BUILDING THE WORLD’S LEADING PRIVACY INVESTMENT VEHICLE Presentation Subtitle 2020 Holdings Inc. CSE: HODL

INVESTOR PRESENTATION January 2021

1 Investor Presentation January 2021

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 , 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.

2 Investor Presentation January 2021

EXECUTIVE SUMMARY

Cypherpunk Holdings enables you to invest in (BTC) and Privacy Technology

Cypherpunk Holdings is listed on the Canadian Securities Exchange (CSE) under the ticker HODL

3 Investor Presentation January 2021

MISSION

VISION VALUES

NAV to outperform To build the Bitcoin Privacy world’s leading Integrity privacy investment Transparency vehicle

4 Investor Presentation January 2021 OUR THESIS

Privacy Is Undervalued It Has Been Mis-Priced By The Market

Attitudes Are Changing Many Are Waking Up To Its Importance

OUR INVESTMENTS Tech And Coins With Strong Privacy Will Have Are Centred On The Thesis That In Strong Market Demand The Coming Years, Privacy Will Become One Of The Most Privacy Is Economical Necessity For Fungibility For

Important Narratives In Technology Peer To Peer Payments

Public Awareness & Importance Of Privacy Increases Furthering Demand, Many Will Pay Premium To Protect Their Privacy

Privacy Is The Narrative Which Will Drive The Next Bull Market In Tech

5 Investor Presentation January 2021

WHY PRIVACY & 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

6 Investor Presentation January 2021 Technologies we invest in:

Password Managers Universal VPNs Identity Platforms Messaging Wallets Security

AREAS OF FURTHER INTEREST:

NFTs - Non Fungible Tokens

DeFi

7 Investor Presentation January 2021 Equity Strategy

That enhance overall privacy of the internet or enable

further decentralisation of blockchain networks

We like early opportunities DELIVERING PRODUCTS EARLY STAGE OR SERVICES

MANAGEMENT LIQUIDITY Management with proven track Ideally with clearly defined access

records to liquidity within 12-18 months

8 Investor Presentation January 2021 Fundraise: Dec 2020 - Jan 2021

FUNDRAISING - DEC 2020/JAN 2021

Subscription $0.15 CAD Per Unit Price

Warrant $0.25 CAD Per Warrant

Unit 1 Share + 1/2 Warrant

Min Investment $100k CAD

Fund Raise of $2m CAD

Company’s Financials

Share Price $0.19 CAD

Market Cap $19.05m CAD

Outstanding 100.27m Shares

Min Investment $100k CAD

Fund Raise of $2m CAD

9 Investor Presentation January 2021 TEAM

ANTANAS “TONY” GUOGA MOE ADHAM JON MATONIS VERONIKA OSWALD Director & CEO Director & CIO Director & Chief Economist Director of Investor Relations A well-known investor, An engineer and businessman A monetary economist with a Has as a diverse financial businessperson, high stakes poker with a passion for privacy and particular focus on non-political background including investor player, and former member of the number theory. A self-professed digital currencies and privacy relations in private and public European Parliament. His diverse Cypherpunk, Moe first learnt tech. His career includes senior companies, corporate accomplishments include being about bitcoin in 2010. In 2012 he influential posts at VISA, VeriSign, development and asset named as one of Politico began mining in his free time, Sumitomo Bank and Hushmail. management. She is a partner in Magazine’s 28 people who are while completing a Masters in He was a founding director of fintech and venture capital shaping, shaking and stirring Nanotechnology at Swiss Federal the Bitcoin Foundation. investing, expanding innovative Europe in 2016. Institute of Technology (EPFL). funds and finance platforms

10 Investor Presentation January 2021 Board of Directors and Officers

MARC HENDERSON 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, DIRECTOR 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.

Previously director and chairman of Aquiline Resources, which was acquired in 2009 by Pan American BLAISE YERLY Silver; served until 2018 as director of Treasury Metals. Chairman of family holding company since 2008. DIRECTOR 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 DENNIS GIBSON positions for the past 30 years, including CFO of Aquiline Resources and Forrester Metals, which was CFO acquired by Zinc One. CPA, CGA and holds a Bachelor of Commerce from Concordia University.

ERIC LOWY 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 LEGAL acts as corporate secretary to several public and private companies

11 Investor Presentation January 2021

Why Invest in HODL

FIRST MOVER ADVANTAGE FAST GROWING SECTOR DEAL FLOW Unique network in & Unique strategy, unique Privacy is undervalued. The sector is blockchain. Superior deal flow; sometimes opportunity. First-mover destined to grow. preferential access to , advantage. This is early - the company is young. equity deals and notes not generally

available.

12 Investor Presentation January 2021

Our Edge

OUR STRUCTURE TEAM EXPOSURE

Easy exposure, both retail and Minimum overheads, minimal We have the ability to evaluate institutional, to an obscure but headcount & streamlined specialised deals exciting sector. operations. Clean capital structure Direct exposure to cryptocurrencies

13 Investor Presentation January 2021

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

Eric Hughes -

INVESTMENT PORTFOLIO

14 Investor Presentation January 2021 EQUITY STAKE: WASABI WALLET

WASABI IS THE MARKET-LEADING, DESKTOP 01 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.

15 Investor Presentation January 2021 EQUITY STAKE: SAMOURAI WALLET

THE MOST SECURE AND PRIVACY-CENTRIC 02 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%.

16 Investor Presentation January 2021 EQUITY STAKE: CHIA

DEVELOPER OF A TRANSACTION 03 PROGRAMMING LANGUAGE INTENDED TO TRACK AND OPTIMISE BITCOIN TRANSACTIONS.

Founded by Bittorrent inventor, Bram Cohen, Chia has a groundbreaking approach to building a decentralised blockchain network: .

Chia released a test network in late 2019 with a full launch planned for 2020. USD$300K convertible note

17 Investor Presentation January 2021 EQUITY STAKE: HYDRO66

04 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.

18 Investor Presentation January 2021 Cryptocurrency Holding: Bitcoin

WE ARE THE 9TH LARGEST PUBLIC BITCOIN 05 HOLDER* *Source: https://bitcointreasuries.org

Bitcoin (BTC) is a , which is used and distributed electronically. Bitcoin is a decentralised peer-to-peer network. No single institution or person controls it. can’t be printed and their amount is very limited – only 21 mln Bitcoins can ever be created.

We are holding: 276.48 BTC

19 Investor Presentation January 2021

We want to hear from you: [email protected]

Toronto - Canada London - United Kingdom cypherpunkholdings.com

Cypherpunk Holdings Inc.

Tel: 1-416-599-8547

20