- Between January 25, 2023, and January 24, 2024, the company may purchase up to 8,003,535 of its common shares for cancellation
- The company believes that purchasing its own common shares for cancellation will increase long-term shareholder value
- Cypherpunk’s strategy is to make targeted investments in businesses and assets within the blockchain ecosystem, including select cryptocurrencies
- Current equity investments include Samourai Wallet, Wasabi Wallet, Chia NGRAVE and GOAT
- Cypherpunk Holdings Inc. (HODL) is up 6.67 per cent on the day, trading at C$0.08 per share at 1:30 pm ET
Cypherpunk (HODL) announced plans to commence a normal course issuer bid.
Between January 25, 2023, and January 24, 2024, the company may purchase up to 8,003,535 of its common shares.
All common shares purchased under the bid will be cancelled and returned to treasury.
The company believes that purchasing its own common shares for cancellation is an appropriate strategy for increasing long-term shareholder value.
Cypherpunk will appoint Canaccord Genuity as its broker to conduct the NCIB transactions on its behalf.
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 attributes, often within the blockchain ecosystem, including select cryptocurrencies.
Current equity investments include Samourai Wallet, Wasabi Wallet, Chia NGRAVE and GOAT.
Cypherpunk Holdings Inc. (HODL) is up 6.67 per cent on the day, trading at C$0.08 per share at 1:30 pm ET.