ThSeeker
2 years ago
Investment of CAD $630k into Cryptocurrency Hedge Fund 168 Trading
TORONTO, ONTARIO, March 15, 2022. - Cypherpunk Holdings Inc. (CSE: HODL, OTC: KHRIF) (“Cypherpunk” or, the "Company"), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce a new investment of CAD $630k (USD $500k) into 168 Trading Limited.
About 168 Trading Limited
168 Trading Limited is a Gibraltar based Private Fund trading cryptocurrency and related derivatives. Their core strategies are arbitrage positions, term structure trading through futures contracts and overnight funding management. The Fund employs proprietary quantitative analysis and algorithms to achieve the goal of consistent profitability.
Cypherpunk Holdings CEO Jeff Gao led the move to diversify the company’s treasury management away from passive storage and made the following comments in relation to the partnership with 168 Trading.
“The time when publicly traded companies can get by as a vehicle for passively holding crypto is behind us. What will set Cypherpunk apart from the rest of the industry is our focus on surgically targeting pockets of excess returns in crypto volatility space and our focus on risk-adjusted returns as a metric for treasury management excellence. Going forward, Cypherpunk’s strategy will include operating a diversified portfolio of niche and highly technical strategies within the nascent cryptocurrency markets, some of which will be operated by third parties. We plan to engage partners with extensive trading experience who can perform crypto research for the purpose of profiting off volatility via directionally neutral strategies across exchanges and instruments. I am looking forward to keeping our shareholders and investors informed as the Company undergoes a pivotal transformation."
ThSeeker
2 years ago
Wasabi Dividend and Disposal of Animoca Brands Shares
TORONTO, ONTARIO, February 22, 2022. - Cypherpunk Holdings Inc. (CSE: HODL, OTC: KHRIF) (“Cypherpunk” or, the "Company"), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce recent events related to the Company’s portfolio.
The Company recently sold an additional 350,000 ordinary shares of Animoca Brands Corporation Limited (“Animoca”) at an average price of CAD $3.73 for a total proceeds of CAD $1,305,500.
Cypherpunk still holds 1.2m Animoca shares and continues to pursue a strategic relationship with Animoca as per the Company’s recently closed investment into TheGoats.io. In total the Company has realized a profit of 265% on its shares sold over the last 5 months.
Dividend from Wasabi Wallet
The Company is also pleased to announce the receipt of a dividend for the Fiscal Year 2021 from its portfolio company zkSnacks Limited, the developer of Bitcoin wallet “Wasabi Wallet''. Wasabi Wallet is an industry leading desktop wallet software that enables users to enhance their privacy while transacting on the Bitcoin Blockchain.
This is the second dividend received from Wasabi that was paid entirely in Bitcoin, totalling 3.06 BTC with a recorded value of CAD $168,810. Wasabi declared a 68 BTC dividend in January 2022, compared to a 60 BTC dividend in January 2021, representing a 13.3% increase.
In November 2019, Cypherpunk Holdings acquired ordinary shares of zkSnacks from its founding shareholders, representing 4.5% of the issued and outstanding ordinary shares of zkSnacks, for an aggregate purchase price of $337,500 USD. Jeff Gao, CEO of Cypherpunk commented: “Wasabi is highly profitable and is paying out just under half its net profits in dividends. To date Cypherpunk Holdings has received 5.76 bitcoins in dividend from Wasabi and we expect this trend to continue.”
ThSeeker
3 years ago
Cypherpunk Holdings Announces Strategic Review and Investment Focus for 2022
Toronto, Ontario--(Newsfile Corp. - December 10, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) ("Cypherpunk" or, the "Company"), a sector leader for cryptocurrency, privacy and cryptography-focused investments, is pleased to announce the outcome of its strategic review and its investment focus for the coming 12 months.
Following the appointment of Jeffrey Gao as CEO and Tony Guoga as Executive Chairman, the Company has worked to redefine its mission, its vision and what it stands for. The outcome of that strategic review resulted in the distillation of its lines of effort into three key areas of focus. These areas of focus represent what the Company believes to be the central organs of value and alpha generation across the crypto ecology.
