Dominic Frisby here, President and CEO of Cypherpunk Holdings.
I'm writing today to update you on a couple of recent developments at Cypherpunk Holdings.
First of all, you might have noticed that we increased our bitcoin holdings to 203btc. We are now fully invested in both our core and variable positions. To determine our variable position (20btc) we are using a simple trend-following strategy, which, if you're interested to learn more about, I outline here in a recent column for Moneyweek.
We have also updated our presentation. Please take a look and let me know if you have any comments. I have placed greater emphasis on our equity positions, as these are where we feel Cypherpunk Holdings has real edge, and where the greatest potential for appreciation lies.
On that note, we are in advanced stage discussions for two more deals in the privacy space - and I will of course keep you updated as soon as there is anything concrete to announce.
There share price has enjoyed a bit of a boost in recent days, which I am delighted to see, and we are no longer trading at such an obvious discount to NAV - although what NAV actually is is open to debate because of three of our equity positions are not publicly traded. As I have said before, eventually I want to see Cypherpunk Holdings trading at a premium that reflects the extraordinary management we have on the investment committee, the early stage deals we are able to get access to and the first-mover advantage we have in what is set, we believe, to be one of the narratives of the next decade in technology: privacy. We have a way to go to achieve that.
Behind the scenes, we have just completed our first full audit as a privacy tech company, and boy was it arduous. My sincere thanks go to Moe Adham and the backroom team of Lana Thompson, David Sotomayor and Dennis Gibson for their extremely hard work on this.
There are other developments which I am hard at work on and I will update you as soon as I have news.
Thank you for your interest in Cypherpunk Holdings Inc.
With best wishes,
President and CEO