- Cypherpunk Holdings has purchased 68.16 bitcoins for approximately C$5 million
- Cypherpunk now holds an aggregate of 350 bitcoins
- The company’s objective is to hold a majority of its unallocated resources in bitcoin, while maintaining sufficient cash assets to meet the day-to-day needs
- Cypherpunk Holdings Inc. is a Canadian-based holding company, set up to invest in technologies and cryptocurrencies with strong privacy
- Cypherpunk Holdings (HODL) is up 10 per cent, trading at $0.33 per share at 11:15 am ET
Cypherpunk Holdings (HODL) has purchased 68.16 bitcoins for approximately C$5 million.
The average price per bitcoin was $58,092.
Cypherpunk now holds an aggregate of 350 bitcoins.
The purchase was made in accordance with Cypherpunk’s newly updated capital allocation and treasury management strategy. The company intends to continue maintaining sufficient cash assets to meet the day-to-day working capital requirements of its business and its investment needs.
The company’s objective is to hold a majority of its unallocated resources in bitcoin, which it regards as its primary treasury reserve asset, subject to market conditions and the company’s anticipated needs for cash assets.
In connection with its holdings of digital assets, the company has adopted controls to guard against the risk of loss and/or theft associated with holding such assets. Cypherpunk uses third-party custodians to safeguard all or a substantial portion of its digital assets.
Cypherpunk Holdings Inc. is a Canadian-based holding company, set up to invest in technologies and cryptocurrencies with strong privacy. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro 66.
Cypherpunk Holdings (HODL) is up 10 per cent, trading at $0.33 per share at 11:15 am ET.