Cypherpunk Holdings Inc. Announces Updated Bitcoin Holdings

Disclaimer: The following is a press release that was not written by Cryptonews.com.

Toronto, Ontario – November 26, 2020 – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Companies“) is pleased to announce that it has increased its Bitcoin (BTC) stake to BTC 276,479, a net increase of 72,979 BTC since June 30, 2020.

The increase in Bitcoin holdings is due to the complete liquidation of the positions in Monero (XMR) and Ethereum (ETH), as well as the partial use of the proceeds from a private placement of USD 505,000 CAD that was completed on August 27, 2020.

In October 2020, Cypherpunk Holdings Inc. was added to the unofficial list of public companies with a treasury position in Bitcoin, along with other companies such as MicroStrategy [MSTR], Square [SQ]and Galaxy Digital Holdings [GLXY]. The website for Bitcoin Treasuries can be found at https://bitcointreasuries.org/

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. In general, statements that are not historical facts may contain forward-looking information and forward-looking information may be identified by using forward-looking terminology such as “plans,” “expected,” “not expected,” “expected,” “budget,” “planned “,” Estimates “,” projections “,” intends “,” anticipates “or” not anticipated “or” believes “or variations of such words and expressions or indicates certain actions, events or results” may “,” might “, “would”, “could” or “are” taken, “occur” or “achieved”. Forward-looking information includes, but is not limited to, the Company’s intention to complete the Private Placement Offering and its aim to invest in and increase value in the blockchain and other sectors. There can be no guarantee that the company’s plans or objectives as set out herein will be implemented or implemented at all. Forward-looking information is based on certain factors and assumptions that the company believes to be reasonable at the time such statements are made and are subject to known and unknown risks, uncertainties and other factors that could affect actual results, activity levels, performance, or performance of the company, which is materially different from what is expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in this information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Forward-looking statements are based on the beliefs, estimates, and opinions of management at the time the statements are made, and the company assumes no obligation to update any forward-looking statements if those beliefs, estimates, and opinions or other circumstances change, unless otherwise is required of right. Investors are cautioned not to place undue reliance on forward-looking statements.

Investor Relations Contact:

Lana Thompson
Operations Coordinator, Cypherpunk Holdings Inc.,
[email protected]
Office: 416.599.8547