The areas of focus are:
1. HODL metaverse - The Company plans to assess and pursue opportunities for making private equity investments, in areas such as utility tokens and NFTs, gaming, entertainment and social re-engineering to discover and collaborate with projects that the Company believes fundamentally demonstrate their positive economics and depth of value.
2. HODL staking - Engaging in (1) treasury risk-management via carefully vetted third party vendors, and (2) actively managing the Company's cryptocurrency portfolio to generate yield through staking and liquidity provisioning.
3. HODL mining conduit - Cypherpunk seeks to become the bridge between blockchain networks and energy-efficient mining outfits. The Company plans to grow its blockchain networks through investments in cost-effective mining pools and jointly-operated business arrangements. The Company's strategic prerogatives for mining are: (1) innovations in energy efficiency per unit value generated, and (2) building end-to-end verticals that link blockchain ecosystems with ESG-compliant mining solutions.
With these areas of focus, Cypherpunk is evaluating an active pipeline of potential deals.
ThSeeker
3 years ago
Cypherpunk Announces Agreement with MiningStore
Toronto, Ontario--(Newsfile Corp. - October 21, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) ("Cypherpunk" or, the "Company"), a sector leader for cryptocurrency, privacy and cryptography focused investments, is pleased to announce that it has entered into an agreement with MineOn LLC, dba MiningStore, a large-scale hosted cryptocurrency miner.
Under the agreement signed on October 18th 2021, Cypherpunk has purchased 25 Bitmain S19J Pro miners (the "Equipment") for USD $300,000 which each produce 100 terahashes per second each, and has leased the Equipment to MiningStore, which will host and operate the machines in Iowa, USA for Cypherpunk pursuant to a managed mining and profit sharing agreement.
"Our focus of investing in cryptocurrency has now broadened to include mining," Tony Guoga, Cypherpunk CEO, stated. "This investment in cryptocurrency mining helps Cypherpunk diversify its investment portfolio and is intended to allow Cypherpunk to continue to accumulate cryptocurrency assets. Cypherpunk is in a position to be a supplier of Bitcoin (BTC) and not just a buyer."
ThSeeker
3 years ago
Cypherpunk Holdings Announces Corporate Update
Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) ("Cypherpunk" or, the "Company"), a sector leader for cryptocurrency, privacy and cryptography focused investments, is pleased to provide corporate update.
New Corporate Branding & Website
Cypherpunk is pleased to announce that it has launched a new corporate website. The updated website was created as a part of a rebranding of the Company's corporate image and introduces Cypherpunk's new corporate logo. This logo symbolizes the Company's core belief in the distributed nature of cryptocurrency, privacy and cryptography technologies and is inspired by a geometrical design. The updated website also includes a statement of the Company values and its mission statement of "Becoming a sector leader for cryptocurrency, privacy and cryptography focused investments." To view the updated website with the new branding please use the following link: www.cypherpunkholdings.com.
Tony Guoga, President and Chief Executive Officer of Cypherpunk commented: "I am thrilled to announce the launch of our new website and introduce to investors Cypherpunk's new brand image. Cypherpunk has a core mission and our new website is intended to better position the Company to achieve its corporate goals and drive shareholder value."
Update of Investment Portfolio
Cryptocurrency Holdings
Cypherpunk currently holds an aggregate of 401 bitcoins (BTC) and 357 Ether (ETH).
Equity Holdings
Animoca Brands (Equity Investment)
Animoca Brands is a company operating in the digital entertainment, blockchain and gamification sectors. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products using popular intellectual properties. The Company holds 2 million ordinary shares of Animoca Brands. Animoca is currently trading via Primary Markets on a matched basis via https://www.primarymarkets.com/trading-company/animoca-brands/.
Chia Network Inc. (Equity Investment)
Chia Network is a developer of a blockchain and smart transaction platform, created by the inventor of BitTorrent, Bram Cohen.
zkSNACKS Limited (Equity Investment)
The products of zkSnacks include Wasabi Wallet, which is an open source, non-custodial, privacy-focused Bitcoin wallet for desktop use.
