Home » Cypherpunk Holdings just added $1.2 million worth of Bitcoin

Cypherpunk Holdings just added $1.2 million worth of Bitcoin

by Carolina Lynch
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Bitcoin’s strong bullish run and its legacy as the strongest cryptocurrency in the world has attracted many businesses for wider BTC adoption.  

Now Cypherpunk Holdings is the latest to increase its BTC holdings and thereby becoming the ninth largest public holder of Bitcoin.

Cypherpunk Holdings Inc is a leading publicly traded merchant investing in blockchain and crypto has toppled the croton news circles by buying additional bitcoins worth approx. 1.2 Million dollars. 

CypherPunk Buys Additional Bitcoins by Liquidating ETH and XMR

With Cypherpunk  Holdings buying additional Bitcoins, the company owns a massive 4.6 Billion USD worth of Bitcoins after fully incentivizing its Monero and Ethereum positions. 

Cyberpunk announced on the official press release that they are increasing the BTC holdings to 276.479 by buying an additional 72.979 BTC through full liquidation of its XMR and ETH positions. It also used the proceeds from its private investment of 505 000 Canadian dollars, which happened on Augustt this year.


As the price of Bitcoin continues to soar amid few corrections, a lot of companies are buying additional BTC to solidify their stakes in the market and gain in the long run. Even though Cyberpunk is a smaller company with a lesser market capitalization below 7 Million USD, it is fast transitioning to become a company with constantly increasing Bitcoin treasuries.

The company is popular as its CEO; Antennas Gouga is a world-famous and richest professional poker player in the world with an estimated net worth of 36 Million USD.  The Lithonia based businessmen running the company thus attracts major attention in the crypto markets.

After mainstream players like MicroStrategy, Grayscale, and PayPal adopting Bitcoin at a large scale, even the smaller companies are venturing into the Bitcoin space. 

Cyberpunk Holdings is an investment service provider that helps investors venture into bitcoin and privacy technology and is listed on the CSE(Canada Stock Exchange) under the HODL ticker. The firm with several privacy-focused businesses under its credit like Samurai and Wasabi wallet. It is also a leading investor in Hydro66 and Chia Network. With the new BTC procurement, Cypher technologies become the ninth-largest Bitcoin token holder with BTC stakes from the company close to 4,8 million USD. 


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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