Cypherpunk Holdings becomes 9th-largest public holder of Bitcoin


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Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian funding firm, has upped its stake in Bitcoin (BTC). 

The corporate disclosed Thursday that it has added 72.979 BTC to its reserves since June 30, 2020.

Cypherpunk funded the acquisition by liquidating its holdings of Monero (XMR) and Ethereum (ETH), in addition to by way of partial proceeds from a non-public placement of CA$505,000, or $388,000, closed on Aug. 27.

With the acquisition, Cypherpunk now has 276.479 BTC in its reserves, making it the ninth-largest public Bitcoin holder. At present values, Cypherpunk’s stake in BTC is value just below $4.8 million.

On the time of writing, not less than 14 publicly-traded corporations held Bitcoin on their books. Mixed, their holdings quantity to 66,896.59 BTC, or $1.2 billion. That’s equal to roughly 3.2% of Bitcoin’s circulating provide.

Cypherpunk Holdings, which trades on the Canadian Securities Alternate, has a number of privacy-focused companies on its books, together with Wasabi Pockets and Samourai Pockets. The corporate additionally invests in Hydro66, a inexperienced cloud infrastructure platform, and good contract protocol Chia Community.

The corporate is run by Antanas Guoga, or Tony G, a Lithuanian businessman, politician and former skilled poker participant. He now serves as an elected member of the Seimas, the legislative department of the Lithuanian authorities. Beforehand, he served as a member of European Parliament for Lithuania. 

It seems that extra public corporations are changing their money holdings into Bitcoin as a extra appropriate retailer of worth. MicroStrategy, which has transformed most of its money holdings into Bitcoin, is the most prominent example of this trend. The corporate now sits on 38,250 BTC after practically doubling its holdings over the summer season. 

Galaxy Digital is the second-largest public Bitcoin holder at 16,402 BTC, adopted by Sq.’s 4,709 BTC.

Cypherpunk didn’t instantly reply to a request for remark.