Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian investment company, has upped its pale in Bitcoin (BTC).

The company disclosed Th that information technology has added 72.979 BTC to its reserves since June thirty, 2020.

Cypherpunk funded the conquering by liquidating its holdings of Monero (XMR) and Ethereum (ETH), besides as through partial proceeds from a private placement of CA$505,000, or $388,000, closed on Aug. 27.

With the buy, Cypherpunk now has 276.479 BTC in its reserves, making information technology the ninth-largest public Bitcoin holder. At current values, Cypherpunk's stake in BTC is worth just under $4.8 million.

At the time of writing, at to the lowest degree xiv publicly-traded companies held Bitcoin on their books. Combined, their holdings amount to 66,896.59 BTC, or $1.2 billion. That's equivalent to roughly 3.2% of Bitcoin'due south 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 company too invests in Hydro66, a greenish cloud infrastructure platform, and smart contract protocol Chia Network.

The company is run by Antanas Guoga, or Tony G, a Lithuanian businessman, politician and old professional poker player. He at present serves every bit an elected member of the Seimas, the legislative co-operative of the Lithuanian regime. Previously, he served equally a member of European Parliament for Lithuania.

It appears that more public companies are converting their cash holdings into Bitcoin as a more than suitable store of value. MicroStrategy, which has converted most of its cash holdings into Bitcoin, is the most prominent example of this trend. The visitor at present sits on 38,250 BTC subsequently nearly doubling its holdings over the summertime.

Milky way Digital is the second-largest public Bitcoin holder at 16,402 BTC, followed by Foursquare'south 4,709 BTC.

Cypherpunk did not immediately reply to a request for annotate.