Nov 30, 2020 06:10 UTC
Nov 30, 2020 at 06:11 UTC
A Canadian publically control company has liquidated all of its ethereum and monero holdings and place all of the yield into bitcoin. the corporate is junction rectifier by a widely known poker player and former member of the ecu Parliament.
Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), declared Thursday that it’s multiplied its bitcoin holdings to 276.479 bitcoins. At this value, the corporate currently holds regarding $5 million USD in bitcoin. Cypherpunk Holdings additional that this can be a web increase since June thirty of seventy 2.979 bitcoins, elaborating:
The increase in bitcoin holdings could be a results of the total liquidation of positions in monero (XMR) and ethereum (ETH), still because the partial use of yield from a personal placement of $505,000 CAD that closed on August twenty seventh, 2020.
Founded in 1995, Cypherpunk Holdings was once called Khan Resources Iraqi National Congress. however the corporate modified its name in Gregorian calendar month 2018. Cypherpunk invests in cryptocurrencies and privacy technologies and is listed on the CSE below the ticker HODL. business executive Antanas Guoga, or Tony G, could be a documented high stakes poker player and former member of the ecu Parliament. He supported the Blockchain Centre in Vilna, Lithuania, in 2018.
Cypherpunk Holdings joins a growing list of major corporations with a treasury position in bitcoin like the Nasdaq-listed Microstrategy and Jack Dorsey’s sq. Iraqi National Congress.