NGRAVE (Convertible Debt)
NGRAVE is a digital asset and blockchain security provider located in Antwerpen, Belgium. Its flagship product "ZERO" - also known as "The Coldest Wallet" - is a fully offline hardware wallet that features the world's highest security certification, EAL7, for its secure operating system.
Katana Cryptographic Ltd (Equity Investment)
Katana Cryptographic has developed an advanced and secure mobile bitcoin wallet known as "Samourai". The goal of the Samourai wallet is to empower people with the cryptographic tools readily available today in order to enable individual financial independence and self-sovereignty.
Other Investments
IPv4 Addresses
The Company also holds a total inventory of 24,576 IPv4 addresses, which it leases to its customers.
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 expectation or belief regarding its corporate mission, goals and investments. 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.
Officer/Director Contact:
Daniel Cawrey
Chief Operating Officer
dan@cypherpunkholdings.com
Office: 1-647-946-1300
Investor Relations Contact:
Veronika Oswald
Investor Relations
veronika@cypherpunkholdings.com
Office: 1-647-946-1300
ThSeeker
3 years ago
Cypherpunk Holdings Announces Purchase of Shares of Animoca Brands
TORONTO, ONTARIO, September 30, 2021. - Cypherpunk Holdings Inc. (CSE: HODL, OTC: KHRIF)(“Cypherpunk” or, the "Company"), a sector leader for cryptocurrency, privacy and cryptography focused investments, is pleased to announce that it has acquired 2 million ordinary shares of Animoca Brands Corporation Limited (“Animoca Brands”), through secondary market trades. The Company paid an aggregate purchase price of approximately $2.055 million Canadian dollars for the purchased shares.
Animoca Brands is an Australian company operating in the digital entertainment, blockchain and gamification sectors. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products using popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Sky Mavis (Axie Infinity), Dapper Labs (CryptoKitties and NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds. Its subsidiaries include The Sandbox, Quidd, Gamee, nWay, Pixowl, and Lympo.
Commenting on the investment, Tony Guoga Cypherpunk’s Chief Executive Officer, stated: “Cypherpunk is thrilled to have acquired shares of Animoca Brands to add to its investment portfolio. This transaction provides Cypherpunk exposure to the marketplace for non-fungible tokens (NFTs) and other digital assets via its investment in Animoca Brands. We are particularly interested in owning Animoca Brands given our confidence that Animoca Brands will continue to announce favourable news and developments, the possibility that it will list its shares on a public stock exchange, and due to investor sentiment and our belief in the NFT and digital entertainment sectors.”
ThSeeker
3 years ago
Cypherpunk Holdings Corporate Update on Cryptocurrency Holdings
Toronto, Ontario--(Newsfile Corp. - June 29, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (the "Company"), a sector leader for privacy-focused investments, is pleased to provide a corporate update on the Company's cryptocurrency holdings to shareholders and investors.
Updated BTC Holding and Purchase of ETH
The Company has increased its total bitcoin (BTC) holdings to 386 BTC for an aggregate purchase price of approximately $1.24 million Canadian dollars (CAD), inclusive of fees and expenses. The average price per bitcoin was $47,541 CAD. This represents a net increase since April 13, 2021 of 26 BTC.
In addition, the Company has also purchased 511.9 ether (ETH) for an aggregate purchase price of approximately $1.24 million CAD, inclusive of fees and expenses. The average price per ETH was $2,413 CAD.
Lending of BTC
To generate further operating revenue, the Company has agreed to lend 100 BTC via an Open Term Loan to Genesis Global Trading Inc. generating on average 2.5% interest per annum.
Cash Balance
The Company currently has $3.3m CAD in cash on hand.
ThSeeker
3 years ago
NEWS: oronto, Ontario--(Newsfile Corp. - April 13, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (the "Company"), a sector leader for privacy-technology investments, is pleased to announce that it has purchased 68.16 bitcoins for an aggregate purchase price of approximately $5 million (Canadian dollars), inclusive of fees and expenses. The average price per bitcoin was $58,092. As a result of this acquisition, the Company now holds an aggregate of 350 bitcoins.
