Investment of CAD $630k into Cryptocurrency Hedge Fund 168 Trading
("Cypherpunk" or, the "Company"), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce a new investment of CAD $630k (USD $500k) into 168 Trading Limited.
About 168 Trading Limited
168 Trading Limited is a Gibraltar based Private Fund trading cryptocurrency and related derivatives. Their core strategies are arbitrage positions, term structure trading through futures contracts and overnight funding management. The Fund employs proprietary quantitative analysis and algorithms to achieve the goal of consistent profitability.
Cypherpunk Holdings CEO Jeff Gao led the move to diversify the company's treasury management away from passive storage and made the following comments in relation to the partnership with 168 Trading.
"The time when publicly traded companies can get by as a vehicle for passively holding crypto is behind us. What will set Cypherpunk apart from the rest of the industry is our focus on surgically targeting pockets of excess returns in crypto volatility space and our focus on risk-adjusted returns as a metric for treasury management excellence. Going forward, Cypherpunk's strategy will include operating a diversified portfolio of niche and highly technical strategies within the nascent cryptocurrency markets, some of which will be operated by third parties. We plan to engage partners with extensive trading experience who can perform crypto research for the purpose of profiting off volatility via directionally neutral strategies across exchanges and instruments. I am looking forward to keeping our shareholders and investors informed as the Company undergoes a pivotal transformation."
About Cypherpunk Holdings Inc.
Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy...