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Canadian listed investment company Cypherpunk has increased its holdings by 23,000 SOL, bringing the total to over 86,000 SOL

Canadian listed investment company Cypherpunk has increased its holdings by 23,000 SOL, bringing the total to over 86,000 SOL

Bitget2024/08/02 01:36

PANews reported on August 2nd, according to The Block, the latest public documents show that since mid-July, Cypherpunk Holdings, an investment company based in Toronto, Canada, has once again purchased 23,000 SOLs. Its total holdings have increased to 86,294 SOLs worth $21.6 million USD. At the same time, Cypherpunk also reduced its Bitcoin holdings by about 110 coins and currently holds approximately 52 Bitcoins valued at around $5.2 million USD. According to public documents, the company used about 45 of these Bitcoins to purchase 20,000 SOL option contracts while selling off the rest for profit. The company bought its first Bitcoin in 2018. In addition to this activity with cryptocurrencies it also sold Animoca shares worth $5.6 million USD.

Apart from cash assets of $4.9 million USD , Cypherpunk also holds other assets worth $50k such as Chia Network and private equity and venture capital investments amounting to $442k which includes companies like NGRAVE a bitcoin wallet firm.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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