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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.
Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) has entered into an investor relations agreement with Proconsul Capital The agreement, effective until October 30, 2024, involves Proconsul providing strategic communication services for a monthly fee of $7,000 plus HST. As part of the agreement, Cypherpunk has issued stock options to Proconsul for 100,000 common shares at $0.145 per share, exercisable until September 11, 2026. Additionally, Cypherpunk has granted stock options for 49,971 common shares to newly appointed director Ungad Chadda at the same price, expiring on September 10, 2029. Both option grants were made under the company's stock option plan approved by shareholders on July 30, 2024.
Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) has appointed Ungad Chadda as an independent director to its Board of Directors, effective immediately. Mr. Chadda brings extensive experience from his 21-year tenure at TMX Group , where he held various senior positions, including President of the Toronto Stock Exchange. He is currently the CEO and Director of Urban Infrastructure Group Inc., a TSX Venture Exchange-listed company.
Mr. Chadda's background includes roles as Director of Listings at TSX Venture Exchange, CFO of TSX Trust, and SVP of Enterprise Corporate Strategy at TMX Group. He holds an Honours Bachelor of Commerce from McMaster University, a Chartered Accountancy designation, and completed the Director Education Course at Rotman School of Management.
Leah Wald, CEO of Cypherpunk Holdings, expressed confidence that Mr. Chadda's regulatory and leadership experience in capital markets will contribute to executing new strategies in the blockchain and digital asset sectors, reinforcing the company's commitment to enhanced governance.
Toronto-based Cypherpunk Holdings (CSE: HODL, OTC Pink: CYFRF) announced a name change to Sol Strategies Inc.. The change will take effect on the Canadian Securities Exchange starting September 12, 2024. The stock symbol HODL remains unchanged. A new CUSIP number has been issued, but existing shareholders need not take any action as their certificates remain valid. Shareholders with inquiries are advised to contact the Company or their brokers.
Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) has announced a significant update on its investment holdings and staking activity. The company has increased its Solana (SOL) holdings to 86,294.0575 SOL, valued at approximately $21.6 million, with an average acquisition price of US$143. Cypherpunk has also generated 230.35 SOL ($57,639) in gross revenue from SOL staking since June 14, 2024.
The company's Bitcoin holdings have decreased to 56.29229277 BTC, valued at approximately $5.2 million. Cypherpunk has sold its remaining 6,590,909 shares of Animoca Brands for gross proceeds of $5.1 million. As of the announcement, the company has approximately $4.9 million in cash, other assets and private equity investments valued at $492,000, and net liabilities of approximately $115,000.
Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) has announced a significant update on its Solana (SOL) operations. The company has increased its SOL holdings to 63,003.952599862 (CAD $13,968,842.49), up from zero at the end of March 2024. This includes SOL used for staking.
Cypherpunk has also launched its own SOL validator and is staking 49,917 SOL ($11,067,285.17) on its own node, demonstrating a strong commitment to the Solana ecosystem. Additionally, the company has initiated a SOL options trading strategy, diversifying its involvement in the Solana market.
Cypherpunk Holdings has appointed Leah Wald, former CEO of Valkyrie Investments, as its new President and Chief Executive Officer, replacing Antanas Guoga (Tony G).
Ms. Wald, a crypto industry veteran, will also remain a director of Cypherpunk while Mr. Guoga continues as Chairman. Wald's tenure at Valkyrie was marked by the launch of the first-ever NASDAQ-listed Bitcoin futures ETF and various other Bitcoin ETFs and private funds, leading to $1.3 billion in AUM within a year, establishing Valkyrie as a key player in digital asset management.
Wald aims to review and transform Cypherpunk's business strategy and brand to position it as a leading vehicle for digital asset investment in public markets. This leadership change comes as the company prepares for its annual and special meeting of shareholders on July 30, 2024.
Cypherpunk Holdings, a Canadian-based investment vehicle focused on the blockchain ecosystem, has announced the grant of 3,000,000 stock options to its officers, directors, and employees. Each option allows the purchase of one common share at $0.115, expiring on July 3, 2029, with a four-month hold period from the grant date. Additionally, the company has cancelled 6,900,000 stock options that no longer aligned the interests of holders with shareholders.
Cypherpunk Holdings has successfully completed its Normal Course Issuer Bid (NCIB), buying and canceling 7,603,343 common shares at an average price of CAD $0.1228 per share, representing about 5% of its outstanding shares as of February 20, 2024. The company also sold 1,507,692 shares of Animoca Brands for USD $980,000 and acquired 6,131 Solana (SOL) at an average price of USD $163.11 each. Cypherpunk reaffirms its commitment to the cryptocurrency sector, recognizing its substantial financial opportunities, and will continue to explore strategic avenues in this space.
Cypherpunk Holdings Inc. announced an update on their holdings, including the sale of Animoca Brands shares and Bitcoin, as well as their current assets. The company sold additional shares of Animoca Brands, receiving AUD $2,003,110. They also hold 117.09 Bitcoin and maintain investments in Chia Networks Inc. and NGRAVE.
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