Winklevoss-backed Cypherpunk buys $28 million of zcash, now owns 1.7% of supply

2025-12-31 11:44:22

Source: CryptoNewsNet Original Title: Winklevoss-backed Cypherpunk buys $28 million of zcash, now owns 1.7% of supply Original Link: Cypherpunk Technologies (CYPH), a digital asset treasury firm backed by the Winklevoss twins, purchased $28 million worth of privacy coin zcash (ZEC), bringing its overall holdings to 290,062 ZEC ($152 million).

The Nasdaq-listed company purchased 56,418 tokens at an average price of $514.02 per token, and now holds roughly 1.76% of zcash’s circulating supply.

The firm’s cost average is $334.41, making it one of very few digital asset treasury companies that are in the black following a broad crypto market correction since October. ZEC has bucked that trend, and has risen more than 1,200% since September amid a positive shift in investor sentiment around privacy coins.

“We continue to execute on our goal of accumulating 5% of the Zcash network,” chief investment officer Will McEvoy said, adding that the company is “well positioned for a market that is repricing the societal importance of privacy.”

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