-looking statements are made based mostly on administration’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to replace forward-looking statements if these beliefs, estimates and opinions or different circumstances ought to change, besides as required by legislation. Investors are cautioned towards attributing undue certainty to forward-looking statements.

Investor Relations Contacts:

[email protected], Veronika Oswald, Investor Relations
Cypherpunk Holdings Inc.,
Office: +1 416.599.8547 & +44 (0) 20 3143 7418

Cypherpunk Holdings

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