Wasabi Dividend and Disposal of Animoca Brands Shares
("Cypherpunk" or, the "Company"), a sector leader for blockchain, metaverse, privacy and cryptography focused investments, is pleased to announce recent events related to the Company's portfolio.
The Company recently sold an additional 350,000 ordinary shares of Animoca Brands Corporation Limited ("Animoca") at an average price of CAD $3.73 for a total proceeds of CAD $1,305,500.
Cypherpunk still holds 1.2m Animoca shares and continues to pursue a strategic relationship with Animoca as per the Company's recently closed investment into TheGoats.io. In total the Company has realized a profit of 265% on its shares sold over the last 5 months.
Dividend from Wasabi Wallet
The Company is also pleased to announce the receipt of a dividend for the Fiscal Year 2021 from its portfolio company zkSnacks Limited, the developer of Bitcoin wallet "Wasabi Wallet.'' Wasabi Wallet is an industry leading desktop wallet software that enables users to enhance their privacy while transacting on the Bitcoin Blockchain.
This is the second dividend received from Wasabi that was paid entirely in Bitcoin, totalling 3.06 BTC with a recorded value of CAD $168,810. Wasabi declared a 68 BTC dividend in January 2022, compared to a 60 BTC dividend in January 2021, representing a 13.3% increase.
In November 2019, Cypherpunk Holdings acquired ordinary shares of zkSnacks from its founding shareholders, representing 4.5% of the issued and outstanding ordinary shares of zkSnacks, for an aggregate purchase price of $337,500 USD. Jeff Gao, CEO of Cypherpunk commented: "Wasabi is highly profitable and is paying out just under half its net profits in dividends. To date Cypherpunk Holdings has received 5.76 bitcoins in dividend from Wasabi and we expect this trend to continue."
About Cypherpunk Holdings Inc.
Cypherpunk was established to invest in currencies, companies, technologies and protocols, which enhance or protect privacy. Its strategy is to...
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