Cypherpunk Holdings Inc. Announces Private Placement and Appointment of Chief Executive Officer

TORONTO, ONTARIO, Canada, August 4, 2020 – Cypherpunk Holdings Inc. (“Cypherpunk” or
the “Company”)
(CSE: HODL) is pleased to announce that Antanas (Tony) Guoga has been appointed
as Chief Executive Officer of the Company. In addition, Cypherpunk Holdings announces that it intends
to complete a non-brokered private placement offering, pursuant to which the Company plans to issue
and sell up to 10,000,000 units (“Units”) of the Company at a price of C$0.05 per Unit (the “Offering”)
for gross proceeds of up to C$500,000. Each Unit consists of one common share (a “Share”) of the
Company and one half of one common share purchase warrant (a “Warrant”). Each whole Warrant
entitles the holder to purchase one additional Share of the Company at an exercise price of C$0.10 for a
period of 24 months. Mr. Guoga, already a substantial shareholder of the company, will participate in the

Moe Adham, Director and CIO said: “On behalf of the Company’s board of directors, I would like to
congratulate Tony Guoga on his appointment as CEO. The Board unanimously concluded that Mr.
Guoga’s leadership, entrepreneurial drive, and considerable knowledge of the world of blockchain
businesses and technologies, including cryptocurrencies, made him the right candidate to assume the role
as CEO and to lead the Company in continuing to pursue targeted investments in these areas.”

Mr. Guoga is a well-known investor, businessperson, high stakes poker player, and former member of
the European Parliament. His diverse accomplishments include being named as one of Politico
Magazine’s 28 people who are shaping, shaking and stirring Europe in 2016. Guoga also founded the
Blockchain Centre in Vilnius, Lithuania in 2018. On the other side of the coin, Guoga is a cable tv star
in the USA by winning millions of dollars locking horns at poker with the best players in the world. He
resides in Vilnius, Lithuania.

Commentating on the appointment, Mr. Guoga said: “I am delighted to have been chosen by my fellow
directors to lead Cypherpunk Holdings. I am an avid investor in bitcoin, cryptocurrencies and privacy
tech. I am an activist in advocating widespread use of strong cryptography and privacy-enhancing
technologies as a route to social and political change.”

The Company intends to use the net proceeds from the Offering to invest in additional opportunities in
the cryptocurrency, blockchain and privacy sector. The additional capital will enable Cypherpunk
Holdings to execute on its unique position as a vehicle 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, and Hydro 66.

Cautionary Note Regarding Forward-Looking Information

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:

Investor Relations Contacts:
Lana Thompson
Operations Coordinator, Cypherpunk Holdings Inc.,
Office: 416.599.8547

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