Cypherpunk Holdings Expands Major ZEC Treasury Position

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A Nasdaq-listed company with backing from Gemini co-founder Tyler Winklevoss has significantly increased its stake in the privacy cryptocurrency Zcash. Cypherpunk Technologies announced the acquisition of an additional $29 million worth of ZEC, advancing toward its declared goal of holding 5% of the asset’s supply.

The firm reported purchasing 56,418 ZEC at an average price of $514 per coin. This latest investment brings Cypherpunk’s total treasury holdings to 290,062 ZEC, which now constitutes approximately 1.8% of Zcash’s entire circulating supply.

Cypherpunk adopted its current strategy and name last November, following a transition from biotech and a substantial investment from Winklevoss Capital. The company’s initial move was the purchase of around 204,000 ZEC, positioning privacy assets as a strategic long-term complement to holdings like Bitcoin.

Zcash shares a fixed maximum supply of 21 million coins with Bitcoin. Given the current circulating supply of about 16.5 million ZEC, the company’s accumulated total represents more than one-third of its ultimate 5% target.

The company’s Chief Investment Officer reaffirmed its commitment to the goal, linking the accumulation strategy to a broader market reassessment of the value of financial privacy in society.