July 2020

Disclaimer - Cautionary Note Regarding Forward-Looking Information

This presentation contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of making investments in, crypto-currencies, digital currencies and assets, the blockchain, software and other sectors, financial information and enhancing value. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Cypherpunk Holdings enables you to invest in Bitcoin (BTC), Monero (XMR) and privacy technology.

We are listed on the Canadian Securities Exchange (CSE) under the ticker HODL.

Our investments are centred on the thesis that in the coming years, privacy will become one of the most important narratives in technology.

Technologies and cryptocurrencies with strong privacy will thus have strong market demand.

To build the world’s leading privacy investment vehicle

Our Aim:

Who are you? Why do you hide in the darkness and listen to my private thoughts?

“Why Privacy?

- William Shakespeare

Why Privacy?

● Different people know different things about you. Info you give to one person or entity, you might not give to another. You might tell your lawyer something you wouldn’t tell your doctor. You might tell your spouse something you wouldn’t tell your accountant.

● Yet online info from what you say, read, watch, share, buy or sell gets used for purposes beyond those for which it was supplied.

When the internet is “free”, you are the product.

Why privacy (continued)● That info is then used ...

○ To shape your behaviour: what you do/see/read/watch/buy/sell

○ To determine the information & content you receive

○ To sell things to you

○ To help others make decisions about you - eg jobs/loans

○ To spy on you

○ In bad hands, potentially, against you in some way

● You have little idea what data is being used, how or by whom; you have little say in its use, no ability to object, nor power to amend that info. You have no control.

The Solution: Privacy Tech

● Protecting your privacy limits the scope others have to use your info beyond the purpose for which it was supplied.

● Protecting your privacy protects you.

● New technologies, protocols, companies and coins are emerging with the shared goal of protecting privacy.

Our Thesis:● Privacy is undervalued. It has been mispriced by the market.

● Attitudes are changing. Many are waking up to its importance.

● As they do, tech and coins with strong privacy will have strong market demand.

● Some people will pay a premium to protect their privacy.

● As public awareness of the importance of privacy increases, a strong privacy narrative will emerge, furthering increasing demand for privacy tech.

● Privacy is the narrative which will drive the next bull market in tech

Moe AdhamDirector & CIOAn engineer and businessman with a passion for privacy and number theory. A self-professed Cypherpunk, Moe first learnt about bitcoin in 2010. In 2012 he began mining in his free time, while completing a Masters in Nanotechnology at Swiss Federal Institute of Technology (EPFL).

He founded Bitaccess in 2013, now one of Canada's most prominent blockchain technology companies, pioneering products such as Bitcoin ATMs, blockchain publishing and financial smart contracts.

Moe has been invited to the Senate of Canada, the European Parliament, and many other conferences internationally to speak on the future of blockchain technology.

Jon MatonisDirector & Chief EconomistA monetary economist with a particular focus on non-political digital currencies and privacy tech. His career includes senior influential posts at VISA, VeriSign, Sumitomo Bank and Hushmail. He was a founding director of the Bitcoin Foundation.

His early work on digital cash systems and financial cryptography has been published by Dow Jones and the LSE. He serves as an independent board director to companies in the bitcoin, blockchain, mobile payments & gaming sectors. He advocates on bitcoin to a wide variety of audiences, including the FED, the BoE, the ECB, SWIFT, the DOJ, retail payment networks, major financial institutions, regulatory bodies, mobile money issuers, iGaming operators, security firms, hedge funds & family offices.

Other Management:

Marc Henderson, Director

Blaise Yerly, Director Previously director and chairman of Aquiline Resources, which was acquired in 2009 by Pan American Silver; served until 2018 as director of Treasury Metals. Chairman of family holding company since 2008. Active in public companies for past 20 years. Has run in parallel several private companies in domains such as heavy equipment distribution, asset based finance & financial services.

CFO of Laramide Resources since 2006, also CFO of Treasury Metals. Held various senior financial positions for the past 30 years, including CFO of Aquiline Resources and Forrester Metals, which was acquired by Zinc One. CPA, CGA and holds a Bachelor of Commerce from Concordia University.

Partner in Irwin Lowy LLP, focused on securities law and corporate finance law, including public and private equity and debt financings, mergers and acquisitions, stock exchange listings etc. Serves on boards and acts as corporate secretary to several public and private companies.

25+ years of experience as a senior executive, board member, and principal investor in public companies, mostly in the resource sector. These include Minefinders, Lydian International, Treasury Metals, Laramide, Midpoint, and most prominently Aquiline Resources, which was sold to Pan American Silver in 2009. Marc holds an economics degree from the University of Colorado and is a CFA charterholder.

