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On July 16, Cypherpunk Holdings announced via their latest blog post that they had accumulated over 63,000 SOL (worth $14 million USD) within a month from an initial investment of just $1 million USD.
According to the latest financial report, Cypherpunk’s total assets have increased by 14.3 million USD in the past six months, reaching 31.3 million USD. The increase mainly came from SOL purchases, along with BTC, Bitcoin mining equipment and two investments in Chia Network and NGRAVE.
At the end of Q1 2024, Cypherpunk Holdings did not hold SOL. However, in June 2024, they bought about 1 million USD of SOL at an average price of 163.11 USD per token and sold nearly 1 million USD of shares in Animoca Brands, still the second largest shareholder of this metaverse company .
Former Valkyrie CEO, Leah Wald who was appointed CEO of Cypherpunk Holdings last week, shared:
“The Solana ecosystem currently offers many potential opportunities through active on-chain activities. I believe that the development of a blockchain plays an important role in promoting community and developer activity. development.”
Previously, Cypherpunk Holdings invested in BTC in April 2019 and became one of the companies that publicly held the 9th largest amount of Bitcoin at that time. This was also the year that the company was listed on the Canadian Securities Exchange under the code HODL.
