Cypherpunk Holdings Inc. Announces First Bitcoin Purchases

TORONTO, ONTARIO, Canada, April 30, 2019 – Cypherpunk Holdings Inc. (“Cypherpunk” or the
“Company”) (CSE: HODL) is pleased to announce its first bitcoin purchases. Company holdings now
amount to 100btc.

Commentating on the purchase, Cypherpunk Director, Dominic Frisby, said: “We put off our first bitcoin
purchase for many months last year due to bear market conditions. However, over the past seven weeks
we began slowly accumulating, using a dollar cost averaging strategy. The initial aim was to make sure
operations (purchase, storage and so on) were functioning properly. Once we were satisfied they were,
our goal was to reach an initial core position of 100 btc, which we have now achieved. We will be
purchasing more bitcoins and, especially, privacy coins in due course.”

Meanwhile, the investment committee – Jon Matonis, Moe Adham and Dominic Frisby – continues to
meet on a weekly basis and has looked at a large number of privacy tech private equity opportunities.
“We hope to be able to announce some investments in the coming weeks,” said Frisby. “All of us on the
committee remain of the view that privacy will grow to be an important narrative in the years ahead”.

Cypherpunk Holdings Inc. is a holding vehicle set up to invest in companies, technologies and protocols,
which enhance or protect privacy. Its strategy is to make targeted investments in and acquisitions of
businesses and assets with strong privacy, often within the blockchain ecosystem, including select

More details, and the latest company presentation, can be found at the company website:

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

Cypherpunk Holdings 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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