Cypherpunk Holdings Buys Another 23,000 SOLs, Total Position Over 86,000

Cypherpunk Holdings, a Toronto, Canada-based investment firm, has bought another 23,000 SOLs, increasing its total holdings to 86,294 ($21.6 million), according to publicly available documents. Cypherpunk also reduced its holdings by about 110 BTC and now holds just over 52 BTC ($5.2 million) in bitcoin. According to its public filings, the company used about 45 of those bitcoins to execute a buy order for 20,000 SOL options and sold the rest at a profit. The company purchased its first bitcoins in 2018. The company also sold $5.6 million worth of its Animoca stock. In addition to the $4.9 million in cash, Cypherpunk holds $50,000 in other crypto tokens, such as the Chia Network, as well as $442,000 in private equity and venture capital investments in bitcoin wallet company NGRAVE.