- Cypherpunk (HODL) has detailed its crypto holdings and its outlook for the space
- It currently holds 306.39 Bitcoins and 311.61 Ethereum
- It recently sold over US$4M in Bitcoin and Ethereum in anticipation of potential opportunities during crypto’s ongoing downturn
- Cypherpunk invests in currencies, companies, technologies and protocols that enhance or protect privacy
- Cypherpunk (HODL) closed unchanged trading at $0.09 per share
Cypherpunk (HODL) has detailed its crypto holdings and its outlook for the space.
It currently holds 306.39 Bitcoins and 311.61 Ethereum.
It recently sold 100 Bitcoins for an aggregate US$3,295,000 and 322 Ethereum for US$771,190.
The move was in reaction to ongoing pessimism in cryptocurrency prices in line with global equities.
Total cash on hand stands at US$1,773,814 while stablecoins in Cypherpunk’s coffers come to USDC$4,129,800. An additional US$1.5M is allocated to structured products with 30 days redemption notice.
The company remains committed to identifying bespoke opportunities across blockchain and crypto that maximize sectoral exposure, diversification and risk management.
“For months we have witnessed a slow grind in the correction of cryptocurrencies, which now appears to have manifested into an existential event for many projects and their founders,” stated Jeff Gao, Cypherpunk’s President and CEO.
“The decision to downsize our exposure to risk assets is driven by the need to preserve capital,” he added, “and, together with active treasury management, we will continue to observe the market for signs of recovery and redeploy capital accordingly.”
Cypherpunk invests in currencies, companies, technologies and protocols that enhance or protect privacy. Current investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE and Animoca Brands.
Cypherpunk (HODL) closed unchanged trading at $0.09 per share.