9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Investment firm Cypherpunk Holdings has sold all of its bitcoin and Ethereum holdings amid the market downturn. market update @CypherpunkHODLread here: https://t.co/mRUmqbfU9d #crypto #blockchain #opportunities #be ready #cash
Investment firm Cypherpunk Holdings has sold all of its bitcoin and Ethereum holdings amid the market downturn.
market update @CypherpunkHODLread here: https://t.co/mRUmqbfU9d #crypto #blockchain #opportunities #be ready #cash pic.twitter.com/XXHw9Z7nyh
— Cypherpunk Holdings ($HODL) (@CypherpunkHODL) 28 June 2022
The company sold 205,8209 ETH for C$293,000 (over $227,000 at the time of writing) and 214,7203 BTC for just over C$6 million (over $4.7 million).
Total revenue from the sale of cryptocurrencies amounted to CAD 6,378,787 (approximately $5 million).
Cypherpunk Holdings said the company has liquidated all bitcoins and Ethereum amid the high risks of an even more significant drop in the price of its crypto assets. Funds will continue to be held in cash until market conditions change.
At the same time, company president Jeff Gao emphasized that Cypherpunk Holdings maintains long-term bullish forecasts for cryptocurrencies and plans to capitalize on investment opportunities as they emerge.
Recall that in June, the price of bitcoin dropped below $18,000, while Ethereum dropped to $900. Analysts allow further declines in the value of the first cryptocurrency, up to $10,350.
Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
