Purchase of Monero Tokens and Depositing of Bitcoin to Generate Operating Income
TORONTO, ONTARIO, Canada, March 3, 2021 – Cypherpunk Holdings Inc. (“Cypherpunk” or
the “Company”) (CSE: HODL) a sector leader for privacy-technology investments is pleased to
provide a corporate update summarizing the Company’s current corporate plans and completed
Cypherpunk Holdings is pleased to announce a purchase of 1,780 Monero tokens for CAD
$500,000. This purchase of Monero strengthens the Company’s investment thesis in becoming
the world’s leading privacy focused investment vehicle. According to Messari, Monero is also the
world’s leading privacy asset by market cap (https://messari.io/asset/monero). Additional
information can be found at getmonero.org.
To further increase the cash flow and generate income, part of the Company’s Bitcoin holding is
being deposited to BlockFi for variable interest.
BlockFi is providing credit services to markets with limited access to simple products like a savings
account. More on BlockFi here.
The Company is currently devoting resources to researching the two promising sectors of
Decentralized Finance (DeFi) and Non Fungible Tokens (NFT) as these are high growth areas.
Cointelegraph reports the sales volume from the top three platforms grew to $342 million in
February, up almost 400% from the $71 million recorded the month before.”
About Cypherpunk Holdings Inc.
Cypherpunk is a company set-up to invest in companies, technologies and protocols, which
enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets
with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies.
Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro
Cautionary Note Regarding Forward-Looking Information
Cypherpunk Holdings Cautionary Note Regarding Forward-Looking Information at the following link.
Investor Relations Contacts:
Investor Relations, Cypherpunk Holdings Inc.