- Cypherpunk has increased its total bitcoin (BTC) holdings to 386 BTC, a net increase of 26 BTC since April 13
- The company also purchased 511.9 ether (ETH) for a purchase price of approximately $1.24 million
- Cypherpunk has agreed to lend 100 BTC via an open term loan to Genesis Global Trading Inc at an annual interest rate of 2.5 per cent
- Cypherpunk currently has $3.3M in cash on hand
- Cypherpunk invests in companies, technologies and protocols which enhance or protect privacy
- Cypherpunk Holdings Inc. (HODL) is up 3.03 per cent, trading at C$0.17 per share at 4 pm ET
Cypherpunk Holdings (HODL) is pleased to provide an update on the company’s cryptocurrency holdings.
Updated BTC holding and ETH purchase
Cypherpunk has increased its total bitcoin (BTC) holdings to 386 BTC at an aggregate purchase price of approximately C$1.24 million. The average price per bitcoin was C$47,541. This represents a net increase of 26 BTC since April 13.
In addition, the company has also purchased 511.9 ether (ETH) for a purchase price of approximately $1.24 million. The average price per ETH was $2,413.
Lending of BTC
To generate further operating revenue, Cypherpunk has agreed to lend 100 BTC via an open term loan to Genesis Global Trading Inc. generating on average 2.5 per cent interest per annum.
Cash balance
The company currently has $3.3M in cash on hand.
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 Inc. (HODL) is up 3.03 per cent, trading at C$0.17 per share at 4 pm ET.