Cypherpunk (CYPH): Winklevoss fund exercises 16.6M warrants at $0.001
Rhea-AI Filing Summary
CYPHERPUNK TECHNOLOGIES INC. (CYPH) reported insider-related entity activity involving pre-funded warrants and common stock held through Winklevoss-associated entities. Winklevoss Treasury Investments, LLC (WTI), a subsidiary of Winklevoss Capital Fund, LLC, received Pre-Funded Warrants to purchase 43,290,042 shares of common stock under an Asset Purchase Agreement dated August 17, 2026, as consideration for the sale of certain assets and rights. On the same date, WTI exercised pre-funded warrants covering 16,570,852 underlying common shares at an exercise price of $0.001 per share, resulting in indirect ownership of 24,854,613 common shares held by WTI. The pre-funded warrants are exercisable immediately, have no expiration date, and are subject to a 19.99% beneficial ownership cap based on the issuer’s outstanding common stock. Each reporting person disclaims beneficial ownership except to the extent of its or his pecuniary interest.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 16,570,852 shares
Net Buy
3 txns
Insider
Winklevoss Capital Fund, LLC, Winklevoss Treasury Investments, LLC, Winklevoss Tyler Howard, Winklevoss Cameron Howard, Winklevoss Capital Management, LLC
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Pre-Funded Warrant (Right to Buy) F2, F1 | 16,570,852 | $0.5196 | $8.61M |
| Other | Pre-Funded Warrant (Right to Buy) F3, F2, F1 | 43,290,042 | $0.77 | $33.33M |
| In-the-Money Exercise | Common Stock F1 | 16,570,852 | $0.001 | $17K |
Holdings After Transaction:
Pre-Funded Warrant (Right to Buy) — 102,167,808 shares (Indirect, By Winklevoss Treasury Investments, LLC);
Common Stock — 24,854,613 shares (Indirect, By Winklevoss Treasury Investments, LLC)
Footnotes (3)
- F1. Securities are held by Winklevoss Treasury Investments, LLC ("WTI"), which is a wholly owned subsidiary of Winklevoss Capital Fund, LLC ("WCF"). Winklevoss Capital Management, LLC ("WCM") is the manager of WCF and Tyler Winklevoss and Cameron Winklevoss are the co-founders and managers of WCM. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein.
- F2. The Pre-Funded Warrants have no expiration date and are exercisable immediately. Notwithstanding the foregoing, the Reporting Persons shall not be entitled to exercise the Pre-Funded Warrant if it would cause the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons, their affiliates and any persons who are members of a Section 13(d) group with the Reporting Persons or their affiliates to exceed 19.99% of the total number of issued and outstanding shares of Common Stock of the Issuer following such exercise.
- F3. Pursuant to an Asset Purchase Agreement dated August 17, 2026, WTI received Pre-Funded Warrants to purchase 43,290,042 shares of Common Stock as consideration for the sale of certain assets and rights.
Key Figures
Pre-Funded Warrants Received: 43,290,042 shares
Warrants Exercised to Common Stock: 16,570,852 shares
Exercise Price per Share: $0.001 per share
+3 more
6 metrics
Pre-Funded Warrants Received
43,290,042 shares
Pre-Funded Warrants to purchase common stock received by WTI as consideration under Asset Purchase Agreement dated August 17, 2026
Warrants Exercised to Common Stock
16,570,852 shares
Underlying CYPH common shares from pre-funded warrants exercised by WTI on August 17, 2026
Exercise Price per Share
$0.001 per share
Exercise price of pre-funded warrants converted into 16,570,852 CYPH common shares
Common Shares Held After Transaction
24,854,613 shares
Indirect CYPH common stock holdings by Winklevoss Treasury Investments, LLC following warrant exercise
Pre-Funded Warrant Consideration Value
$0.770 per warrant
Per-unit transaction price associated with acquisition of 43,290,042 pre-funded warrants by WTI
Beneficial Ownership Cap
19.99%
Maximum aggregate beneficial ownership of CYPH common stock permitted upon warrant exercise
Key Terms
Pre-Funded Warrant, Asset Purchase Agreement, beneficial ownership, Section 13(d) group, +1 more
5 terms
Pre-Funded Warrant financial
"The Pre-Funded Warrants have no expiration date and are exercisable immediately."
A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.
Asset Purchase Agreement financial
"Pursuant to an Asset Purchase Agreement dated August 17, 2026, WTI received Pre-Funded Warrants"
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
beneficial ownership financial
"Each of the Reporting Persons disclaims beneficial ownership of these securities except"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 13(d) group regulatory
"any persons who are members of a Section 13(d) group with the Reporting Persons"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest"
FAQ
What did Winklevoss Treasury Investments, LLC receive under the Asset Purchase Agreement with CYPH?
Under an Asset Purchase Agreement dated August 17, 2026, WTI received Pre-Funded Warrants to purchase 43,290,042 CYPH common shares as consideration for selling certain assets and rights. The warrants are exercisable immediately and have no expiration date, subject to a beneficial ownership cap.
What is the beneficial ownership cap on the pre-funded warrants reported for CYPH?
The pre-funded warrants include a 19.99% beneficial ownership cap. They cannot be exercised if doing so would cause the reporting persons, their affiliates, and Section 13(d) group members to own more than 19.99% of CYPH’s outstanding common stock after the exercise.
Do Tyler and Cameron Winklevoss directly own the CYPH securities reported here?
The securities are held by Winklevoss Treasury Investments, LLC, a subsidiary of Winklevoss Capital Fund, LLC, managed by Winklevoss Capital Management, LLC. Tyler and Cameron Winklevoss are co-founders and managers of WCM, and each disclaims beneficial ownership except to the extent of his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
