Cypherpunk Announces Corporate Update on Current Holdings

Toronto, Ontario–(Newsfile Corp. – November 14, 2022) –  Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or, the “Company“), a sector leader for blockchain, privacy and cryptography focused investments, would like to announce updates on the Company’s holdings.

Cryptocurrencies:

The Company is currently NOT holding any cryptocurrencies as per the announcement on June 28th, 2022. The Company has converted all stable coin holdings (USDC) into US Dollars.

Structured Products:

The Company does have a cryptocurrency exposure via its investment into AB Digital Strategies Fund managed by Isla Capital Ltd. The original investment of $1.5M USD is now valued approximately 20% less due to the current market conditions related to FTX International. This product can be redeemed with 30 days notice.

Cash Position:

For cash the company has approximately CAD $18m on hand.

Other Investments:

The Company maintains its other equity investments in Chia Networks Inc, ZkSnacks Ltd (dba Wasabi Wallet), NGRAVE, and Samourai Wallet. The Company continues to own 24,384 IPv4 addresses which are available for lease. The company also owns approximately 2500 TH of mining hardware which continues to be operated under contract by MineOn LLC (dba MiningStore).

About Cypherpunk Holdings Inc.

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Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy attributes, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE and GOAT.

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 investment in shares of Animoca Brand and Animoca Brand’s future performance or business. . 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:
Tony Guoga
Chief Executive Officer
tony@cypherpunkholdings.com
Office: 1-647-946-1300

Investor Relations Contact:
Veronika Oswald
Investor Relations
veronika@cypherpunkholdings.com
Office: 1-647-946-1300

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144134