Market Analysis

Cypherpunk Bitcoin Reserves – 9th Leading Public BTC Holder.

Cypherpunk Holdings, a renowned privacy-focused Canadian investment firm, has increased its stake in Bitcoin [BTC].

Within an official statement, the firm revealed that it has added 72.979 BTC to its reserves since 30th June 30 this year.

Cypherpunk funded the acquisition by liquidating its holdings of Monero [XMR] and Ethereum [ETH], as also via partial proceeds from a personal placement of $505k CAD or $388k USD., closed on 27th Aug.

With the acquisition, Cypherpunk now holds 276.479 BTC in its reserves, making it the 9th-leading public Bitcoin holder. At the present values, Cypherpunk’s stake in BTC is worth slightly below $4.8 Mln.

At the reporting time, a min of 14 publicly-traded firms held Bitcoin on their books. Combined, their holdings amount to 66,896.59 BTC, or $1.2 Bln. That’s roughly 3.2% of Bitcoin’s entire circulating supply.

Cypherpunk Holdings, which trades on the Canadian Securities Exchange, has several privacy-focused businesses on its books, including Wasabi Wallet and Samourai Wallet. The firm also invests in Hydro66, a green cloud infrastructure platform, and smart contract protocol Chia Network.

The firm is operated under Antanas Guoga, or Tony G, a Lithuanian businessman, politician, and former professional poker player. He now is an elected member of the Seimas, the branch of the Lithuanian government. Earlier, he served as a Member of the European Parliament for Lithuania.

It appears that more public firms are converting their cash holdings into Bitcoin as more suitable store usefulness. MicroStrategy, which has converted most of its cash holdings into Bitcoin, is one of the most prominent examples of this trend. The firm now sits on 38,250 BTC after nearly doubling its holdings over the summer.

Galaxy Digital is the 2nd-largest public Bitcoin holder at 16,402 BTC, followed by Square’s 4,709 BTC.

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