Cypherpunk acquires $29 million in Zcash as token explodes 866% this year
Crypto Briefing
Cypherpunk Technologies invested $29 million to acquire 56,418 ZEC, increasing its total holdings to over 290,000 ZEC.Summary
Nasdaq-listed Cypherpunk Technologies announced the purchase of an additional 56,418 Zcash (ZEC) tokens for approximately $29 million. This acquisition raises the company's total ZEC holdings to over 290,000, representing about 1.7% of the total circulating supply. Cypherpunk, which has been building its position over the past month with an average cost basis around $334 per coin, aims to accumulate 5% of the Zcash network. The move comes as Zcash has seen significant growth, trading up 866% year-to-date in 2025. Will McEvoy, CIO of Cypherpunk, stated that the growing position positions them well for a market that is "repricing the societal importance of privacy."
(Source：Crypto Briefing)