CYPHERPUNK HOLDINGS ANNOUNCES RESULTS OF ANNUAL MEETING

TORONTO, ONTARIO, Canada, May 15, 2020 – Cypherpunk Holdings Inc. (“Cypherpunk” or the
“Company”)
(CSE: HODL) is pleased to announce that shareholders voted in favour of all resolutions presented
in its management information circular at the annual meeting (the “Meeting”) held on May 14, 2020. A total of
33,072,129 common shares were voted at the Meeting, representing approximately 37% of the votes attached to
all outstanding common shares, and voting results are as follows:

About Cypherpunk

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

More details, and the latest company presentation, can be found at the company’s website:
https://cypherpunkholdings.com/

Investor Relations Contact:
Marc Henderson
Director
Cypherpunk Holdings Inc.,
Office: 416.599.8547

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