Cypherpunk Holdings Inc Announces Appointment of Jon Matonis as Chief Economist

TORONTO, ONTARIO, Canada, February 13, 2019 – Cypherpunk Holdings Inc
(“Cypherpunk” or the “Company”) (CSE: HODL) is pleased to announce that Jon
Matonis has joined the company as Chief Economist.

Jon Matonis is a monetary economist with a particular focus on non-political digital
currencies and privacy technologies. His career has included senior influential posts at
VISA International, VeriSign, Sumitomo Bank and Hushmail. He was a founding director
of the Bitcoin Foundation.

Commenting on his appointment, Matonis said, “The financing and support of privacy
technologies is more important now than ever before in history. I am honored to join the
team effort at Cypherpunk Holdings in funding those critical projects that not only should
prevail, but that must prevail.”

Cypherpunk interim CEO, Marc Henderson, said, “Jon Matonis is one of the foremost
intellects in the blockchain, cryptocurrency and privacy technology sector. This
appointment at such an early stage in the evolution of Cypherpunk Holdings shows the
scope of what we are looking to achieve with this company. We are delighted that Jon is
onboard with that. Things are starting to move forward, and we are very excited. We are
hoping to make further announcements in the coming weeks.”

Cypherpunk Holdings Inc is a Canadian-based holding vehicle set up to invest in
companies, technologies and protocols, which enhance or protect privacy, as well as
freedom and trust. Its strategy is to make targeted investments in and acquisitions of
businesses and assets with strong privacy, often within the blockchain ecosystem,
including select cryptocurrencies. The company believes privacy will be an increasingly
strong narrative across the technology sector going forward.

Jon Matonis is an economist and e-Money researcher. He serves as an independent board
director to companies in the Bitcoin, the Blockchain, mobile payments, and gaming
sectors. He has been a featured guest on CNN, CNBC, Bloomberg, NPR, Al Jazeera, RT,
Virgin Radio, and numerous podcasts. As a prominent Fintech columnist with Forbes
Magazine, American Banker, and CoinDesk, he recently joined the editorial board for the

cryptocurrency journal, Ledger. His early work on digital cash systems and financial
cryptography has been published by Dow Jones and the London School of Economics.

Matonis advocates worldwide for Bitcoin to a wide variety of audiences, including
members of the Federal Reserve Bank, the Bank of England, the European Central Bank,
SWIFT, the US Department of Justice, retail payment networks, major financial
institutions, financial regulatory bodies, mobile money issuers, iGaming operators,
information security firms, hedge funds, gold investors, and family offices.

The Company has today granted a total of 900,000 options to purchase shares of the
company at a price of $0.07 per share until June 1, 2023.

Following its recent name change to Cypherpunk Holdings, the Company’s common
shares trade on the Canadian Securities Exchange under the symbol “HODL”. The new
name references the important contribution of the Cypherpunks and the Cypherpunk
Manifesto to the development and ultimate emergence of cryptocurrencies.

Cautionary Note Regarding Forward-Looking Information

Cautionary Note Regarding Forward-Looking Information at the following link.

Cautionary Note Regarding Forward-Looking Information

For further information contact:
Marc Henderson, interim Chief Executive Officer
Toronto, Canada +1 (416) 599 7363

Suite 3680
130 King St. W.
Toronto, ON M5X 1B1
Tel: 416.599.8547
Fax: 416.599.4959

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