Dennis Gibson, CFO

Eric Lowy, Legal

Price (July 1, 2020) C$0.04

Shares Outstanding 90.17M

Market Cap C$3.6M

Warrants 0

Options 5M at C$0.10900K at C$0.07

Cash & Equivalents (July 1, 2020)

C$0.49M

Capitalisation

Crypto Holdings:

Bitcoin 203

Monero 2,748

NB: We closely monitor all privacy coins. Our current preference is for Bitcoin (BTC) and Monero (XMR), which are the most widely used.

● Wallets

● VPNs

● Password managers

● Voucher exchanges

● Universal identity platforms

● Messaging security

● Distributed financial infrastructure

Categories of Privacy Tech:

Equity Holdings:Wasabi is the market-leading, desktop privacy wallet for bitcoin.

It implements trustless coin shuffling with mathematically provable anonymity, also known as Chaumian CoinJoin.

We are lead investor and own 4.5% of the company.

2019 revenues were 107btc with impressive growth, roughly doubling from H1 to H2 (70 BTC in H2). Rare for tech to be so profitable at such an early stage.

Equity Holdings:The most secure and privacy-centric Bitcoin wallet currently available for mobiles. 50,000+ users and already profitable.

Dev team were key players at blockchain.info

Groundbreaking tech includes Open Exploration Tool, Whirlpool, Ricochet and Dojo. Revenue model is in-app premium transactions. 15,000 premium transactions during 2019. Revenue growth of 300+%

Also launched commercial partnership with nodl.it to deliver Samourai-branded hardware. We are lead investor and own 1.4%.

Equity Holdings:

Founded by Bittorrent inventor, Bram Cohen, Chia has a groundbreaking approach to building a decentralized blockchain network: proof of space.

Chia released a test network in late 2019 with a full launch planned for 2020.

USD$300K convertible note

Equity Holdings:

Hydro66 (CSE:SIX) is a datacenter, based in Sweden. It provides IT infrastructure, cloud computing, and crypto mining services, as well as running its own crypto mining operations.

It has access to low cost energy, and is well-placed to benefit from the Nordic cloud.

We have 4.4M shares and 5M warrants at CAD$0.75.

Equity Strategy:

● Businesses should be delivering products or services which enhance the overall privacy of the internet or enable further decentralization of blockchain networks.

● Management with proven track records.

● We like early opportunities

● Ideally with clearly defined access to liquidity within 12-18 months.

Why Invest? Cypherpunk Holdings’ Edge● Privacy is undervalued. The sector is destined to grow.

● Unique strategy, unique opportunity. First-mover advantage.

● This is early - the company is young.

● Management with good contacts in cryptocurrency, blockchain and Silicon Valley; good deal flow; sometimes preferential access to cryptocurrencies, equity deals and notes not generally available.

● Strong board with good track record, extensive capital market experience and and good oversight.

…next

Why Invest? Cypherpunk Holdings’ Edge (cont)● Minimum overhead, minimal headcount & streamlined operations

● Clean capital structure

● Discount to NAV

● Easy exposure, both retail and institutional, to an obscure but exciting sector

● Direct exposure to cryptocurrencies

● High standards of security

Share Price

Operations and

Security

Cryptocurrency Security Provided Through:

Brokerage Partner:

Banking Partner:

Auditor:

Cryptocurrency Security:

● Documented threat model, business continuity planning and key recovery procedures

● Multi-signature cold storage in use when supported, otherwise key-splitting in effect

● Third parties engaged for additional software support and services

The Main Privacy Coins:

The essential feature of privacy coins is that the amount of coins you own, send and receive are not observable, traceable or linkable by transaction history on the blockchain.

The Cypherpunk Index of Privacy Coins:

NB: We are not allocating our portfolio according to this index. It is just a guide. Our current preference is for Bitcoin and Monero, which are the most private and most widely used of the privacy coins.

Who were the Cypherpunks?

● A group of talented and committed computer scientists from the 1990s.

● Shared concerns about the possibilities the internet was created for corporate and state invasion of privacy.

● Their solutions lay in developing open-source technologies to defend privacy, especially cryptography.

Privacy is necessary for an open society in the electronic age.

“Eric Hughes

A Cypherpunk’s Manifesto

Thank you for your interest.

Please reach out with any questions:

team@cypherpunkholdings.com

cypherpunkholdings.com

Cypherpunk Holdings Inc.The Exchange Tower 130 King Street WestSuite 3680, Box 99Toronto, ON M5X 1B1Canada

Tel 1-416-599-8547