The purchase by the Company of additional bitcoins was made in accordance with its newly updated capital allocation and treasury management strategy for the Company's capital in excess of its working capital and other investment requirements. Under the Company's current capital allocation plan, the Company intends to continue to maintain cash assets that are sufficient to meet the day-to-day working capital requirements of its business and its investment needs. In addition, under this plan, the Company's objective is to hold a majority of its unallocated resources in bitcoin, which the Company now regards as its primary treasury reserve asset (being all unallocated cash and bitcoin assets of the Company in excess of the Company's anticipated near term working capital and other investment capital needs), subject to market conditions and the Company's anticipated needs for cash assets.
In connection with its holdings of digital assets, such as bitcoin and any other applicable cryptocurrencies, the Company has adopted controls to guard against the risk of loss and/or theft associated with holding such assets. For example, the Company uses third-party custodians to safeguard all or a substantial portion of its digital assets. Certain information about such third party custodial arrangements which the Company believes could be important to investors is available on the Company's website at: https://cypherpunkholdings.com/security-operations/.
ThSeeker
3 years ago
Cypherpunk Holdings: building a portfolio of privacy technology and assets
From the armchair trader:
Free Newsletter: Actionable insight every morning for the self-directed investor
1st April 2021Stuart FieldhouseStocks & Shares Watchlist, EquitiesCryptocurrencies, The Technology Sector, Cypherpunk Holdings
Cypherpunk Holdings (CSE:HODL) recently closed a private placement to the tune of C$10m, the net proceeds of which are to be used to make investments in cryptocurrencies as well as companies and technology in this fast-evolving space. But who are Cypherpunk Holdings, and how do they fit into the rapidly changing world of crypto?
Here at The Armchair Trader we can see that interest in cryptocurrencies is increasing rapidly. While there are many specialist traders of cryptocurrencies as an asset class, there are limited avenues available for investors who want to get exposure to this industry – or you could call it an asset class – while it is still at a relatively early stage in its development.
Privacy is going to have a premium
Cypherpunk Holdings bases its investment thesis around the concept that privacy is going to have a premium going forward: maybe people are giving governments and companies too much information about themselves? This quest for privacy in the 21st century is a big driver in the popularity of cryptocurrencies like Bitcoin, but it goes further than this.
Cypherpunk is setting out to own a portfolio of both cryptocurrencies and companies and technologies that support this central thesis of financial privacy. The company is leveraging its network of contacts in the cryptocurrency field, blockchain and Silicon Valley to generate deal flow and secure preferential deals in the space. It is aiming to deliver investors easy exposure to the sector including direct exposure to cryptocurrencies.
For starters Cypherpunk owns Bitcoin, and quite a lot of it too. The company is in the top 20 largest public holders of Bitcoin according to Bitcoin Treasuries. But beyond that it also has a number of equity stakes in private companies that are seeking to define the privacy and security of the cryptocurrency space. This includes Wasabi Wallet, the market leading desktop privacy wallet for Bitcoin, and Samourai Wallet, a secure and privacy-centric wallet currently available on mobiles with over 50,000 users.
But it’s not all about cryptocurrencies – Cypherpunk Holdings is also active in the wider market for privacy solutions. This is a core part of its mandate, so it should not be seen as a pure cryptocurrency play. We believe it is on the right trail here and that there is already emerging a considerable sector that deals in privacy for the individual.
IP addresses are in demand too
Last month Cypherpunk said it was formally engaging Heficed to buy at least 16,384 IPv4 addresses. They will become part of a long-term asset for the company and will be leased out via the IPXO platform, which will allow Cypherpunk to book operating income. The prices of IP addresses have been increasingly steadily over the last year, up by over 35%. A single IP address costs between $20 and $25 at the moment, but demand looks to be outstripping supply with large e-commerce platforms trying to buy up thousands of IP addresses behind the scenes.
As the Internet of Things gains traction, demand is forecast to only increase.
“When the internet was first created it was set to just over 4 billion IPv4 addresses,” says Tony Guoga, CEO of Cypherpunk Holdings. “Today, the world has run out of them and they have been allocated to a very small number of large technology companies or internet service providers. A new version of IP addresses called IPv6 has been created but the adoption rate has been extremely slow. Just like Bitcoin, the supply is limited and this is why we think this a very compelling investment, which we anticipate will yield a healthy return.”
