TORONTO: Cypherpunk Holdings Inc. has closed an oversubscribed, non-brokered private placement offering through the issuance of 19.867 million units at a price of C$0.15 per Unit for gross proceeds of C$2.98 million.

Each Unit is comprised of one common share in the capital of the Company and one half of one whole Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of C$0.25 until January 15, 2023.

The net proceeds and additional capital from the Offering will be used to continue investing as per the Company’s outlined investment strategy in cryptocurrencies, companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem.

In connection with the Offering, certain eligible finders received cash commissions in the aggregate amount of $17,550. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable security legislation. This Offering is subject to final approval of the Canadian Securities Exchange.

Cypherpunk is a company set-up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro 66. www.cypherpunkholdings.com

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