Fwd: Corporate Update

Tue Jun 28 07:59:54 PDT 2022

I have been robbed at the pump.

---------- Forwarded message ---------
From: Cypherpunk Holdings inc. <veronika at cypherpunkholdings.com>
Date: Tue, Jun 28, 2022, 10:51 AM
Subject: Corporate Update
To: <G at xny.io>

Update on Cryptocurrency Holdings and Strategy
Corporate Update
Update on Cryptocurrency Holdings and Strategy

*TORONTO, ONTARIO, June 28, 2022. ‐ Cypherpunk Holdings Inc. (CSE: HODL,
OTC: CYFRF)* (“*Cypherpunk*” or, the *"Company*"), a sector leader for
blockchain, metaverse, privacy and cryptography focused investments, would
like to announce updates on Cryptocurrency Holdings and Company’s Strategy.

*Market Overview and Strategy:*
*Moe Adham, CIO of Cypherpunk Holdings commented*: “Crypto markets remain
in a deep risk off environment. There remains risk of further significant
drawdowns in asset prices across the crypto sector. In the interest of all
shareholders, the company transitioned its treasury to cash. This
transition prepares our business to take advantage of investment
opportunities we believe will become available after a substantial
recapitalization of certain projects.”

*Cryptocurrencies:*
The Company has sold 205.8209 ETH for proceeds CAD $293k and 214.7203 BTC
for proceeds CAD $6,086,283.
The Company’s treasury presently holds no BTC and no ETH.
The total proceeds from the sale of cryptocurrencies is CAD $6,378,787.

*Cash Position:*

For cash and stables the company has CAD $18.16M on hand.
An additional CAD $1.93M is allocated to structured products with a 30 days
redemption notice.

*Jeff Gao, the CEO and President of Cypherpunk Holdings commented*:
“Recently, Cypherpunk liquidated all of its treasury holdings in BTC and
ETH for cash and withdrew back to custody. We continue to see systemic
risks propagating throughout the crypto ecosystem and, in our assessment of
the risk reward and opportunity costs involved in holding asset tokens, we
believe that the most prudent approach is to sit on the sidelines as we
wait for the volatility and illiquidity contagion to come to its logical
conclusion. On the balance of probabilities, we see weaker price action
opening the way to lower levels to come as reports of the number of chains
imposing 'temporary' suspension on withdrawals increases. Until such a time
as our thesis on market conditions change, our treasury will remain in
cash. Cypherpunk maintains its long-term bullish outlook on crypto and
currently plans to actively seek to capitalize on compelling risk reward
opportunities as and when they present.”

*About Cypherpunk Holdings Inc. *

Cypherpunk was established to invest in currencies, companies, technologies
and protocols, which enhance or protect privacy. Its strategy is to make
targeted investments in businesses and assets with strong privacy
attributes, often within the blockchain ecosystem, including select
cryptocurrencies. Current equity investments include Samourai Wallet,
Wasabi Wallet, Chia  NGRAVE and GOAT.

*Cautionary Note Regarding Forward-Looking Information *
This news release contains “forward-looking information” within the meaning
of applicable securities laws. Generally, any statements that are not
historical facts may contain forward-looking information, and
forward-looking information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”
or “does not anticipate”, or “believes”, or variations of such words and
phrases or indicates that certain actions, events or results “may”,
“could”, “would”, “might” or “will be” taken, “occur” or “be achieved”.
Forward-looking information includes, but is not limited to the Company’s
expectation or belief regarding its corporate mission, goals and
investments. There is no assurance that the Company’s plans or objectives
will be implemented as set out herein, or at all. Forward- looking
information is based on certain factors and assumptions the Company
believes to be reasonable at the time such statements are made and is
subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those 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
such information. Accordingly, readers should not place undue reliance on
forward-looking information. Forward-looking statements are made based on
management’s beliefs, estimates and opinions on the date that statements
are made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by law. Investors are cautioned against
attributing undue certainty to forward-looking statements.

*Officer/Director Contact:*
*Investor Relations Contact: *
Jeffrey Gao
Veronika Oswald
Chief Executive Officer
Investor Relations
jeff at cypherpunkholdings.com
veronika at cypherpunkholdings.com
Office: 1-647-946-1300
Office: 1-647-946-1300

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