Winklevoss-Backed Firm Moves Closer to Holding 5% of ZEC Supply
Cypherpunk Technologies has strengthened its position in Zcash (ZEC), adding nearly $29 million worth of tokens as part of its long-term digital asset treasury strategy. The latest acquisition further cements the company’s commitment to privacy-focused cryptocurrencies amid volatile market conditions.
The Nasdaq-listed firm confirmed it purchased 56,418 ZEC at an average price of $514 per coin, lifting its total holdings to 290,062 ZEC. This represents approximately 1.8% of Zcash’s circulating supply, placing Cypherpunk more than a third of the way toward its stated goal of accumulating 5% of all ZEC in circulation.
Zcash operates under a fixed maximum supply of 21 million coins, with roughly 16.5 million currently circulating. By steadily increasing its exposure, Cypherpunk is positioning ZEC as a core treasury asset, alongside Bitcoin, framing privacy-centric networks as a hedge against expanding digital surveillance.
The latest purchase comes amid a broader market pullback. ZEC has declined roughly 17% from recent highs, while Cypherpunk’s shares have fallen about 60% since the company’s strategic pivot and public listing. Despite these declines, management reiterated its confidence in the long-term value of privacy-preserving technologies.
With nearly 2% of Zcash’s supply now on its balance sheet, Cypherpunk continues to execute an aggressive accumulation strategy. The move signals sustained institutional conviction that financial privacy may regain strategic importance, even as short-term price action remains volatile.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.