{"id":63628,"date":"2022-06-29T09:28:59","date_gmt":"2022-06-29T06:28:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63628"},"modified":"2025-09-06T10:03:59","modified_gmt":"2025-09-06T07:03:59","slug":"cypherpunk-holdings-sells-all-bitcoin-and-ethereum-holdings-amid-market-downturn","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cypherpunk-holdings-sells-all-bitcoin-and-ethereum-holdings-amid-market-downturn\/","title":{"rendered":"Cypherpunk Holdings sells all Bitcoin and Ethereum holdings amid market downturn"},"content":{"rendered":"<p>The investment firm Cypherpunk Holdings sold all of its Bitcoin and Ethereum assets as the market fell.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Market update from <a href=\"https:\/\/twitter.com\/CypherpunkHODL?ref_src=twsrc%5Etfw\">@CypherpunkHODL<\/a>, read here: <a href=\"https:\/\/t.co\/mRUmqbfU9d\">https:\/\/t.co\/mRUmqbfU9d<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&#038;ref_src=twsrc%5Etfw\">#blockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/opportunities?src=hash&#038;ref_src=twsrc%5Etfw\">#opportunities<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/beready?src=hash&#038;ref_src=twsrc%5Etfw\">#beready<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cash?src=hash&#038;ref_src=twsrc%5Etfw\">#cash<\/a> <a href=\"https:\/\/t.co\/XXHw9Z7nyh\">pic.twitter.com\/XXHw9Z7nyh<\/a><\/p>\n<p>\u2014 Cypherpunk Holdings ($HODL) (@CypherpunkHODL) <a href=\"https:\/\/twitter.com\/CypherpunkHODL\/status\/1541796980128727040?ref_src=twsrc%5Etfw\">June 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company sold 205.8209 ETH for CAD 293,000 (more than $227,000 at the time of writing) and 214.7203 BTC for just over CAD 6 million (over $4.7 million).<\/p>\n<p>Total proceeds from the sale of the cryptocurrencies amounted to CAD 6,378,787 (about $5 million).<\/p>\n<p>Cypherpunk Holdings said the company has moved all Bitcoin and Ethereum into cash amid elevated risks of further substantial declines in crypto-asset prices. Until market conditions change, the funds will remain in cash.<\/p>\n<p>CEO Jeff Gao emphasised that Cypherpunk Holdings retains a long-term bullish outlook for cryptocurrencies and plans to capitalise on investment opportunities as they arise.<\/p>\n<p>In June, the price of Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-slips-below-the-20000-psychological-level\">fell below $18 000<\/a>, Ethereum fell to around $900. Analysts allowed a further downside for the first cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-foresee-bitcoin-price-dropping-to-10350\">down to $10 350<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment firm Cypherpunk Holdings sold all of its Bitcoin and Ethereum assets amid a market downturn.<\/p>\n","protected":false},"author":1,"featured_media":63629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46],"class_list":["post-63628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63628"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63628\/revisions"}],"predecessor-version":[{"id":63630,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63628\/revisions\/63630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63629"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}