In some respects Cypherpunk is acting as a holding company for a diverse portfolio of digital assets and technology, all centred around the theme of 21st privacy and the premium people are prepared to pay for it. Cypherpunk is an actively managed portfolio of assets in this space which it would be hard to replicate otherwise. We think it is a very interesting proposition and one to watch.
https://www.thearmchairtrader.com/cypherpunk-holdings-privacy-technology/
ThSeeker
3 years ago
Exclusive: PayPal launches crypto checkout service
By Anna Irrera
LONDON (Reuters) - PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.
Slideshow ( 2 images )
Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said.
The service, which PayPal revealed it was working on late last year, will be available at all of its 29 million merchants in the coming months, the company said.
“This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your PayPal wallet,” President and CEO Dan Schulman told Reuters ahead of a formal announcement.
Checkout with Crypto builds on the ability for PayPal users to buy, sell and hold cryptocurrencies, which the San Jose, California-based payments company launched in October.
ThSeeker
3 years ago
Cypherpunk Holdings Inc. Announces Closing of CAD$10 Million Private Placement with Institutional Investors
Toronto, Ontario--(Newsfile Corp. - March 24, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) ("Cypherpunk" or the "Company"), a sector leader for privacy-technology investments, is pleased to announce that has completed its previously announced private placement (the "Private Placement") of its common shares ("Common Shares") and common share purchase warrants ("Warrants") to certain institutional investors for aggregate gross proceeds of approximately CAD$10 million. Pursuant to the Private Placement, the Company issued an aggregate of 29,411,766 Common Shares and 14,705,883 Warrants at a purchase price of CAD$0.34 per each Common Share and associated one-half of one Warrant. Each whole Warrant entitles the holder to purchase one Common Share at an exercise price of CAD$0.395 per Common Share for a period of three years and one day following the issuance date.
H.C. Wainwright & Co. acted as the exclusive placement agent for the Private Placement.
The net proceeds of the Private Placement are expected to be used by the Company to make investments in accordance with its investment strategy, including possible investments in cryptocurrencies and companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem, and for general working capital purposes.
On completion of the Private Placement, H.C. Wainwright & Co. received (i) a cash commission equal to 7.0% of the gross proceeds of the Private Placement, and (ii) 2,058,824 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder to purchase one Common Share at an exercise price of CAD$0.425 for a period of three years and one day following the issuance date.
ThSeeker
3 years ago
Cypherpunk Holdings Inc. Announces CAD$10 Million Private Placement with Institutional Investors
Toronto, Ontario--(Newsfile Corp. - March 21, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) ("Cypherpunk" or the "Company"), a sector leader for privacy-technology investments, is pleased to announce that it has entered into securities purchase agreements with certain institutional investors for a private placement (the "Private Placement") of its common shares ("Common Shares") and common share purchase warrants ("Warrants") to such institutional investors for aggregate gross proceeds of approximately CAD$10 million. Pursuant to the securities purchase agreements, the Company has agreed to issue an aggregate of 29,411,766 Common Shares and 14,705,883 Warrants at a purchase price of CAD$0.34 per each Common Share and associated one-half of one Warrant. Each whole Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD$0.395 per Common Share for a period of three years following the issuance date. The completion of the Private Placement is expected to occur on or about March 24, 2021, subject to satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the Private Placement.
The net proceeds of the Private Placement are expected to be used by the Company to make investments in accordance with its investment strategy, including possible investments in cryptocurrencies and companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem, and for general working capital purposes.
On completion of the Private Placement, H.C. Wainwright & Co. will receive (i) a cash commission equal to 7.0% of the gross proceeds of the Private Placement and (ii) 2,058,824 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD$0.425 for a period of three years following the issuance date.
No securities were or are being offered or sold to Canadian residents in connection with the Private Placement. The securities to be issued under the Private Placement will be subject to resale restrictions in the United States under applicable U.S. federal and state securities laws with no resale restrictions in Canada.
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Renee
2 years ago
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