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Sol Strategies Inc C.HODL

Alternate Symbol(s):  CYFRF

Sol Strategies Inc. is a Canadian company focused on blockchain investments. The Company is engaged in the development of the blockchain and cryptocurrency ecosystem through its activities in the private equity and financial markets and its support for related technology innovation. Through its investments, the Company offers its shareholders exposure to Solana through its direct investing and staking activities. It makes strategic investments in the Solana ecosystem and participates in staking its SOL, thereby supporting the Solana network. It operates a validator node, responsible for verifying transactions and producing new blocks, which requires significant SOL staking. By staking SOL and running the validator, it earns rewards in additional SOL tokens based on its validators performance and the total amount staked. By staking Solana and investing in Solana-based projects and infrastructure, the Company seeks to benefit from the growth of Solana and its other investments.


CSE:HODL - Post by User

Post by thseeker1on Apr 13, 2021 10:48am
194 Views
Post# 32984705

Cypherpunk just announced more BTC purchased total 350 BTC

Cypherpunk just announced more BTC purchased total 350 BTCoronto, Ontario--(Newsfile Corp. - April 13, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) (OTC Pink: KHRIF) (the "Company"), a sector leader for privacy-technology investments, is pleased to announce that it has purchased 68.16 bitcoins for an aggregate purchase price of approximately $5 million (Canadian dollars), inclusive of fees and expenses. The average price per bitcoin was $58,092. As a result of this acquisition, the Company now holds an aggregate of 350 bitcoins.

The purchase by the Company of additional bitcoins was made in accordance with its newly updated capital allocation and treasury management strategy for the Company's capital in excess of its working capital and other investment requirements. Under the Company's current capital allocation plan, the Company intends to continue to maintain cash assets that are sufficient to meet the day-to-day working capital requirements of its business and its investment needs. In addition, under this plan, the Company's objective is to hold a majority of its unallocated resources in bitcoin, which the Company now regards as its primary treasury reserve asset (being all unallocated cash and bitcoin assets of the Company in excess of the Company's anticipated near term working capital and other investment capital needs), subject to market conditions and the Company's anticipated needs for cash assets.

In connection with its holdings of digital assets, such as bitcoin and any other applicable cryptocurrencies, the Company has adopted controls to guard against the risk of loss and/or theft associated with holding such assets. For example, the Company uses third-party custodians to safeguard all or a substantial portion of its digital assets. Certain information about such third party custodial arrangements which the Company believes could be important to investors is available on the Company's website at: https://cypherpunkholdings.com/security-operations/.


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