Winklevoss twins’ family office leads $58.9 million funding for Zcash treasury Cypherpunk Technologies
Crypto Briefing
Winklevoss Capital led a $58.9 million private placement for Cypherpunk Technologies to establish a Zcash-focused digital asset treasury.Summary
Cypherpunk Technologies, formerly Leap Therapeutics, announced the closing of a $58.9 million private placement led by Winklevoss Capital to shift its focus toward building a digital asset treasury centered on Zcash (ZEC). As part of this strategy, Cypherpunk acquired over 203,775 ZEC for approximately $50 million, averaging about $245 per coin. Zcash is noted for its privacy features derived from "zero-knowledge proofs." The company, which previously focused on cancer research, reported a Q3 net loss of $3.3 million before the funding injection.
(Source：Crypto Briefing)