Cypherpunk Announces Company Update on Current Solana Holdings, Solana Staking Activity, and Solana Trading Strategy

Toronto, Ontario–(Newsfile Corp. – July 16, 2024) – Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: CYFRF) (“Cypherpunk” or the “Company”), a Canadian holding company dedicated to investing in companies, technologies and protocols within the blockchain ecosystem, announced an update on the Company’s Solana (SOL) holdings, staking activity and trading strategy.

Solana Holdings Increases Stake
The company announced a significant increase in its SOL holdings, with 63,003.952599862 (CAD$13,968,842.49) SOL currently under Coinbase custody, including SOL used for staking (see below), up from zero as of March 31, 2024, its most recently reported fiscal period.

Solana Staking Operations
Along with this purchase, the company has strengthened its commitment to the Solana ecosystem by operating its own SOL validator. It is also staking its own SOL node, with 49,917 SOL ($11,067,285.17).

Solana Options Trading
Concurrent with the purchase and staking of SOL, the Company announced that it was operating a SOL options trading strategy.

About Cypherpunk Holdings Inc.
Cypherpunk Holdings is dedicated to investing in companies, technologies, and protocols within the blockchain ecosystem. With a strategic focus on cryptocurrency and blockchain innovation, the firm leverages its deep industry expertise to identify and support high-potential opportunities in the digital asset space.

Caution regarding forward-looking information
This press release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statement that is not a historical fact 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 state 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 expectations or beliefs regarding its investment in the shares of Animoca Brand and the future performance or operations of Animoca Brand. There can be no assurance that the Company’s plans or objectives will be implemented as stated herein, or 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 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 are cautioned not to place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions as of the date the statements are made and the Company assumes 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 not to place undue certainty on forward-looking statements.

Contact of the manager/director:
Doug Harris
Financial director
[email protected]
Tel.: 647-946-1300

SOURCE: Cypherpunk Holdings Inc.

Media contact: [email protected]

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