Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian funding firm, has upped its stake in Bitcoin (BTC). 

The corporate disclosed Thursday that it has added 72.979 BTC to its reserves since June 30, 2020.

Cypherpunk funded the acquisition by liquidating its holdings of Monero (XMR) and Ethereum (ETH), in addition to by partial proceeds from a non-public placement of $505,000 CAD, or $388,000 U.S., closed on Aug. 27.

With the acquisition, Cypherpunk now has 276.479 BTC in its reserves, making it the ninth-largest public Bitcoin holder. At present values, Cypherpunk’s stake in BTC is value just below $4.8 million.

On the time of writing, a minimum of 14 publicly-traded firms held Bitcoin on their books. Mixed, their holdings quantity to 66,896.59 BTC, or $1.2 billion. That’s equal to roughly 3.2% of Bitcoin’s circulating provide.

Cypherpunk Holdings, which trades on the Canadian Securities Alternate, has a number of privacy-focused companies on its books, together with Wasabi Pockets and Samourai Pockets. The corporate additionally invests in Hydro66, a inexperienced cloud infrastructure platform, and sensible contract protocol Chia Community.

The corporate is run by Antanas Guoga, or Tony G, a Lithuanian businessman, politician and former skilled poker participant. He now serves as an elected member of the Seimas, the legislative department of the Lithuanian authorities. Beforehand, he served as Member of European Parliament for Lithuania. 

It seems that extra public firms are changing their money holdings into Bitcoin as a extra appropriate retailer of worth. MicroStrategy, which has transformed most of its money holdings into Bitcoin, is essentially the most distinguished instance of this pattern. The corporate now sits on 38,250 BTC after almost doubling its holdings over the summer time. 

Galaxy Digital is the second-largest public Bitcoin holder at 16,402 BTC, adopted by Sq.’s 4,709 BTC.

Cypherpunk didn’t instantly reply to a request for remark.