- Cypherpunk Holdings (HODL) has announced a $630,000 investment in 168 Trading Limited
- 168 Trading Limited is a private fund trading cryptocurrency and related derivatives
- Cypherpunk is a crypto investment company focused on blockchain technologies, the metaverse and privacy-centric cryptographic security protocols
- Shares of Cypherpunk Holdings Inc. (HODL) opened trading at C$0.115
Cypherpunk Holdings (HODL) has announced a $630,000 investment in 168 Trading Limited.
168 Trading Limited is a Gibraltar-based private fund trading cryptocurrency and related derivatives. The fund employs quantitative analysis and algorithms to achieve the goal of consistent profitability.
Cypherpunk Holdings CEO Jeff Gao commented on the partnership with 168 Trading.
“The time when publicly traded companies can get by as a vehicle for passively holding crypto is behind us. What will set Cypherpunk apart from the rest of the industry is our focus on surgically targeting pockets of excess returns in crypto volatility space and our focus on risk-adjusted returns as a metric for treasury management excellence. Going forward, Cypherpunk’s strategy will include operating a diversified portfolio of niche and highly technical strategies within the nascent cryptocurrency markets, some of which will be operated by third parties. We plan to engage partners with extensive trading experience who can perform crypto research for the purpose of profiting off volatility via directionally neutral strategies across exchanges and instruments. I am looking forward to keeping our shareholders and investors informed as the company undergoes a pivotal transformation.”
Cypherpunk Holdings is an actively managed crypto investment company with a focus on blockchain technologies, the metaverse and privacy-centric cryptographic security protocols. Current equity investments include Bitcoin, Ethereum, Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Animoca Brands.
Shares of Cypherpunk Holdings Inc. (HODL) opened trading at C$0.115.
