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Cypherpunk Holdings Inc. is a Canadian company focused on investing in businesses, technologies, and protocols that enhance privacy. The company's strategy involves targeted investments in entities with strong privacy attributes, often within the blockchain ecosystem. Current equity holdings include Animoca Brands, Samourai Wallet, Wasabi Wallet, Chia, and NGRAVE. Cypherpunk Holdings recently announced a normal course issuer bid (NCIB) to repurchase up to 7,603,359 common shares, representing 5% of the company's issued and outstanding shares. The NCIB is aimed at increasing shareholder value and will be executed through market purchases on the Canadian Securities Exchange. Additionally, the company has entered into an agreement to sell 2.5 million shares of Animoca Brands at $0.90 AUD per share, with proceeds reinvested to support its investment strategy.
Sol Strategies Inc. (CSE: HODL) (OTC Pink: CYFRF) has secured a CAD $25 million credit facility from its Chairman and Director, Antanas Guoga, specifically for purchasing Solana tokens. The company has already drawn $4 million from this facility, which will be used for staking operations, DeFi protocols, validator operations, and strategic liquidity provision to Solana-based projects.
The credit facility, established through an agreement dated January 6, 2025, is unsecured and revolving, with a maturity date of January 6, 2027. The drawn amount will bear a 5% annual interest rate. This transaction constitutes a related party transaction under MI 61-101, but qualifies for exemptions from valuation and minority shareholder approval requirements as it represents less than 25% of the company's market capitalization.
Sol Strategies (CSE: HODL) has completed the acquisition of three blockchain validators from Orangefin Ventures. The acquisition increases Sol Strategies' total staked SOL to 1,505,145 (CAD $440,249,107), of which the company owns 142,801 SOL. The staked SOL is distributed across three validators: 259,033 SOL on their proprietary validator, 677,879 SOL on the Cogent Crypto validator, and 632,302 SOL on the Orangefin Ventures validator.
The purchase consideration includes USDC$750,000 cash payment, USD$750,000 in common shares (503,621 shares at CAD $2.14), and USD$5,000,000 in additional shares to be issued in six equal tranches over three years. Max Kaplan, former Senior Director of Engineering at Kraken, joins as Head of Staking.
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) has signed a definitive agreement to acquire three validators from Orangefin Ventures for USD$6.5 million. The acquisition includes validators operating on Solana, Solana Testnet, and Arch Testnet networks. Post-acquisition, Sol Strategies will manage 1,505,145 SOL (CAD $406,852,077) across its validator operations, with an approximate 9% APY.
The purchase price will be paid through a combination of cash and common shares: USD$750,000 in cash/stablecoin, USD$750,000 in common shares at closing, and USD$5,000,000 in additional shares over three years. Max Kaplan, Orangefin Ventures' founder, will join as Head of Staking. The closing is expected in Q1 2025, subject to regulatory approvals.
Sol Strategies Inc. (CSE: HODL, OTC: CYFRF) has signed a definitive agreement to acquire three validators from Orangefin Ventures for USD$6.5 million. The acquisition includes validators operating on Solana, Solana Testnet, and Arch Testnet networks. Post-acquisition, Sol Strategies will manage 1,505,145 SOL (CAD $406.8M) across its validators, with an approximate 9% APY.
The purchase price will be paid through a combination of USD$750,000 in cash/stablecoin, USD$750,000 in common shares at closing, and USD$5 million in additional shares issued over three years. As part of the deal, Orangefin's founder Max Kaplan joins as Head of Staking. The transaction is expected to close in Q1 2025.
Antanas Guoga, Chair and director of Sol Strategies Inc. (formerly Cypherpunk Holdings), has filed an early warning report regarding the disposition of 3,000,000 common shares through the Canadian Securities Exchange between December 10-12, 2024. Following the disposition, Guoga's holdings decreased from 51,763,267 to 48,763,267 common shares, plus 2,000,000 stock options. His ownership percentage reduced from approximately 35.23% to 32.70% on an undiluted basis and from 36.10% to 33.59% on a partially diluted basis. Guoga maintains a long-term investment view and may acquire or sell additional securities based on market conditions and other factors.
Sol Strategies (CSE: HODL) (OTC: CYFRF) reported significant achievements in H2 2024, including a 2,336% increase in stock performance and market cap growth from CAD $17M to CAD $394.86M since July. The company holds 142,031.09 SOL valued at CAD $46M, 3.168 BTC worth CAD $454,908, and maintains CAD $1.6M in cash.
The company acquired four blockchain validators from Cogent Crypto and signed a LOI to acquire three additional validators. Total delegated stake reached 948,242.86 SOL, valued at CAD $307.8M. The company has applied for Nasdaq listing and maintains net liabilities of approximately CAD $2.86M.
Sol Strategies (CSE: HODL, OTC: CYFRF) announced strategic asset reallocation to increase its Solana holdings. The company exercised call options to acquire 8,000 SOL at USD $180 per SOL, totaling USD $1.52M. Since October 29, 2024, the company purchased 5,852.93 SOL for USD $1.39M and sold 4,080 SOL for USD $1M to fund the Cogent Crypto acquisition.
The company's total SOL holdings increased to 142,031.09 SOL (CAD $42.95M) from 130,125.22 SOL (CAD $32.20M). The company's validators now have a total delegated stake of 948,242.86 SOL. Additionally, Sol Strategies sold 19.7975 BTC for CAD $2.72M, reducing its Bitcoin holdings to 3.168 BTC (CAD $436,333).
Sol Strategies (CSE: HODL) (OTC Pink: CYFRF) has submitted an application for listing on the Nasdaq Stock Market. The application is subject to review and approval by Nasdaq's listing qualifications department and requires compliance with Nasdaq Capital Market standards and regulatory approvals. The company must also file and receive SEC approval for a registration statement.
While pursuing the uplisting process, Sol Strategies will continue trading on the OTC market as 'CYFRF' and maintain its Canadian Securities Exchange listing under 'HODL'. The company views this move as strategic for enhancing institutional investor access and expanding market presence.
Sol Strategies (CSE: HODL, OTC: CYFRF) has announced a letter of intent dated December 2, 2024, to acquire three blockchain validators from an arm's-length party. The Proposed Transaction would increase Sol's delegated SOL to 1,493,3784 (CAD $470,397,586), representing an increase of 554,714 SOL (CAD $174,728,786).
The acquisition terms include: USD $750,000 in cash (or SOL/USDC), USD $750,000 in common shares at closing, and USD $5,000,000 in shares over three years subject to performance targets. The expected yearly net income from the new validators is projected at CAD $2,600,000.
The transaction completion is subject to definitive agreement, required consents, and regulatory approval including the Canadian Securities Exchange. No finder's fees are payable.
Sol Strategies (CSE: HODL, OTC: CYFRF) has completed its acquisition of four blockchain validators from Cogent Crypto. The acquisition increases Sol Strategies' total delegated SOL to 941,224, valued at CAD $336.18M, with additional token delegations on SUI, Monad, and Arch blockchains valued at CAD $172.02M. The expected yearly net income from Cogent's Solana validator operation is projected at CAD $6.78M, based on current market conditions. The company has assumed full operational control of the validators following regulatory approval.
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