Cypherpunk Holdings increases bitcoin holdings by disposing of Ethereum and Monero

Cypherpunk Holdings, a company listed on the Canadian stock exchange, increased its bitcoin reserves. As of June 30, 2020, net additions totalled 72,979 BTC (~$1.2 million).

Cypherpunk Holdings Inc. Announces Updated Bitcoin Holdingshttps://t.co/fXSDbQJCfa

— Cypherpunk Holdings (CSE:HODL) (@CypherpunkHODL) November 26, 2020

Cypherpunk has increased its stake in the leading cryptocurrency by fully liquidating its Ethereum and Monero assets. The company also partially used the proceeds from a CA$505,000 placement.

As a result, Cypherpunk’s investment portfolio includes 276,478 BTC (about $4.7 million at the time of writing).

According to Bitcoin Treasuries, the Canadian firm ranks among the public companies with the largest bitcoin holdings.

Data: Bitcoin Treasuries.

Earlier the analytics software provider MicroStrategy acquired 21,454 BTC, and in September purchased a further 16,796 BTC. The value of the assets rose from $425 million to $735.2 million.

In October, Square, the payments company of Jack Dorsey invested in bitcoin, $50 million or about 1% of total assets at the end of Q2.

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