Cypherpunk Holdings Inc. Takes 4.5% Stake in Wasabi Wallet

TORONTO, ONTARIO, Canada, November 21, 2019 – Cypherpunk Holdings Inc. (“Cypherpunk”
or the “Company”)
(CSE: HODL) is pleased to announce that it has completed an equity investment in
zkSnacks Limited (“zkSnacks”), whose products include Wasabi Wallet. Wasabi Wallet is an open-source,
non-custodial, privacy-focused Bitcoin wallet for desktop use, that implements trustless coin shuffling with
mathematically provable anonymity.

Under the terms of the transaction, Cypherpunk Holdings acquired ordinary shares of zkSnacks from its
founding shareholders, representing 4.5% of the issued and outstanding ordinary shares of zkSnacks, for
an aggregate purchase price of $337,500. In addition, the Cypherpunk Holdings’ Chief Investment Officer,
Moe Adham, has joined zkSnacks’ board of directors.

Commentating on the investment, Cypherpunk Holdings, President and CEO, Dominic Frisby, said: “It’s
taken a lot of work and several months to get this deal over the line, so I would like to both thank and
congratulate everyone involved. We have been most impressed with the Wasabi product and with the
growth zkSnacks has displayed. We also believe its role in restoring fungibility to bitcoin will be vital.
We are very excited to be coming on board as shareholders and participating in the continuing growth of

ZkSnacks CEO, Bálint Harmat, added, “In Cypherpunk Holdings, we believe we have found not only an
investor, but a strategic partner with whom we share common interests and goals regarding privacy. We
are looking forward to participating together as we continue to grow the business of zkSnacks.

Cypherpunk Holdings Inc. invests 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. Cypherpunk’s common shares trade
on the Canadian Securities Exchange under the symbol “HODL”.

Cautionary Note Regarding Forward-Looking Information

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

Cautionary Note Regarding Forward-Looking Information

Investor Relations Contact:
Dominic Frisby
President and CEO

Cypherpunk Holdings Inc.
130 King Street West
The Exchange Tower, Suite 3680
Toronto, ON M5X 1B1
Telephone: 416.599.8547

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