What do you guys think of this stock $KHRIF?

[profullstack]

Just saw this article posted on hacker news. https://btcpeers.com/cypherpunk-holdings-is-the-now-9th-largest-bitcoin-holder/

In short this publicly traded company owns 72k bitcoin and is the 9th largest holder of btc.

Their stock is publically traded and is worth .07 cents right now.

[mk4]

Interesting.. they're invested in Wasabi and Samourai. I'm personally not interested in Monero(XMR) and whatever this Chia thing is, though.

Regardless, though I might be interested in having investments in both privacy apps, I'd just buy bitcoin instead to be honest. Wasabi and Samourai's success depends on Bitcoin's success anyway, so why not just buy bitcoin instead?

[profullstack]

That's true. but I think he sold all the XMR for BTC.

Might be worth a gamble at 7 cents. could give you huge returns.

[mk4]

That's true. but I think he sold all the XMR for BTC.

Missed that in the article.

Also, I checked their October 2020 report, and no they don't have 72k bitcoin.

The article you link states:

"Publicly-traded Canadian fund Cypherpunk just announced the acquisition of an additional 72.979 Bitcoins. With this deal, the entity has purchased a total of 276,479 Bitcoins."

The first number was rightfully using a decimal, whereas the second number should've been 276.479.

Why? Because their October 2020 states that they have only 203 Bitcoin. So after they purchased 72.979, that puts them at 275.979 bitcoin. Just 1 BTC off the 276.479 number.

https://cypherpunkholdings.com/wp-content/uploads/Cypherpunk-Holdings-October-2020-Revised-2.pdf

[profullstack]

That's true. but I think he sold all the XMR for BTC.

Missed that in the article.

Also, I checked their October 2020 report, and no they don't have 72k bitcoin.

The article you link states:

"Publicly-traded Canadian fund Cypherpunk just announced the acquisition of an additional 72.979 Bitcoins. With this deal, the entity has purchased a total of 276,479 Bitcoins."

The first number was rightfully using a decimal, whereas the second number should've been 276.479.

Why? Because their October 2020 states that they have only 203 Bitcoin. So after they purchased 72.979, that puts them at 275.979 bitcoin. Just 1 BTC off the 276.479 number.

https://cypherpunkholdings.com/wp-content/uploads/Cypherpunk-Holdings-October-2020-Revised-2.pdf

oh damn. they still the 9th largest holder though.

yeah 72k vs. 72. lol. like an episode of silicon valley missing a comma

[ChiBitCTy]

Interesting stock, thanks for sharing.  I read the article you linked, but didn't check in to the numbers yet ( PE ratio etc ).  As always with penny stocks like this, you must be very careful if you decide to purchase it.  Of course most of us here know this, but it's an important reminder plus to those who don't know finance stuff very well.  I am not surprised they dumped the Monero ( even though I very much support this coin ) but I am surprised that they dumped the ETH.  Will look further in to this and share so fundamental / technicals I find.